EID PARRY INDIA Freshly Broken 83 Weeks High
Company has delivered good profit growth of 41.5% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 19.7%
Expected diversion for Ethanol in SY 2023-24 is ~ 20LMT of Sugar
(against 38LMT diverted in SY 2022-23). Overall blending is 12%
as of March’24.
E20 petrol is available at 12,000 fuel retail outlets and the
government targets a pan-India rollout by 2025.
Syrup/B Hy diversion to Ethanol restricted from 7
th Dec 2023 and
subsequently on 15th Dec 2023, allowed 17 LMT of Sugar
diversion (as B Hy) across the country. Additional 10LMT has
been allowed in April’24 for supply in Q3 of FY’25.
Maximize and grow the Refined / Pharma Sugar
Business
• Health and wellness segment has been identified
to focus on specialty sweetener business
• Focusing on Brown sugar and Jaggery as
alternate sweetener
• To become a sweetening solutions provider for
B2B Customers
1. Packaged staples has a large Total Addressable Market
(TAM) of ~ INR 9 L Cr
• Highly unorganised with only a few pan-India
players
2. Overall branded penetration is less than 20%.
• Significant growth expected with consumers
preferences shifting towards branded products
• Coincides with India’s overall growth and expansion
of the consumption class
3. Parry’s brand presence and the strong foundation laid
through the sweeteners to be leveraged
• To further build on the capability to ‘brand the
unbranded’
4. Aspiration to capture >10% of the kitchen shelf in every
household in South India
The Company made a pioneering leap towards community water
resource management projects through its flagship Project NANNEER
• Under the first phase, seven lakes and ponds in Oonaiyur area
(Pudukkottai and Sivagangai district in TN) were desilted across 250
acres (depth of 1-3 meter)
• Under the second phase, twelve lakes and ponds (in the Cuddalore,
Tiruppur, Villupuram and Erode districts in TN) were desilted across
127
• The excess desilted soil was utilized to create islands in each of the
water bodies. Close to 1100 Million Liters were conserved in Phase 1
and 2.
• Currently third phase being planned in TN, KN and AP.
• The Company aims to achieve Ten Billion liters of water holding
capacity through Project NANNEER by the end of 2026.
Increase in Cash Fixed Cost in FY’24 majorly due to:
• Manpower capability building for project expansion and new business
• CPG infrastructure building
• Special repairs undertaken in major plants
Lower cane volume by 1.7 LMT over last year further contributed to the
increase in CFC/MT
Increase in cane cost, drop in recovery & yield due to climatic
conditions, restriction in sugar diversion for ethanol has led to drop in
EBITDA.
The benefits on expansion of distillery capacities are expected to flow
in FY’25
Company has been maintaining a healthy dividend payout of 19.7%
Expected diversion for Ethanol in SY 2023-24 is ~ 20LMT of Sugar
(against 38LMT diverted in SY 2022-23). Overall blending is 12%
as of March’24.
E20 petrol is available at 12,000 fuel retail outlets and the
government targets a pan-India rollout by 2025.
Syrup/B Hy diversion to Ethanol restricted from 7
th Dec 2023 and
subsequently on 15th Dec 2023, allowed 17 LMT of Sugar
diversion (as B Hy) across the country. Additional 10LMT has
been allowed in April’24 for supply in Q3 of FY’25.
Maximize and grow the Refined / Pharma Sugar
Business
• Health and wellness segment has been identified
to focus on specialty sweetener business
• Focusing on Brown sugar and Jaggery as
alternate sweetener
• To become a sweetening solutions provider for
B2B Customers
1. Packaged staples has a large Total Addressable Market
(TAM) of ~ INR 9 L Cr
• Highly unorganised with only a few pan-India
players
2. Overall branded penetration is less than 20%.
• Significant growth expected with consumers
preferences shifting towards branded products
• Coincides with India’s overall growth and expansion
of the consumption class
3. Parry’s brand presence and the strong foundation laid
through the sweeteners to be leveraged
• To further build on the capability to ‘brand the
unbranded’
4. Aspiration to capture >10% of the kitchen shelf in every
household in South India
The Company made a pioneering leap towards community water
resource management projects through its flagship Project NANNEER
• Under the first phase, seven lakes and ponds in Oonaiyur area
(Pudukkottai and Sivagangai district in TN) were desilted across 250
acres (depth of 1-3 meter)
• Under the second phase, twelve lakes and ponds (in the Cuddalore,
Tiruppur, Villupuram and Erode districts in TN) were desilted across
127
• The excess desilted soil was utilized to create islands in each of the
water bodies. Close to 1100 Million Liters were conserved in Phase 1
and 2.
• Currently third phase being planned in TN, KN and AP.
• The Company aims to achieve Ten Billion liters of water holding
capacity through Project NANNEER by the end of 2026.
Increase in Cash Fixed Cost in FY’24 majorly due to:
• Manpower capability building for project expansion and new business
• CPG infrastructure building
• Special repairs undertaken in major plants
Lower cane volume by 1.7 LMT over last year further contributed to the
increase in CFC/MT
Increase in cane cost, drop in recovery & yield due to climatic
conditions, restriction in sugar diversion for ethanol has led to drop in
EBITDA.
The benefits on expansion of distillery capacities are expected to flow
in FY’25
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