Stockrabit · Analysts
Questions across 5 calls

Ritwik Sheth

One Up Financial

Granules India Limited

EID Parry India Limited

EID Parry India Limited CC-Dec23.pdf · 2024-02-07
Hi. Good morning, sir. Sir, a couple of questions from my end. Firstly, on the sugar business, this season, we have been impacted by lower sales, primarily due to exports, and then impact on distillery volumes as well, coupled with increa se in FRP prices. Assuming next year that the crop is close to normal, I know it's too early to take a call on next year's crop, but assuming that the crop reverts back to normal, can this lead to this year's pain to next year's normalcy for us in the sugar business?
And on the sugarcane cost, you mentioned that current year it was close to INR 3,540 versus last year INR 3,360. So, that is a significant increase and with no increase in MSP for sugar, do you think there is a case for increase in MSP for the industry because the economics currently for us and most players is on the lower end compared to last few years. So, wanted to hear your thoughts on FRP and MSP as well the mismatch in the last couple of years.

Aditya Birla Real Estate Limited