Eid Parry India Q1 Results Live: Profit Falls by 16.1% YoY

Eid Parry India Q1 Results Live : Eid Parry India Q1 Results Live: Eid Parry India declared their Q1 results on 14 Aug, 2024. The topline decreased by 3.98% and the profit decreased by 16.1% year-over-year (YoY). However, compared to the previous quarter, the revenue grew by 21.41%, while the profit decreased significantly by 58.54%.

The company faced increased expenses as the Selling, General, and Administrative (SG&A) expenses rose by 10.12% quarter-over-quarter (q-o-q) and increased by 10.78% year-over-year (YoY).

Despite the challenges, Eid Parry India saw a slight improvement in operating income, which was up by 2.94% q-o-q but decreased by 36.14% YoY.

The Earnings Per Share (EPS) for Q1 stood at ₹5.13, which marked a decrease of 16.04% YoY.

In terms of stock performance, Eid Parry India has delivered a return of -1.13% in the last week, 27.19% in the last 6 months, and a substantial 34.69% year-to-date (YTD) return.

Currently, Eid Parry India has a market capitalization of ₹13,323.53 crore, with a 52-week high of ₹859.95 and a low of ₹452.7.

As of 16 Aug, 2024, out of the 1 analyst covering the company, the analyst has given a Strong Buy rating.

The consensus recommendation as on 16 Aug, 2024, was to Strong Buy.