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EID Parry sells Sivagangai unit for Rs 45.9cr
Negative-33Company event
GreyOak summary
EID Parry approved the sale of its Sivagangai distillery unit for Rs 45.9 crore to SVRAJU Agro Pvt Ltd. The company reported a 40% decline in Q2 FY27 net profit to Rs 253 crore, though sugar and distillery segments returned to profitability. The move aims to optimize assets and focus on core businesses amid feedstock challenges.
What it affects
- EID Parry IndiaEIDPARRYNegative -33
Selling distillery unit; Q2 profit down 40%.Rolling sentiment Negative -50
Source
Read the original at BusinessLineMore EID Parry India news
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