Mumbai, Aug 08: Dalmia Bharat Sugar and Industries Limited announced its unaudited standalone and consolidated financial results for the quarter ended 30th June’ 26. Salient features of the financial results are as under:
Key Highlights
- Revenue from operations for the quarter Rs. 848 Cr.
- Sugar sales stood at 1.3 LMT for the quarter.
- Company delivered an average sugar NSR of Rs. 40.6/kg.
- Distillery volume stood at 4.3 Cr Ltr.
- Long term credit rating reaffirmed at CARE AA+; Stable.
- Short term credit rating reaffirmed at CARE A1+.
Higher sugarcane prices in the last sugar season increased opening inventory costs. Better sugar prices partly offset these challenges. Despite these headwinds, the Company reported revenue of Rs. 848 crore and EBITDA of Rs. 71 crore for the quarter ended June 30, 2026.
Sugar NSR improved from an average of Rs 39.9/kg in Q1 FY 2025–26 to Rs 40.6/kg in Q1 FY 2026–27. Sugar NSR in July month is prevailing in the range of Rs 43–44/kg.
Key Financials
Sugar Segment Overview
- Sugar segment profitability was impacted due to higher cane prices and lower sales volume which is partially off-set by improved NSR Vs LY.
- Sugar inventory as on 30th June 2026 stood at 2.36 Lac MT valued @ Rs. 36.9/Kg.
Distillery Segment Overview
Project Updates
- Ongoing CBG (Bio-CNG) Project at Kolhapur is tracking well within the targeted timelines of Nov-26 for commencement of its operations.
- Tanzania Project was approved on July 14, 2026, comprises of development of 10000 Ha sugarcane plantation and the establishment of a manufacturing unit with Sugar manufacturing capacity of ~70,000 MT together with a 20 MW cogeneration facility, with an estimated project cost of US$132 million. Over the medium to long term, this project is expandable to 20000 Ha plantation and 150000 MT sugar production capacity. The Company intends to progressively transform the integrated complex into a diversified bio-energy platform by maximizing the utilization of all by-products through commercially viable and environmentally sustainable value-added initiatives.
- The Board has approved, project of conversion of existing Cane distillery in Ramgarh to Dual feed 100 KLPD distillery with project cost of Rs 49 Cr and expected commissioning by April, 2027.
Regulatory
- For sugar season 2026-27, the FRP has been increased from Rs. 355/Qtl to Rs.365/Qtl at a basic recovery of 10.25%.
Outlook
- Lower sale volume in Q1 has resulted in stock accumulation at the quarter end, hence Q1 lower sales shall be recovered in upcoming quarters in FY 2026-27.
- Sugar NSR in July month is prevailing in the range of Rs 43–44/kg. With steady domestic demand and a balanced supply position, sugar prices are expected to remain firm in the near term.
- The Company presently expects a healthy sugarcane crop in the upcoming season. However, the actual crop outlook will depend on weather conditions, including the impact of El Niño and other Agro-climatic factors.