Nov 04: Dalmia Bharat Sugar and Industries Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended 30th September’ 26. Salient features of the standalone financial results are as under: –
Key Highlights
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Revenue from operations increased to Rs. 1061 Cr, +7% YoY
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Sugar sales stood at 1.6 LMT for the quarter
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Strong sugar prices helped to achieve an average sugar NSR of Rs.46.8/kg.
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The distillery segment delivered volumes of 4.4 Cr Ltr, +10% YoY
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Driven by the above factors, the Company recorded EBITDA of Rs. 144 Cr, +90% and PAT Rs. 71 Cr, +203% YoY
Balanced demand-supply scenario in the Sugar and Ethanol segments supported the achievement of quarterly volumes. Despite headwinds in commodity prices, strong sugar realizations during the quarter provided momentum to revenue growth. Consequently, the company reported revenue of Rs. 1061 crore and EBITDA of Rs. 144 Cr for the quarter ended September 30, 2026
Key Financials
Sugar Segment Overview
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Sugar inventory as on 30th September 2026 is 0.81 LMT valued @ Rs. 37.3/Kg.
Distillery Segment Overview
Company Updates
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The Board of directors of the Company on November 3, 2026, had approved the Scheme of Arrangement between Hippostores Technology Private Limited and the Company and their respective shareholders and creditors under Section 230 to 232 and all other applicable provisions of the Companies Act, 2013 for transfer of business of Demerged Company which is engaged in multi-suuplier aggregation, AI/ML driven optimization, developing, implementing and scaling technology-led solutions, on a going concern basis. In consideration of it, the Company shall issue and allot Redeemable Preference Shares of face value of Rs. 10 each, to the Equity and Preference Shareholders of Demerged Company in the proportion defined in the scheme. The appointed date of the scheme is January 1, 2027.
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Ongoing Tanzania project for development of sugarcane plantation and sugar manufacturing unit in Tanzania, CBG project at Kolhapur and project of conversion of existing Cane distillery in Ramgarh to Dual feed 100 KLPD distillery are tracking well within the targeted timelines.
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During the quarter, Dalmia Bharat Global Holdings Limited, a wholly owned subsidiary company has been incorporated in United Arab Emirates to hold present and future investments of the Company.
Regulatory
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For sugar season 2026-27, the FRP has been increased from Rs. 355/Qtl to Rs.365/Qtl at a base recovery of 10.25% while State advised prices (SAP) is yet to be announced.
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The Department of Food and Public Distribution, through its direction dated 22 October 2026, has prohibited sugar diversion (B heavy and sugarcane juice/ syrup) for ethanol production during Ethanol Supply Year 2026–27.
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The Government of India prohibited sugar exports and subsequently permitted imports of up to 1 million tonnes of raw sugar under Tariff reduction Quota (TRQ) which may continue for next year as well, in order to maintain a balanced domestic demand-supply situation and curb sharp increase in domestic sugar prices.
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During the quarter, Government of Uttar Pradesh, increased the levy obligation on B-heavy molasses from 18% to 19% and subsequently to 20% through notifications dated August 3, 2026 and September 25, 2026, respectively.
