Dalmia Bharat Sugar Reports FY 2026 Financial Results Amid Operational Efficiencies
Dalmia Bharat Sugar and Industries Limited has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported a strong performance driven by operational efficiencies and increased sugar realization, despite facing pressure from cane pricing and cane availability during the year.During the year ended March 31, 2026, the company achieved an operating revenue of Rs. 3,618 crore and a profit before tax of Rs. 322 crore. Management attributed this strong outcome to a strategic focus on operational excellence, rigorous cost optimization, and effective product mix management through diversion, which helped sustain margins in a challenging operating environment.
Key Financial Performance Highlights
The company's financial performance saw key variations in both the recent quarter (Q4'26) and the full year (12M'26).Quarter Ending March 31, 2026 (Q4'26):
- Revenue from operations stood at Rs. 991 crore, marking a 2% Year Over Year (YoY) decline, while representing the third highest quarterly revenue achieved by the company.
- Sugar sales reached 1.5 Lakh Metric Tonnes (LMT), showing a 2% YoY increase.
- The average sugar realization (NSR) for the quarter was Rs. 39.4/kg, up 1% YoY.
- Distillery volume stood at 4.7 Crore Litres (Cr Ltr), down 2% YoY.
Full Year Ending March 31, 2026 (12M'26):
- Total Revenue reached Rs. 3,618 crore, a 3% YoY decrease.
- Sugar sales volume was recorded at 5.5 LMT, an 8% YoY decline.
- The company achieved an all-time high average sugar NSR of Rs. 39.7/kg, reflecting a 4.5% YoY increase.
- Distillery volume stood at 18.7 Cr Ltr, increasing 3% YoY.
Detailed Financial Results
The company’s financial reporting for the quarter and year ended March 31, 2026, included the following key figures:Key Financials (Rs. Cr.)
| Particulars | Unit | 04'26 | 04'25 | Change % | 12M'26 | 12M'25 | Change % |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | Rs. Cr | 991 | 1016 | -2% | 3618 | 3725 | -3% |
| Operating EBITDA | Rs. Cr | 171 | 197 | ~ -13% | 426 | 477 | -11% |
| EBITDA Margin | % | 17% | 19% | 11.78% | 12.82% | ||
| PBT | Rs. Cr | 145 | 160 | -9% | 322 | 345 | -7% |
| PAT | Rs. Cr | 105 | 199 | -47% | 238 | 366 | -35% |
| EPS (not annualized) | Rs./Share | 13.0 | 24.5 | -47% | 29.4 | 45.1 | -35% |
Segment Performance Overview
| Particulars | Unit | 04'26 | 04'25 | Change % | 12M'26 | 12M'25 | Change % |
|---|---|---|---|---|---|---|---|
| Sugar Segment | |||||||
| Sugar Sales Volume | Lakh MT | 1.5 | 1.5 | 2% | 5.5 | 6 | -8% |
| Avg. realization (Incl. exports) | Rs./Kg | 39.4 | 38.9 | 1% | 39.7 | 38 | 4% |
| Gross Revenue | Rs Cr | 893 | 878 | 2% | 2950 | 3038 | -3% |
| EBIT | Rs Cr | 132 | 152 | -14% | 280 | 337 | -17% |
| Distillery Segment | |||||||
| Distillery Sales Volume | Cr litres | 4.7 | 4.9 | -4% | 18.7 | 18 | 3% |
| Gross Revenue | Rs Cr | 312 | 345 | -9% | 1214 | 1202 | 1% |
| EBIT | Rs Cr | 32 | 21 | 49% | 97 | 70 | 40% |
Dividend and Outlook
The board recommended a final dividend of Rs. 1.50 per share (face value Rs. 2/- per share) for FY 2025-26, subject to shareholder approval.Regarding the market outlook, the industry noted that an increase in the Minimum Support Price (MSP) of sugar would substantially improve sector economics and help mitigate ongoing margin pressures. Furthermore, geopolitical tensions in the Middle East region may continue to disrupt crude supply, supporting a stronger push for ethanol blending beyond 20%, with 25% cited as a medium-term possibility. This development could provide potential upside to ethanol prices, contingent on policy support.
DALMIASUG Stock Price Movement
Today, Dalmia Bharat Sugar and Industries Limited shares edged higher in post-market trading, closing at ₹402.70, marking a gain of 1.14%. The stock finished within a trading range of ₹395.05 to ₹413.45, supported by a total traded volume of 417,545 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: