Press Release

Q1 FY27 Highlights

• Revenue from operations for the quarter stood at 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+

New Delhi, August 7, 2026: Dalmia Bharat Sugar and Industries Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Financial Highlights for the Quarter ended June 30, 2026

(Figures in Rs. Crores, unless stated otherwise)

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 is prevailing in the range of Rs. 43–44/kg.

The sugar segment's profitability was impacted due to higher cane prices and lower sales volume, which was partially offset by improved NSR versus last year. Sugar inventory as on June 30, 2026 stood at 2.36 Lac MT, valued at Rs. 36.9/Kg.

Key updates

• The ongoing CBG (Bio-CNG) project at Kolhapur is tracking well within its targeted timeline of Nov-26 for commencement of operations.

• The Tanzania project was approved on July 14, 2026, comprising development of 10,000 Ha of sugarcane plantation and a manufacturing unit with sugar capacity of ~70,000 MT together with a 20 MW cogeneration facility, at an estimated project cost of US$132 million. Over the medium to long term, the project is expandable to 20,000 Ha of plantation and 150,000 MT of sugar production capacity.

• The Board has approved conversion of the existing cane distillery at Ramgarh to a Dual Feed 100 KLPD distillery, at a project cost of Rs. 49 Cr, with commissioning expected by April 2027.

• 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 sales volume in Q1 has resulted in stock accumulation at the quarter end, and this is expected to be recovered in the upcoming quarters of FY 2026-27. 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.

About Dalmia Bharat Sugar and Industries Limited:

Dalmia Bharat Sugar and Industries Limited has been one of the fastest-growing success stories in the Indian sugar industry. The company's foray into the sugar business was made in the mid-90s and the first unit of 2500 TCD was set up at Ramgarh, a village in the Sitapur district of Uttar Pradesh in 1994. During 2006-2007, the company embarked on a major growth path by setting up two greenfield plants at Jawaharpur (Dist. Sitapur, U.P.) and Nigohi (Dist. Shahjahanpur, U.P.) and expanding existing facilities at the Ramgarh unit. The total cane crushing capacity of the company is now 43,200 TCD, making it one of the leading sugar producers in the country. It is now a fully integrated player with 138 MW of co-generation capacity and a distillery of 950 KLPD along with incineration boilers, and also has facilities for processing of raw sugar. Visit us at https://www.dalmiasugar.com/.

Media Contact: Rachna Goria
Email: sec.corp@dalmiasugar.com