ZUARI INDUSTRIES LIMITED — Investor Meet, 19-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Zuari Industries reported strong Q3 FY26 operational performance, achieving its highest ever quarterly sugar crushing at 6.73 Cr quintal with over 100% capacity utilization. Standalone revenue grew 2% to INR254.7 Cr, while consolidated revenue rose to INR301.5 Cr, leading to a reduced consolidated PBT loss. The company is actively deleveraging, anticipating INR800-900 Cr from the Dubai project and INR273 Cr from an associate in FY27. Zuari InfraWorld achieved INR3,100 Cr Gross Development Value, with the Dubai project nearing completion. The ethanol JV was commissioned in January 2026. Management voiced concern over stagnant ethanol prices and industry overcapacity.