Dwarikesh Sugar Industries Limited — PPTs, 14-05-2026: Investor Presentation

Here's a concise, retail-friendly summary:

1. **Business Performance:** Dwarikesh Sugar reported FY26 total income of ₹1,409.09 Cr, up from ₹1,365.32 Cr, driven by higher sugar sales and improved realizations. Profit After Tax (PAT) surged 32.1% YoY to ₹30.84 Cr for FY26 (Q4 PAT up 23.9% to ₹57.41 Cr), largely due to a lower effective tax rate from a new tax regime. Despite an 8% dip in annual crushing volumes, sugar production rose 13% as ethanol output shifted to B-heavy molasses. The ethanol segment faced lower off-take, while power revenue increased from revised tariffs.

2. **Growth Drivers or Strategy:** Strategic focus includes strengthening cane development programs and promoting high-yielding varieties to boost productivity. Shifting ethanol production to B-heavy molasses was key to optimizing sugar output.

3. **Recent Developments:** The Dwarikesh Dham unit expanded its distillery capacity to 175 KLPD in 2022. All three units successfully completed crushing operations for the 2025-26 sugar season by March 2026.

4. **Key Financial Metrics:** FY26 Revenue: ₹1,409.09 Cr (+3.2% YoY). FY26 PAT: ₹30.84 Cr (+32.1% YoY). FY26 EPS: ₹1.66 (+31.7% YoY).

5. **Management Commentary / Outlook:** Management acknowledges challenges like reduced cane availability from weather, jaggery demand, and variety shifts. However, a tightening domestic sugar balance signals firm prices ahead. Ongoing cane development initiatives are expected to help regain growth momentum.