ZUARI INDUSTRIES LIMITED — Investor Meet, 21-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Zuari Industries reported Q1 FY27 standalone total income of INR283.9 Cr, up 26% YoY, driven by higher sugar sales. Standalone EBITDA was INR31.3 Cr (vs INR36.9 Cr YoY), with PAT at a loss of INR9.5 Cr due to an 8% increase in sugarcane prices. Consolidated total income grew 22% to INR327.5 Cr, posting a marginal PAT of INR0.05 Cr.

Management highlighted significant deleveraging progress. Repatriation from the Dubai St. Regis project has commenced, with INR142.58 Cr received and INR900 Cr targeted for the fiscal year. They also expect INR258 Cr loan repayment from Zuari Agro Chemicals. The real estate arm (Zuari Infraworld) is advancing with its asset-light DM model, including a 2.8 million sq ft project in Hyderabad and a 14.8-acre plotted development in Bangalore, aiming for INR10,000 Cr Gross Development Value.

The sugar segment sees a positive outlook with lower national inventory and rising domestic/global prices. Ethanol expansion is on hold due to existing industry overcapacity. Strategic investments' value reached INR4,223 Cr, up 15% QoQ. The company remains focused on operational efficiencies and inorganic growth evaluations. The overall sentiment is confident in deleveraging and real estate growth, while cautious on ethanol expansion.