(Reuters) -India’s Dalmia Bharat Sugar and Industries posted a near 30% fall in first-quarter profit on Tuesday, dragged by lower sugar production.
The company reported a net profit after tax of 383.7 million rupees ($4.37 million) for the quarter ended June 30, compared with 547.3 million rupees a year ago.
The New Delhi-based firm, which supplies sugar to companies such as Coca-Cola, Britannia and Dabur, posted a 2% fall in quarterly revenue.
For further earnings highlights, click [here]
KEY CONTEXT
India’s sugar output for the 2025 marketing year, ending in September, is projected to fall below domestic consumption for the first time in eight years.
This decline is primarily attributed to reduced sugarcane availability in key producing states, driven by the adverse effects of El Niño and limited groundwater.
PEER COMPARISON
Valuation (next 12 Estimates (next 12 Analysts’ sentiment
months) months)
RIC PE EV/EBITDA Revenue Profit Mean No. of Stock to Div
growth (%) growth (%) rating* analyst price yield
s target** (%)
Dalmia Bharat Sugar 11.68 6.48 6.61 0.08 Hold 1 0.61 1.58
and Industries
E I D-Parry (India) 19.14 7.68 32.93 97.53 Strong 1 1.08 0.34
Buy
Dwarikesh Sugar 9.45 6.46 20.91 106.09 Strong 2 0.65 1.16
Industries Buy
Balrampur Chini 20.66 14.52 10.87 15.90 Strong 5 0.83 0.53
Mills Buy
* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell
** The ratio of the stock’s last close to analysts’ mean price target; a ratio above 1 means the stock is trading above the PT
APRIL-JUNE STOCK PERFORMANCE
— All data from LSEG IBES
— $1 = 87.7950 Indian rupees
(Reporting by Yagnoseni Das in Bengaluru; Editing by Harikrishnan Nair and Sahal Muhammed)
