Avadh Sugar Q4 Review - Increasing Global Sugar Prices Likely To Drive Exports: ICICI Direct
Workers arrange sugar cubes at the Simbhaoli Sugars Ltd. mill in Ghaziabad, Uttar Pradesh. (Photographer: Prashanth Vishwanathan/Bloomberg)

Avadh Sugar Q4 Review - Increasing Global Sugar Prices Likely To Drive Exports: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Avadh Sugar and Energy Ltd. reported Q4 FY21 results with 7.5% revenue and 12.6% profit before tax growth.

Revenue growth was led by 26.6% growth in distillery, 7.5% growth in sugar sales.

Sugar volumes were up 6.2% on account of higher exports volume given the government announced export subsidy in December 2020.

However, sugar prices stayed muted at Rs 31.3/kilo gram due to dismal winter demand and peak crushing season.

Distillery volumes increased 17.7% to 1.6 crore litre with the installation of insinuation boiler at one of its distilleries at the start of the crushing season.

Click on the attachment to read the full report:

ICICI Direct Avadh Sugar Q4FY21 Result Update.pdf

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