Dalmia Bharat Sugar - Increasing Distillery Volumes To Boost Earnings: ICICI Direct

An employee scoops a sample as white sugar granules pass along a conveyor on the production line. (Photographer: Dario Pignatelli/Bloomberg)

Dalmia Bharat Sugar - Increasing Distillery Volumes To Boost Earnings: 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

Dalmia Bharat Sugar and Industries Ltd. reported strong Q4 FY21 results with 32.7% growth in operating profit led by increase in distillery volumes and higher proportion of B-heavy ethanol.

Consolidated sales declined 11.1% on account of absence of export volumes given the delay in announcement of export subsidy.

However, most sugar exports would be shipped and booked in Q1 FY22.

Sugar sales were down 18%, whereas distillery sales were up 23.2%.

The company sold 1.0 lakh tonne of sugar largely comprising domestic sales. Distillery volumes were up 10% to 2.1 crore litre.

Click on the attachment to read the full report:

ICICI Direct Dalmia Bharat Sugar Q4FY21 Result Update.pdf

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