Dalmia Bharat Sugar Q3 Review - Higher Distillery Volumes To Drive Profit: ICICI Direct
White sugar is displayed in a sack as it is sold in a grocery store in Mumbai, India. (Photographer: Shirish Shete/Bloomberg News)  

Dalmia Bharat Sugar Q3 Review - Higher Distillery Volumes To Drive Profit: 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 a strong set of number with revenue growth of 20.1% and profit before tax growth of 13.5%.

The healthy revenue growth was led by 17.9% increase in sugar sales led by higher domestic sales quota during festive season and 31.3% jump in distillery volumes given new capacities have been commissioned in the last one year.

Operating profit was flat due to increase in fair and remunerative price for Maharashtra mills and significant reduction in inventory (the company is holding only new season sugar inventory as on December 2020, which is a high cost inventory).

Click on the attachment to read the full report:

ICICI Direct Dalmia Bharat Sugar Q3FY21 Result Update.pdf

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