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ICICI Direct Report
Dalmia Bharat Sugar and Industries Ltd.'s consolidated revenue witnessed growth of 75.1% to Rs 856 crore on account of 111.2% growth in sugar sales, 125% jump in distillery sales and 28.9% growth in power revenues.
Dalmia Bharat Sugar witnessed 56% growth in sugar volumes to 1.5 lakh tonnes. Its domestic sugar sales quota was 31.3% at 1.09 lakh tonnes. It has exported 0.41 lakh tonnes during the quarter (our estimate).
Moreover, prevailing domestic sugar prices are higher by 6-8% in last one year.
Distillery volumes more than doubled to 4.1 crore litre after the company expanded its capacity to 600 thousands litre per day. Power volumes were up 3% to 11.8 crore units
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