DALMIA BHARAT SUG IN LTD

Manufactures sugar from sugarcane and converts the by-product molasses into ethanol (distillery), with sugar making up 70.7% of segment revenue and distillery contributing 29.1% for FY26. Total FY26 revenue stood at ₹3,618.08 crore with a net profit of ₹235.66 crore and an EBITDA margin of 14.35%. The company operates a sugar milling capacity of 43,200 TCD (tonnes crushed per day) and a distillery capacity of 950 KLPD (kilolitres per day), spanning units such as Jawaharpur, Ramgarh, Gangapur and Ninaidevi in Uttar Pradesh. It has approved a 3,500 TCD greenfield sugar project in Tanzania via its 51%-owned subsidiary Eagle Agrotech, covering a 10,000-hectare sugarcane plantation, an initial 70,000 MT per annum sugar capacity, and a 20 MW cogeneration facility at a cost of about US$132 million. The board has also altered its objects clause to enter biofuels including bio-ethanol, bio-methanol, sustainable aviation fuel, HVO, bio-diesel, bio-CNG and green hydrogen, leveraging sugarcane, molasses, bagasse and cellulosic biomass. Materials (sugarcane, molasses and other inputs) account for 73.7% of revenue, making raw material cost the dominant cost line.