| Revenue growth | 22% consolidated YoY growth driven by sugar and real estate segments. |
|---|---|
| Margins | Pressure from sugar cane price hikes; ethanol margins remain static. |
| Order book | ₹6,000 Cr real estate order book; asset-light DM model scaling. |
| Demand visibility | Positive sugar price outlook; high demand for Dubai residential projects. |
| Management confidence | Balanced, focused on asset-light real estate and debt deleveraging targets. |
Growth
Consolidated revenue grew 22% YoY; sugar sales rose 29% via higher quotas, despite margin pressure from 8% SAP hike.
Outlook
Management expects ₹900 Cr profit repatriation from Dubai by end of FY27, targeting ₹10,000 Cr GDV in real estate.
Risks
Higher sugar cane prices and potential regulatory changes in ethanol blending remain primary margin triggers.
Last quarter's promises, checked
Delivered
- Guided Dubai BCC by May → Received BCC 21 May (= BEAT)
- Guided 100% Dubai sales → 100% sold out (= BEAT)
- Guided sugar capacity optimization → 101.7% utilization (= BEAT)
Partly delivered
- Guided ethanol price revision → Long overdue, industry still waiting (= PARTIAL)
Missed
- Guided deleveraging every quarter → Debt remained at ₹1,900 Cr (= MISS)
Earnings Call Transcript filed with BSE, NSE: ZUARIIND. Summary written with AI assistance from the document.
Zuari Industries Ltd: key numbers
- Share price
- ₹290.20
- Market cap
- ₹864.2 Cr
- Revenue (annual)
- ₹1,045 Cr
- Net profit (annual)
- ₹108.0 Cr
- P/E (TTM)
- 8.0×Sector 29.0×
- Promoter holding
- 56.71%+0.00% QoQ
- FII holding
- 1.10%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Zuari Industries Ltd
All →Zuari Industries Merger & Restructuring Worth ₹148 Cr
Zuari Industries completed the acquisition of 1,28,10,900 equity shares in Texmaco Infrastructure & Holdings Limited from its subsidiary for Rs. 147.96 Crore.
- Value
- ₹148.0 Cr
Zuari Industries Acquisition Worth ₹148 Cr
Zuari Industries Limited acquired 12.81 million shares of Texmaco Infrastructure & Holdings Limited from its subsidiary, Zuari International Limited, for Rs. 147.96 Crore via block deal.
- Value
- ₹148.0 Cr
Zuari Industries Annual General Meeting
Zuari Industries held its 58th Annual General Meeting on September 21, 2026, where members transacted business including dividend declaration and re-appointment of directors.
Zuari Industries Investor Presentation: Key Takeaways
Zuari Industries reported Q1 FY27 standalone revenue of ₹283.9 Cr, up 26% YoY, driven by higher sugar sales and realizations. However, higher state-advised prices (SAP) for sugarcane impacted margins, leading to an EBITDA decline.
Zuari Industries Q1 FY27 Results: Turns Profitable, Net Profit ₹0.1 Cr
Zuari Industries Ltd reported revenue from operations of ₹311.9 Cr (+21.1% YoY) and net profit of ₹0.1 Cr for Q1 FY27.
- Key figure
- Net profit ₹0.1 Cr
Zuari Industries Earnings Call: Key Takeaways
Zuari Industries reported FY26 consolidated total income of ₹1,155cr and PAT of ₹105cr, a sharp recovery from a ₹94.4cr loss in FY25. Strategy focuses on deleveraging via Dubai project inflows.