Synopsis: Dalmia Bharat Sugar & Industries Limited reports 2.44% YoY revenue drop and a 47.92% YoY decrease in net profit in Q4 FY26 results.
This Small-Cap Ethanol Stock, engaged in sugar manufacturing, ethanol production, distillery operations, power generation, and renewable energy businesses serving industrial and consumer markets across India, fell 5.39 percent after the company reported March quarterly results with a 47.92 percent YoY increase in net profit.
With a market capitalization of Rs. 3,126.28 crores, the share of Dalmia Bharat Sugar & Industries Limited has reached an intraday high of Rs. 381 per equity share, rising nearly 5.39 percent from its previous day’s close price of Rs. 402.70. Since then, the stock has retreated and is currently trading at Rs. 386.25 per equity share.
Q4 FY26 Result Walkthrough
Coming into the quarterly results of Dalmia Bharat Sugar & Industries Limited, the company’s consolidated revenue from operations decreased by 2.44 percent YOY, from Rs. 1,015.52 crore in Q4 FY25 to Rs. 990.73 crore in Q4 FY26, and grew by 41.99 percent QoQ from Rs. 697.75 crore in Q3 FY26.
In Q4 FY26, Dalmia Bharat Sugar & Industries Limited’s consolidated net profit decreased by 47.92 percent YOY, reaching Rs. 103.52 crore compared to Rs. 198.76 crore during the same period last year. As compared to Q3 FY26, the net profit has increased by 48.82 percent, from Rs. 69.56 crore. The basic earnings per share decreased by 47.90 percent and stood at Rs. 12.79 as against Rs. 24.55 recorded in the same quarter in the previous year, FY2025.
Dividend: Dalmia Bharat Sugar & Industries Limited’s board of directors has recommended paying a final dividend at the rate of 75 percent on the face value of paid-up equity shares of Rs. 2 each for the financial year 2025-26, which is a dividend of Rs. 1.50 per equity share.
Revenue Segments (Q4 FY26)
For Q4 FY26, Dalmia Bharat Sugar & Industries Limited reported total segment revenue of Rs. 1,206.85 crore. The Sugar segment contributed Rs. 893.49 crore, accounting for nearly 74.03 percent of total revenue. The Distillery segment generated Rs. 312.24 crore, contributing around 25.87 percent, while the Others segment added Rs. 1.12 crore, making up about 0.09 percent of quarterly revenue.
For the full financial year FY26, the company reported total segment revenue of Rs. 4,170.99 crore. The Sugar segment remained the largest contributor with Rs. 2,949.67 crore, representing about 70.72 percent of total revenue. The Distillery segment contributed Rs. 1,214.23 crore, accounting for nearly 29.11 percent, while the Others segment contributed Rs. 7.09 crore, or around 0.17 percent of annual revenue.
Annual Performance of FY26
Dalmia Bharat Sugar & Industries Limited’s revenue has decreased from Rs. 3,724.94 crore in FY25 to Rs. 3,618.08 crore in FY26, which is a drop of 2.79 percent. The net profit has also decreased by 35.52 percent from Rs. 365.50 crore in FY25 to Rs. 235.66 crore in FY26. The annual basic earnings per share decreased by 35.50 percent and stood at Rs. 45.15 as against Rs. 29.12 recorded in the financial year 2025.
Dalmia Bharat Sugar & Industries Limited’s revenue has grown at a CAGR of 6.15 percent over the last five years. In terms of return ratios, the company’s ROCE and ROE stand at 8.30 percent and 7.34 percent, respectively. Dalmia Bharat Sugar & Industries Limited’s debt-to-equity ratio is 0.54x.
Manufacturing Capacity
Dalmia Bharat Sugar & Industries Limited has a strong manufacturing setup across its sugar and distillery businesses. As of March 31, 2025, the company’s sugar production capacity stood at 43,200 TCD (tonnes crushed per day).
In the distillery segment, it has a cane-based distillery capacity of 600 KLPD and a grain-based distillery capacity of 250 KLPD, taking the total distillery capacity to 850 KLPD. The company also has an annual production capacity of 23 crore litres, supporting its ethanol and industrial alcohol business growth.
Company Overview:
Dalmia Bharat Sugar & Industries Limited (DBSIL) was established in 1951 and is an Indian integrated sugar manufacturing and renewable energy company headquartered in New Delhi. Part of the Dalmia Bharat Group, it operates across sugar, ethanol, co-generation, magnesite, and wind energy sectors, with a growing presence in consumer products under the “Dalmia Utsav” brand.
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