ZUARI INDUSTRIES LIMITED

Zuari Industries Limited conducted its Q1 FY27 earnings conference call on August 17, 2026, where management discussed various aspects of the company's performance. The sugar division reported a 29% year-on-year increase in sales volume, reaching 4.7 lakh quintals, supported by higher domestic quota allocation. However, margins faced pressure due to an 8% increase in sugarcane prices. The ethanol business showed steady production growth, while power sales surged significantly. The real estate subsidiary, Zuari Infraworld, completed the St. Regis Residences project in Dubai, with profit repatriation already underway. Management highlighted ongoing deleveraging efforts, with external debt reduced to INR1,888 crores. The company reported a standalone total income of INR283.9 crores, a 26% increase year-on-year, but faced a loss before tax of INR4.4 crores. Management expressed optimism about future performance, particularly in the sugar segment, due to favorable pricing conditions.

Management reported both positive growth in certain segments and challenges affecting profitability.