Dwarikesh Sugar FY26 PAT Rises 32% Despite Challenges

Dwarikesh Sugar reported FY26 PAT of ₹308.4 million, up 32% YoY, driven by a lower tax provision under the new regime.
Revenue increased to ₹14,019.4 million on higher sugar sales volumes and improved realizations, though EBITDA declined to ₹940.3 million.
Operational challenges included a 29% drop in Q4 ethanol offtake and sub-optimal plant utilization due to lower cane availability.
The sector outlook expects firm sugar prices due to a tightening domestic balance sheet and reduced global production estimates.