India's Dalmia Bharat Sugar posts rise in quarterly profit on higher sugar demand
May 13 (Reuters) - India's Dalmia Bharat Sugar and Industries DLMI.NS posted an over two-fold rise in its fourth-quarter profit on Tuesday, helped by higher sugar demand amid resumption of exports.
The company reported a net profit after tax of 2.06 billion rupees ($24.15 million) for the quarter ended March 31, compared with 913.2 million rupees last year.
The New Delhi-based firm, which supplies sugar to companies such as Coca-Cola KO.N, Britannia BRIT.NS, Dabur DABU.NS, posted a 35.7% rise in revenue.
For further earnings highlights, click nFWN3RL24D
KEY CONTEXT
During the quarter, India, the world's second-largest sugar producer, allowed 1 million metric tons of sugar exports for the season ending in September 2025.
This move was aimed at helping domestic mills clear surplus stock and support local sugar prices, which have been under pressure due to oversupply.
Sugar producers have been grappling with rising inventory costs as stocks piled up over the last few quarters.
The move marked a shift from last year's policy, when no exports were allowed due to concerns over inflation and erratic rainfall in key sugarcane-growing states.
PEER COMPARISON
Valuation (next 12 months)
|
Estimates (next 12 months) | Analysts' sentiment | |||||||
RIC | PE | EV/EBITDA | Revenue growth | Profit growth | Mean rating* | # of analysts | Stock to price target** | Div yield (%) | |
Dalmia Bharat Sugar and Industries Ltd | DLMI.NS | 9.89 | 5.59 | 8.79 | 21.05 | Hold | 1 | 0.70 | 1.55 |
E I D-Parry (India) Ltd | EIDP.NS | 13.42 | 4.77 | 9.90 | NULL | Strong Buy | 1 | 0.89 | 0.95 |
Dwarikesh Sugar Industries Ltd | DWAR.NS | 8.69 | 4.34 | 25.51 | 160.31 | Buy | 2 | 0.63 | NULL |
Balrampur Chini Mills Ltd | BACH.NS | 18.08 | 11.12 | 14.38 | 24.60 | Strong Buy | 5 | 0.81 | 0.86 |
* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell
** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT
JANUARY-MARCH STOCK PERFORMANCE
-- All data from LSEG IBES
-- $1 = 85.2940 Indian rupees
Dalmia Bharat Sugar-Jan-March
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