| 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
- ₹282.90
- Market cap
- ₹842.5 Cr
- Revenue (annual)
- ₹1,045 Cr
- Net profit (annual)
- ₹108.0 Cr
- P/E (TTM)
- 7.8×Sector 28.6×
- 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 Other Announcement
Zuari Industries Limited has issued a notice to unregistered shareholders regarding the availability of the 58th AGM notice and Annual Report 2025-26.
Zuari Industries Annual Report
Zuari Industries Limited has released its Annual Report for FY 2025-26 and the notice for its 58th Annual General Meeting scheduled for September 21, 2026.
Zuari Industries Annual General Meeting
Zuari Industries Limited will hold its 58th AGM on September 21, 2026. The company fixed September 14, 2026, as the record date for dividend eligibility.