Zuari Industries Ltd (BOM:500780)

Q2 2026 Zuari Industries Ltd Earnings Call Transcript

Nov 14, 2025 / 06:00AM GMT

Release Date Price: ₹339.25 (-1.95%)

Transcript

Key Points

Positve

Zuari Industries Ltd (BOM:500780) commenced sugarcane crushing earlier than ever before, indicating improved operational efficiency.
Ethanol production increased by 44% in the second quarter, showcasing enhanced capacity utilization.
The company achieved a significant reduction in finance costs, saving INR 3 crores in the quarter and INR 6.3 crores for the half-year.
Zuari Infraworld's real estate projects are nearing completion, with the St. Regis Dubai project expected to contribute significantly to future profits.
The company is actively pursuing debt reduction strategies, with plans to use profits from the Dubai project for deleveraging efforts.

Negative

Sugar sales volume decreased due to lower government quota allocation, impacting revenue.
The increase in sugarcane prices to INR 400 per quintal may affect profit margins if not offset by higher sugar prices.
Zuari Finserv's income slightly decreased due to stock market fluctuations.
The furniture division continues to incur losses, with ongoing costs for maintaining the factory and land.
The company faces challenges in the ethanol sector, including stagnant procurement prices and rising corn costs, which could impact profitability.

Operator

Ladies and gentlemen, good day and welcome to Q2 FY26 earnings conference call of Zuari Industries Limited. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Ms. Darshni Desai from MUFG Intime, their investor relations. Thank you and over to you ma'am.

Darshni Desai

MUFG Intime - Investor Relations

Thank you. Good morning, everyone, and I extend a very warm welcome to all participants on Q2 FY26 earnings conference call of Zuari Industries Limited. Today on this call, we have Mr. Athar Shahab, Managing Director, Mr. Nishant Dalal, Chief Financial Officer, and Company Secretary, Mr. Yadvinder Goyal. Before we begin this call, I would like to give a short disclaimer: This call may contain some forward-looking statements which are completely based upon our beliefs, opinions, and expectations as of today. These statements are not guarantees of our future performance and involve unforeseen risks and uncertainties.

With this, I hand over the call to Athar Shahab-ji. Over to you sir. Thank

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