Zuari Industries Ltd (BOM:500780)

Q4 2026 Zuari Industries Ltd Earnings Call Transcript

May 26, 2026 / 08:30AM GMT

Release Date Price: ₹255.85 (+1.25%)

Transcript

Key Points

Positve

Zuari Industries Ltd (BOM:500780) achieved its highest ever sugar crushing capacity utilization at 101.7%, demonstrating strong operational performance.
The company's sugar realizations improved by 4.1% to INR4,053 per quintal, indicating better pricing power.
Ethanol production increased by 10.1%, with sales growing by 0.7%, reflecting steady momentum in the ethanol business.
Zuari Infraworld, the real estate subsidiary, is making progress with projects in Hyderabad, Kolkata, Bangalore, and Dubai, with a total GDV of INR4,900 crores.
The company reported a significant improvement in financial performance, with consolidated profit after tax standing at INR105 crores for the year, against a loss of INR94.4 crores in the previous year.

Negative

Sugar sales were slightly lower at INR14.3 lakh quintal compared to INR15.1 lakh quintal in the previous year.
The sugar recovery rate decreased to 10.26% from the previous year, affecting overall production.
Power sales were lower at 857 lakh units compared to 907 lakh units in FY25 due to operational downtime.
The macroeconomic situation and increased input prices are concerns, potentially affecting future performance.
The company faces challenges in deleveraging, with reliance on inflows from the Dubai project to reduce debt levels.

Operator

Ladies and gentlemen, good day and welcome to the Zuari Industries Limited Q4 FY26 earnings conference call hosted by MUFG Intime. (Operator Instructions) Please note that this conference is being recorded.

I will now hand the conference over to Ms. Darshni Desai from MUFG in time for opening remarks. Thank you, and over to you.

Darshni Desai

MUFG - Associate - Investor Relations

Thank you. Good afternoon, everyone, and I extend a very warm welcome to all participants on the Q4 and FY26 earnings conference call of Zuari Industries Limited.

Today on this call, we have Mr. Athar Shahab, Managing Directo; Mr. Alok Saxena, Whole-time Director; Mr. Jatin Jain, Chief Financial Officer; Mr. Yadvinder Goyal, Company Secretary; and Mr. Alok Banerjee, CEO of Zuari Infraworld India Limited, a wholly owned subsidiary and the real estate arm of Zuari Industries Limited.

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

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