Dalmia Bharat Sugar Q4 Results Review: Higher Exports Lead Revenue Growth: ICICI Direct

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..DBS revenue witnessed growth of 34.2% led by sugar segment sales growth of 17.4% and distillery sales growth of 27.6%. The 17.4% growth in sugar sales was led by 28% growth in sugar sales volume to 1.92 lakh tonnes mainly on account of higher exports during the quarter. We believe sugar realisation also would have inched up mainly due to higher sugar export realisation (contracted by | 38-40/kg). Distillery sales growth of 27.6% was led by 41% growth in ethanol volumes to 5.84 crore litre. Distillery volumes were aided by completion of distillery capex earlier in year. The company sold 17.23 crore litre of ethanol in FY23..DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Dalmia Bharat Sugar Q4 Results Review: Higher Exports Lead Revenue Growth: ICICI Direct