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Dwarikesh Sugar Q1 Review – Distillery Volumes To Grow Three Times By 2024: ICICI Direct

Dwarikesh Sugar Industries Ltd. reported strong profit growth in Q1 FY22.

Revenue saw de-growth of 10.9% during the quarter mainly on account of lack of exports.

The company received additional export quota in base quarter due to the re-allocation.

In the last sugar season, Dwarikesh Sugar exported 1.2 lakh tonnes of sugar whereas in the current sugar season (2020-21), it has exported 0.8 litre, which was exhausted in the last quarter.

Sugar segment sales declined 22% due to lower exports. Domestic sugar sales quota was 96,380 tonne in Q1.

Distillery sales grew to three times to 1.1 crore litre with the scale up capacity utilisation, higher proportion of B-heavy ethanol.The above news was originally posted on www.bloombergquint.com

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Sugar Times Teamhttps://www.sugartimes.co.in
The Sugar Times Editorial Team is a group of experienced journalists, analysts, and industry experts dedicated to providing in-depth coverage and insights on the global sugar industry. With years of experience in agriculture, trade, sustainability, and market trends, the team brings a wealth of knowledge and expertise to every article they produce.Focused on delivering accurate, timely, and relevant news, the Sugar Times Editorial Team aims to keep industry professionals, stakeholders, and enthusiasts informed on key developments in sugar production, trade policies, innovations, and sustainable practices. Their collective goal is to help readers navigate the complexities of the sugar sector and stay ahead of emerging trends shaping the future of the industry.You may submit your article on info@sugartimes.co.in if you have valuable contributions for the industry readers.
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