Zuari Industries Reports FY26 Earnings and Operational Gains

27 May 2026 CW Team

Zuari Industries Limited reported audited results for the year ended 31 March 2026. On a standalone basis the company reported total income of Rs 9,949 million (mn) for FY26 and EBITDA of Rs 1,915 mn, up six point eight per cent from FY25. Profit before tax before exceptional items rose to Rs 541 mn, and profit after tax was Rs 121 mn compared with a loss a year earlier. On a consolidated basis total income was Rs 11.551 billion (bn) and consolidated EBITDA was Rs 1,810 mn, up 12.2 per cent.

Standalone finance costs declined to Rs 1,118 mn in FY26 while depreciation and amortisation were Rs 255 mn. Management attributed improvement to operational efficiencies and lower borrowing costs. These factors supported recovery across key businesses.

The Sugar, Power and Ethanol division recorded a Q4 crush of 9.24 mn quintals and a seasonal record of 16.37 mn quintals. Total cane crush for FY26 was 15.97 mn quintals versus 15.72 mn previously. Sugar production rose seven per cent to 0.88 mn quintals and sales rose six per cent to 0.39 mn quintals. Ethanol output increased 10.1 per cent to 37,276 KL.

Real estate progressed on The St. Regis Residences, Dubai, at around 98 per cent completion with handovers scheduled from June 2026 and reported improved EBITDA of Rs 576 mn in the quarter versus Rs 149 mn a year earlier. Simon India reported EBITDA of Rs 68 mn versus Rs nine mn and entered partnerships to boost technology. Financial services and insurance broking reported EBITDA growth of 61 per cent and 54 per cent. The bioenergy joint venture maintained orders into October 2026.

The company said it will continue to focus on strengthening operations, maintaining financial discipline and pursuing sustainable long term growth through better capacity utilisation and execution. A safe harbour note warned that forward looking statements are subject to risks and uncertainties that could affect outcomes.

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