India's Dalmia Bharat Sugar drops after quarterly profit halves

Dalmia Bharat Sugar And Industries

06/05/2026 05:28

** Shares of Indian sugar manufacturer Dalmia Bharat Sugar and Industries DLMI.NS fall 4.1% to 386.2 rupees

** Co reported fourth-quarter profit down 49.5% y/y; rev down 2.7% y/y

** DAM Capital ("buy", PT 450 rupees) notes fall in operating profit due to increase in cost of production for sugar mills in Uttar Pradesh; dip in distillery volumes by 4%

** DMLI up 28.75% YTD

 (Reporting by Abhirami G in Bengaluru)

 ((abhirami.g@thomsonreuters.com))