Mumbai: Dalmia Bharat Sugar and Industries Limited announced its unaudited consolidated results for the quarter ended 30th June 2021.
The total income stood at Rs 823 Crore in Q1’22 as compared Rs 898 Crore to the corresponding period in the previous year. The EBITDA stood at Rs 146 Crore.
EBITDA for this quarter is lower mainly on account of lower sugar and distillery sales volumes due to COVID disruption. Cogen operations were lower because of the shorter sugar season. The distillery production for this quarter is the highest ever at 2.39 cr litres, and lower profitability on account of lower distillery sales is temporary. It will be recouped in the subsequent quarters. There is a lower export subsidy accrual in this quarter as compared to the corresponding period.
Long Term debt as on 30th June 2021 is at Rs. 283 cr with a healthy long term debt-equity ratio of 0.13.
The company has decided to foray into B2C (business-to-consumer) segment and announced the launch of its packaged sugar under the brand name “Dalmia Utsav” during last quarter and sanitizer launched in the last year is being marketed under the brand name “Dalmia Sanjeevani”.
In the initial phase, we have launched sulphur-free white crystal sugar and natural brown sugar in branded packets and sachets. Going forward, the company plans to have a pan-India presence and introduce new sugar variants along with basket of other FMCG products.