DWARKESHNSEJanuary 30, 2024

Dwarikesh Sugar Industries Limited

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Key numbers — 40 extracted
1.5 million
obal the projected sugar surplus for the 2023-24 period has witnessed a notable increase, rising by 1.5 million metric tons as compared to the October estimate, reaching a total of 4.74 million metric tons. Thi
4.74 million
crease, rising by 1.5 million metric tons as compared to the October estimate, reaching a total of 4.74 million metric tons. This upward revision is attributed to a combination of factors, including elevated pr
rs,
ng a total of 4.74 million metric tons. This upward revision is attributed to a combination of factors, including elevated production levels and decreased consumption. Brazil has played a significant rol
193 million
n this shift, with increased production. Global production outlook for the year is now adjusted to 193 million tons. Current estimates suggest that Brazil is poised to achieve a record-breaking sugar productio
40 million
rent estimates suggest that Brazil is poised to achieve a record-breaking sugar production of over 40 million tons. Despite this promising forecast, logistical challenges in Brazil may impede trade flows from
32 million
. The Sugar Season (SS) for 2023-24 in India began with an initial estimate of sugar production at 32 million tons, accounting for a sacrifice of more than 4 million tons for ethanol production. However, the
4 million
an initial estimate of sugar production at 32 million tons, accounting for a sacrifice of more than 4 million tons for ethanol production. However, the rapid onset of the El-Nino phenomenon had discernible e
Rs. 4000
. In the early part of the recently concluded quarter, sugar prices surged, reaching approximately Rs. 4000 per quintal. The anticipated shortage in sugar production prompted the Central Government to take m
1.7 million
ol produced from grains. This strategic move aims to restrict the sacrifice of sugar production to 1.7 million tons while concurrently boosting overall sugar production. Contrary to initial expectations of a w
1 million
ast two weeks, estimates for sugar production in 2023-24 have been revised upward by approximately 1 million to 1.5 million metric tons, reflecting the changing scenario AISTA, has recently estimated that su
2 million
ario AISTA, has recently estimated that sugar production of SS 2023-24, net of diversion of around 2 million tons for ethanol, is likely to be around 31.6 million tons. ISMA is also likely to revise it produ
31.6 million
uction of SS 2023-24, net of diversion of around 2 million tons for ethanol, is likely to be around 31.6 million tons. ISMA is also likely to revise it production estimate soon. Considering the positive trend in
Guidance — 1 items
Diamond Pass
opening
Despite this promising forecast, logistical challenges in Brazil may impede trade flows from the country, thereby providing support to global sugar prices.
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Risks & concerns — 3 flagged
The persisting El Niño conditions pose a significant concern, not only affecting the sugar crops in the 2023-24 season, but also raising fears that the damage could extend into the Sugar Season (SS) of 2024-25.
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Concerns over the impact of the current El Niño weather pattern, coupled with India's sugar export ban, are contributing to a decreased availability in the global sugar trade.
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This decline in production, particularly in a major sugar-producing country like India & Thailand, is adding upward pressure on sugar prices.
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Speaking time
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Opening remarks
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Diamond Pass Registration (choruscall.in) Earnings Call Investor Presentation Table of contents Sector outlook Business overview Financial performance Operational trends Pictures of our facilities 05 07 12 17 25 SECTOR OUTLOOK According to the latest report from S&P Global the projected sugar surplus for the 2023-24 period has witnessed a notable increase, rising by 1.5 million metric tons as compared to the October estimate, reaching a total of 4.74 million metric tons. This upward revision is attributed to a combination of factors, including elevated production levels and decreased consumption. Brazil has played a significant role in this shift, with increased production. Global production outlook for the year is now adjusted to 193 million tons. Current estimates suggest that Brazil is poised to achieve a record-breaking sugar production of over 40 million tons. Despite this promising forecast, logistical challenges in Brazil may impede trade flows from the country, thereby providin
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