DWARKESHNSEQ1 FY26August 7, 2025

Dwarikesh Sugar Industries Limited

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Key numbers — 40 extracted
3.04 million
Pictures of our facilities ... 22  The global sugar market is now projected to post a surplus of 3.04 million tons for the 2025-26 season, according to the latest forecast from StoneX. The surplus for 2026-27
2.22 million
25-26 season, according to the latest forecast from StoneX. The surplus for 2026-27 is estimated at 2.22 million tons. Following a deficit in the 2024-25 season, the next two seasons are expected to see surpluses
80 million
ues to play a central role in global sugar supply dynamics. Regional output is forecast to approach 80 million tonnes, up 12% year-on-year. In India, rainfall has been 7% above average, supporting a robust crop
12%
role in global sugar supply dynamics. Regional output is forecast to approach 80 million tonnes, up 12% year-on-year. In India, rainfall has been 7% above average, supporting a robust crop outlook.  In
7%
output is forecast to approach 80 million tonnes, up 12% year-on-year. In India, rainfall has been 7% above average, supporting a robust crop outlook.  In recent months, international sugar prices ha
26.1 million
on.  India’s net domestic sugar production for the 2024–25 sugar season (SS 2025) is estimated at 26.1 million metric tons (MT), marking a notable decline from the previous season. Production in Maharashtra and
13.3 million
owever, both states are now expected to show strong recoveries. Maharashtra is projected to produce 13.3 million MT (gross), reflecting a substantial increase over the previous season. Similarly, Karnataka’s gros
6.6 million
stantial increase over the previous season. Similarly, Karnataka’s gross production is estimated at 6.6 million MT, also a significant improvement year- on-year. The closing stock as of September 30, 2025, is pr
5.5 million
icant improvement year- on-year. The closing stock as of September 30, 2025, is projected at around 5.5 million MT—well below the 8 million MT recorded on the same date in 2024.  Based on the above factors, th
8 million
r. The closing stock as of September 30, 2025, is projected at around 5.5 million MT—well below the 8 million MT recorded on the same date in 2024.  Based on the above factors, the Indian Sugar Mills Associa
rs,
illion MT—well below the 8 million MT recorded on the same date in 2024.  Based on the above factors, the Indian Sugar Mills Association (ISMA) has released its preliminary estimates for the 2025–26 sug
34.9 million
leased its preliminary estimates for the 2025–26 sugar season, projecting gross sugar production at 34.9 million metric tons (MT), with a potential upward bias. ISMA expects diversion of 3.4 million tons of sugar
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