DWARKESHNSEOctober 31, 2025

Dwarikesh Sugar Industries Limited

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Key numbers — 40 extracted
2.23 million
ies ... 25 ❑ Global sugar balances are shifting, with S&P Global now projecting a surplus of about 2.23 million tons in 2025/26 and 2.32 million tons in 2026/27, following a significant deficit of over 4.5 mill
2.32 million
es are shifting, with S&P Global now projecting a surplus of about 2.23 million tons in 2025/26 and 2.32 million tons in 2026/27, following a significant deficit of over 4.5 million tons in 2024/25. In contrast,
4.5 million
million tons in 2025/26 and 2.32 million tons in 2026/27, following a significant deficit of over 4.5 million tons in 2024/25. In contrast, ISO continues to estimate a marginal deficit for 2025/26. Asia remai
80 million
6. Asia remains pivotal to global supply growth, with regional production expected to reach nearly 80 million tons—up ~12% year-on-year. In India, above-average monsoon rainfall has strengthened crop prospect
12%
otal to global supply growth, with regional production expected to reach nearly 80 million tons—up ~12% year-on-year. In India, above-average monsoon rainfall has strengthened crop prospects, contributi
26.1 million
ton. ❑ India’s net domestic sugar production for the 2024–25 sugar season (SY2025) is estimated at 26.1 million metric tons (MT), representing a notable decline from the previous season. While production in Mah
13.3 million
s, both states are now expected to rebound strongly. Maharashtra’s gross production is projected at 13.3 million MT, marking a significant increase from last year, while Karnataka’s output is estimated at 6.6 mi
6.6 million
illion MT, marking a significant increase from last year, while Karnataka’s output is estimated at 6.6 million MT, also reflecting a solid year-on-year recovery. As of September 30, 2025, closing stocks are pr
5 million
ng a solid year-on-year recovery. As of September 30, 2025, closing stocks are projected at around 5 million MT—lower than the 8 million MT of stock on same date last year ❑ Based on these developments, the
8 million
very. As of September 30, 2025, closing stocks are projected at around 5 million MT—lower than the 8 million MT of stock on same date last year ❑ Based on these developments, the Indian Sugar Mills Associat
34.9 million
eased its preliminary estimates for the 2025–26 sugar season, projecting gross sugar production at 34.9 million metric tons (MT). Of this, around 3.4 million MT is expected to be diverted for ethanol production
3.4 million
sugar season, projecting gross sugar production at 34.9 million metric tons (MT). Of this, around 3.4 million MT is expected to be diverted for ethanol production. Meanwhile, some trade bodies have projected
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