Balrampur Chini Mills Limited (BCML) delivered a strong performance in the September quarter, with consolidated total comprehensive income surging 81.6% year-on-year to Rs 104.06 crore, powered by higher sugar volumes and improved realisations.
The company's consolidated revenue from operations rose 12.3% to Rs 1,876.28 crore in Q2FY27, compared with Rs 1,670.76 crore in the corresponding quarter last year. EBITDA, excluding other income, jumped 42.4% to Rs 171.40 crore from Rs 120.40 crore.
The sugar segment emerged as the key growth driver, with its profit before interest and tax (PBIT) soaring 166% to Rs 140.75 crore during the quarter.
For the first half of FY27, consolidated revenue increased 9.3% to Rs 3,513.07 crore, while EBITDA climbed 12% to Rs 285.33 crore. Total comprehensive income rose 35.8% to Rs 147.58 crore.
The board also declared an interim dividend of Rs 4 per equity share of Re 1 each, representing a payout of 400%.
Commenting on the performance, Vivek Saraogi, Chairman and Managing Director of Balrampur Chini Mills Limited, said: “The Company delivered a strong performance during a seasonally weak quarter. Strong volume coupled with improved realisation resulted Sugar segment PBIT to increase by 166% to Rs.140.75 crores during Q2FY27 as compared to corresponding quarter in last year. The improvement in sugar realisations, supported by firm domestic prices, also helped offset the cost pressures arising from the ongoing West Asia crisis."
He added: "While the 2025–26 sugar season concluded with carryover stocks of ~ 3.6 MMT, providing an initial cushion for domestic availability, the gradual increase in sugar consumption, coupled with an expected decline in sugar production in 2026–27 season, is likely to keep the overall supply-demand balance relatively tight.
"Production prospects in Maharashtra and Karnataka have been adversely affected by deficient monsoons and drought-like conditions, while Uttar Pradesh is expected to remain relatively stable, supported by better irrigation infrastructure. These factors are expected to lend support to domestic sugar prices. However, the Government has taken various measures to ensure adequate availability and contain sharp price movements, including permitting duty-free imports of 1 MMT of raw sugar."
Looking ahead, the company expects domestic sugar prices to draw support from a tighter supply-demand balance in the 2026–27 season. While the previous season ended with carryover stocks of approximately 3.6 million tonnes, rising consumption and lower production expectations could tighten availability.
