Dhampur Bio Organics Reports Mixed Q3 FY26 Performance with Improved Sugar Margins
Dhampur Bio Organics Limited reported Q3 FY26 results showing improved sugar segment margins at 11.26% versus 3.11% year-on-year, despite 20.50% revenue decline to ₹376.44 crores. The biofuels & spirits segment achieved positive EBIT margin of 3.16% with revenue of ₹83.02 crores, while country liquor maintained steady 16.17% margins. The company operates 29,500 TCD sugarcane crushing capacity and 95.5 MW renewable energy capacity across three manufacturing facilities, focusing on value-added sugar production and bio-energy operations.

*this image is generated using AI for illustrative purposes only.
Dhampur Bio Organics Limited has released its investor presentation detailing Q3 FY26 financial performance and operational highlights. The leading cane processing company, with nine decades of experience, operates through three strategically located manufacturing facilities in Asmoli, Mansurpur, and Meerganj, focusing on value-added sugar manufacturing and bio-energy production.
Financial Performance Overview
The company's Q3 FY26 results demonstrate mixed performance across business segments. The sugar segment showed remarkable margin improvement despite revenue challenges, while other segments maintained relatively stable operations.
Sugar Segment Performance
The sugar segment delivered significant margin expansion during Q3 FY26:
| Metric: | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Revenue: | ₹376.44 cr | ₹473.51 cr | -20.50% |
| EBIT: | ₹42.37 cr | ₹14.72 cr | +187.84% |
| EBIT Margin: | 11.26% | 3.11% | +815 bps |
Sugar production increased to 1,37,654 tons from 1,01,401 tons year-on-year, while average realisation improved to ₹41,316 per ton compared to ₹38,714 per ton in Q3 FY25. Sugar sales volume declined to 73,282 tons from 89,252 tons in the corresponding previous period.
Biofuels & Spirits Segment
The biofuels & spirits segment reported the following performance:
| Parameter: | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Revenue: | ₹83.02 cr | ₹91.72 cr | -9.49% |
| EBIT: | ₹2.62 cr | ₹(0.88) cr | Positive |
| EBIT Margin: | 3.16% | (0.96)% | +412 bps |
Ethanol production reached 14.45 million BL compared to 15.60 million BL in Q3 FY25, with average realisation at ₹61.99 per BL versus ₹64.02 per BL in the previous year.
Country Liquor Operations
The country liquor segment maintained steady performance with revenue of ₹28.94 crores and EBIT margin of 16.17%. Sales volume reached 11,47,686 cases with average realisation of ₹281.72 per case (net of excise duty).
Manufacturing Capacity and Infrastructure
Dhampur Bio Organics operates comprehensive manufacturing facilities with the following capacities:
| Facility: | Asmoli Plant | Mansurpur Plant | Meerganj Plant | Total |
|---|---|---|---|---|
| Sugarcane Crushing (TCD): | 12,500 | 8,000 | 9,000 | 29,500 |
| Sugar Refinery (TPD): | 1,100 | 900 | - | 2,000 |
| Renewable Energy (MW): | 43.5 | 33 | 19 | 95.5 |
| Bio-Fuels & Spirits (LPD): | 3,12,500 | - | - | 3,12,500 |
The company also produces pharma grade sugar with 700 TPD capacity at the Asmoli plant, approved by Food Safety & Drug Administration authority, and operates domestic spirits production capacity of 8.0 million cases per year.
Nine-Month Performance Highlights
For the nine-month period FY26, the sugar segment achieved revenue of ₹1,319.74 crores with EBIT margin of 2.98%, while biofuels & spirits generated ₹306.22 crores revenue. The country liquor segment contributed ₹86.36 crores with EBIT margin of 15.88%.
Market Position and Strategy
The company continues positioning itself as a value-added sugar manufacturer and bio-energy company, with revenue contribution shifting towards non-sugar segments. The current revenue mix shows 82% from sugar and 18% from non-sugar segments, including biofuels & spirits and country liquor operations. Dhampur Bio Organics maintains its focus on enhancing production of niche, processed and value-added sugar products while moderating exposure to conventional sugar commodity price risks.
Historical Stock Returns for Dhampur Bio Organics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.25% | +2.10% | +25.74% | +27.17% | +14.16% | -39.96% |


































