Balrampur Chini Mills Ltd (BALRAMCHIN) Q3FY26 Management Mirror - Dec-2025 Qtr
Sugar Production & Operations
Lowered (Volume Estimate): Management now projects company net sugar production at 290 lakh tonnes (gross 325 lakh tonnes less 35 lakh tonnes diversion). In Sep'25, net production for India was pegged at 31 million tonnes; the company-specific focus has sharpened on maximizing sugar over ethanol due to pricing stagnation.
Modified (Crushing Targets): The company targets crushing 10.55 crore quintals (+5-6% YoY). This is a slight moderation from the Sep'25 expectation of a 7-8% increase, though still higher than the "flattish" outlook given in Jun'25.
Reaffirmed (Recovery): Recovery is expected to improve by 0.10-0.15% due to weather, though this is a downward revision from the specific 0.2-0.3% improvement hoped for earlier in the quarter due to low sunlight.
4 more themes on the ELITE plan.