Sugar mills to report 5-8% revenue growth in FY26 on better cane supply: ICRA Report
The Hindu
ICRA projects integrated sugar mills will see 5-8% revenue growth in FY26 due to improved cane supply and stable prices.
Integrated sugar mills are likely to see moderate revenue growth of 5-8% in FY26, driven by improved sugarcane availability and stable sugar prices, a report said on Friday (March 13, 2026).
However, margins are likely to remain broadly stable as cane prices have increased, while ethanol prices have remained largely stagnant, rating agency ICRA said in the report.
For SY2026, the Fair and Remunerative Price (FRP) for sugarcane has been increased by ₹15 to ₹355 per quintal for a basic recovery rate of 10.25%.
ICRA expects the operating margins of integrated sugar mills to remain range-bound at around 10-10.5% in FY26 compared to 9.6% in the previous year.
The revenue growth for integrated sugar mills is projected to remain moderate at 5-8% in FY26, supported by higher cane availability and stable sugar prices, the rating agency said.
ICRA also noted that borrowings of its sample set are likely to moderate in FY26, supported by profit accretion and repayment of distillery loans, which is expected to keep the capital structure comfortable and improve coverage metrics.
The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.
NHAI raises annual pass fee to ₹3,075 from April 1, 2026, streamlining toll payments for FASTag users.
The U.S. probes forced labour in global supply chains, scrutinizing China and India's exports, warns the Global Trade Research Initiative.
The Hindu collection of images of the LPG crisis: War lights a kitchen fire
The company, which launched its IPO in 2020, is now listed on the National Stock Exchange as well as the Bombay Stock Exchange.
Explore the Essential Commodities Act's role in addressing India's gas crisis and its impact on various sectors.
Star Health Insurance plans to boost AI-driven claim settlements from 20% to 50% within two years, investing heavily in technology.
The iron ore production has increased by nearly two-thirds since 2015
Benchmark indices fell 2% as high crude oil prices and FII selling pressures impacted market sentiment on March 14, 2026.
Follow The Hindu LIVE for updates on LPG crisis and crude oil prices due to the escalating Iran-Israel war in West Asia.
ICRA projects integrated sugar mills will see 5-8% revenue growth in FY26 due to improved cane supply and stable prices.
Benchmark indices fell 2% as high crude oil prices and FII selling pressures impacted market sentiment on March 14, 2026.
Tecumseh Products plans to introduce new compressor platforms in India, targeting significant growth and enhanced energy efficiency in refrigeration.