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Zuari Industries Ltd

Q1 FY27Agricultural Food & other Products

Zuari Industries Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹275
Market cap₹782 Cr
P/E6.8
Updated24 Sept 2026
Read5 min read

What the Q1 FY27 call signalled

0 of 3 strong

RevenueModerate growth
MarginMargins steady
CapexNo capex planned

The short version

Real estate segment aims to increase Gross Development Value (GDV) from INR4,900 crores to INR10,000 crores, indicating 50% progress toward this goal. Zuari Industries expects operating segments like sugar, power, and ethanol to resume robust performance in the next season, with no reason they shouldn't sustain or improve results.

From Zuari Industries Ltd's Q1 FY27 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Moderate growth
  • Real estate segment aims to increase Gross Development Value (GDV) from INR4,900 crores to INR10,000 crores, indicating 50% progress toward this goal. Focus on launching and succeeding in projects in Hyderabad and Bangalore with several deals in the pipeline.
  • Sugar division anticipates robust cane production in the command area if weather and disease factors remain favorable, with expectations to sustain or improve previous season's operational performance.
  • Ethanol business is currently stable but expansion plans are on hold due to overcapacity; future growth depends on government policies on blending and tender outcomes expected around October.
  • Engineering and construction are in early growth stages; real estate is expected to provide primary momentum.

2 more points management made on revenue & sales performance

Profitability & Margins

See what Zuari Industries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

No capex planned
  • Ethanol business capex plans are currently on hold due to significant overcapacity in the market; expansion will be considered only if there is a substantial increase in ethanol blending percentage or government policy changes.
  • The company is open to acquisitions in the sugar segment if worthwhile opportunities arise.
  • Real estate is identified as the primary growth area with ongoing and upcoming projects in Hyderabad and Bangalore; the aspiration is to reach a Gross Development Value (GDV) of INR10,000 crores.
  • Engineering and construction (Simon India) is a fledgling business expected to grow over the long term, with digitalization and AI initiatives underway to improve efficiency.

2 more points management made on capital expenditure plans

Top-ranked in Agricultural Food & other Products

Ranked on what management guided this quarter

5x potential
Rev 1Mar 2
Rev 1Mar 3
3
Rev 2Mar 1
4
Rev 2Mar 1
5
Rev 2Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Zuari Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Zuari Industries currently has an order book of approximately INR 6,000 crores.
  • The company plans to launch projects in Hyderabad and Bangalore in the next month.
  • The gross development value (GDV) of projects in hand is around INR 4,900 crores.
  • The management aspires to achieve a GDV of INR 10,000 crores, indicating they are halfway toward this goal.
  • Focus remains on launching and successfully executing current projects before closing further deals.
  • New deals in the pipeline primarily focus on South India through an asset-light, investment-light DM model.

2 more points management made on order book & pipeline

Zuari Industries Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹284 Cr, net loss ₹32 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Zuari Industries Ltd Q1 FY27 results?

Real estate segment aims to increase Gross Development Value (GDV) from INR4,900 crores to INR10,000 crores, indicating 50% progress toward this goal. Zuari Industries expects operating segments like sugar, power, and ethanol to resume robust performance in the next season, with no reason they shouldn't sustain or improve results.

What is Zuari Industries Ltd share price analysis?

Zuari Industries Ltd currently shows a below-average growth signal. The stock trades at a P/E of 6.8 with a market cap of ₹782 Cr. Investors should review the full earnings analysis for detailed insights.

Is Zuari Industries Ltd planning capital expenditure?

Ethanol business capex plans are currently on hold due to significant overcapacity in the market; expansion will be considered only if there is a substantial increase in ethanol blending percentage or government policy changes.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.