Davangere Sugar gains over 7% on ethanol-blending and distillery expansion outlook
Davangere Sugar Company shares rose above 7% as expectations around higher ethanol blending supported its integrated sugar, ethanol and cogeneration growth plans. FY26 revenue increased 11.1% year on year to ₹238.77 crore.
What happened
Davangere Sugar Company Ltd · Davangere Sugar shares rose over 7%, aided by expectations of higher ethanol blending and planned distillery expansion. FY26
Key facts
- Share price opened at ₹2.15
- Intraday high ₹2.29
- Over 7% gain
- Government ethanol-blending target: 22%
- Current ethanol blending: 13-14%
What changed
Davangere Sugar shares rose over 7%, aided by expectations of higher ethanol blending and planned distillery expansion. FY26 revenue increased 11.1% to ₹238.77 crore as the company pursues integrated sugar, ethanol and cogeneration growth.
Why this matters
Davangere Sugar’s ethanol-blending tailwind and distillery expansion outlook strengthen the case for optimizing integrated sugar, ethanol and cogeneration capacity as FY26 revenue rose 11.1% to ₹238.77 crore.
What to watch
- Government ethanol-blending target updates, procurement prices and feedstock-diversion permissions.
- Oil marketing company ethanol tender volumes, allocation outcomes and payment timelines.
- Distillery commissioning milestones, nameplate capacity and actual utilization rates.
- Sugarcane acreage, monsoon progress, cane recovery rates and regional crushing volumes.
- Sugar prices versus ethanol realizations and the company's disclosed diversion mix.