Renuka Sugars posts operating loss as interest weighs on Q1
The consolidated loss came despite Rs 2,120.2 cr revenue; a Rs 182.0 cr interest charge pushed pre-tax loss to Rs 315.9 cr.
Filed 05 Aug 2026, 17:29 IST · after market close · Shree Renuka Sugars Ltd (RENUKA)
Key takeaways
- Shree Renuka Sugars reported a consolidated operating loss of Rs 76.3 cr on Rs 2,120.2 cr revenue, resulting in a -3.60% operating margin.
- Interest expense of Rs 182.0 cr widened the operating loss into a pre-tax loss of Rs 315.9 cr.
- The -3.60% operating margin was 19.58 percentage points below the 15.98% median for 28 reported FMCG peers, placing the company at the bottom of the comparison.
Price around the results
Revenue did not convert into operating profit
Revenue of Rs 2,120.2 cr was insufficient to cover Rs 2,196.5 cr of expenses, leaving the company with a Rs 76.3 cr operating loss. The resulting -3.60% operating margin shows that the pressure was already visible before interest and depreciation.
Interest burden dominated the loss
The Rs 182.0 cr interest charge widened the loss from operations to a pre-tax loss of Rs 315.9 cr, while depreciation added a further Rs 68.7 cr charge. A tax credit of Rs 64.4 cr, reflected in the reported 20.39% tax rate, reduced the net loss to Rs 251.5 cr; other income of Rs 11.1 cr was not a meaningful offset.
Operating margin was weakest among 28 reporting peers
Against the 15.98% median operating margin for 28 FMCG peers that had reported the same quarter, Renuka Sugars was lower by 19.58 percentage points. Its position at rank one from the bottom highlights the extent of the operating shortfall relative to the sector.
Results came after market close
The company filed these consolidated results after market close, so the stock's immediate response is not covered here.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹2,120 cr |
| Other income | ₹11 cr |
| Expenses | ₹2,197 cr |
| Operating profit | ₹-76 cr |
| Operating margin (%) | -3.60% |
| Interest | ₹182 cr |
| Depreciation | ₹69 cr |
| Profit before tax | ₹-316 cr |
| Tax | ₹-64 cr |
| Net profit | ₹-252 cr |
| EPS (₹) | ₹-1.18 |
Operating margin of -3.60% compares with a Fast Moving Consumer Goods sector median of 15.98% across 28 peers that have reported Q1FY27.
What to watch
- Whether operating margin improves from -3.60%.
- Whether interest expense falls from Rs 182.0 cr.
- Whether net loss narrows from Rs 251.5 cr.