Revenue and Profitability Trends
Zuari Industries’ net sales have shown a generally upward trend over the past six years, rising from approximately ₹774 crores in March 2019 to ₹970 crores in March 2025. Despite this growth, the company’s profitability has been inconsistent. Operating profit before other income (PBDIT excl. other income) improved from a negative ₹18.4 crores in 2019 to a positive ₹49.1 crores in 2025, reflecting operational progress. However, the inclusion of other income, which has been substantial and fluctuating—peaking at over ₹229 crores in 2024—has significantly influenced overall operating profit.
Interest expenses have consistently weighed on earnings, rising from ₹113 crores in 2019 to ₹262 crores in 2025, contributing to negative gross profit...
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