New Delhi, June 4 -- Sugar companies reported challenging earnings for the fourth quarter of FY26, with most players facing pressure on profitability amid rising costs, lower sugar realisations, and weakness across the ethanol and distillery businesses.

Balrampur Chini Mills reported a 30% year-on-year decline in consolidated net profit to Rs.159.56 crore for the March quarter, despite a 7% increase in total income to Rs.1,616.23 crore.

For the full fiscal year, the company's net profit fell to Rs.378.46 crore from Rs.436.92 crore a year earlier, highlighting the impact of higher expenses on margins.

Similarly, Dalmia Bharat Sugar and Industries saw earnings weaken during the quarter. Revenue remained largely flat at Rs.1,025 crore, wh...