The downward revision has been made due to a fall in sugar output in Maharashtra, which accounts for more than one third of the country’s sugar output.
Speaking to CNBC-TV18, Gaurav Goel, managing director, Dhampur Sugars, said that the average price for the sugar segment in this quarter is about Rs 29 per kilogram and world market prices will not have too much of an impact on the company profit in the coming two quarters.