Hippo PAT jumps 79% on strong local sugar demand in FY26

HIPPO Valley Estates Limited (Hippo) has recorded a 79% increase in profit after tax to US$24,05 million for its year ended March 31, 2026, driven by strong local demand and the release of carry-over sugar stocks.

The increase is from a comparative period of US$13,44 million, underpinned by a 24% rise in sugar sales volumes during the year.

The higher sales volumes lifted revenue 15% to US$220,81 million, while Hippo maintained sugar production at 221 017 tonnes, up marginally from 219 112 tonnes in the previous year.

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