There has been a turnaround in functioning of all sugar companies this quarter because of the change in the fundamentals of sugar balance sheet, both globally and domestically, N Ramanathan, Managing Director of Ponni Sugars told CNBC-TV18. He said the company has been able to crush more sugarcane and improve sugar production this year. This, along with an improvement in realisation as well as sales volumes, has boosted both topline and bottomline. Ramanathan expects sugar to do well for another year. "Sugar prices, from what they are, can improve by another couple of rupees"," he said.
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