Gujarat Ambuja Exports to Invest ₹333 Crore in New Hubli Corn Wet Milling Plant
The company is an agro-processing company primarily engaged in the processing of maize and manufacturing value-added products such as corn starch derivatives, sweeteners and feed ingredients. The company also has businesses in soya derivatives, edible oils, cotton yarn and renewable energy.
The shares of Gujarat Ambuja Exportsare currently trading at Rs. 166.23,down by 0.10%. The company has a market capitalization of Rs. 7,624.48 crore. The stock’s 52 week high is Rs. 184.99 and its 52 week high is Rs. 101.20. In the past six months the stock has delivered a return of 25.99%.
What’s the News
Gujarat Ambuja Exports Limited has announced plans to set up a new 850 TPD greenfield corn wet milling plant at Hubli, Karnataka, subject to the necessary regulatory approvals and clearances. The proposed facility will be established adjacent to the company’s existing 750 TPD corn wet milling plant at the location.
The company plans to invest Rs. 333 crore in the project, which will be funded entirely through internal accruals. The facility is expected to be commissioned by Q4 FY2029.
Capacity and Product Details
The suggested production plant with a production capacity of 850 TPD will produce 400 TPD of corn starch, 150 TPD of sweeteners and 300 TPD of feed ingredients. It would aid the firm in diversifying its range of products among various corn products.
Post-completion of the project, the total capacity of production for the Hubli plant would become 1,600 TPD, consisting of 700 TPD of corn starch, 400 TPD of sweeteners and derivatives and 500 TPD of feed ingredients.
Long-Term Capacity Expansion
The Hubli project is part of Gujarat Ambuja Exports’ broader expansion strategy. The company currently has 5,600 TPD of corn wet milling capacity and plans to increase its overall capacity to 9,000 TPD by 2030. The latest 850 TPD addition therefore represents an important step towards this long-term target.
The expansion is also expected to strengthen the company’s integrated manufacturing capabilities and presence in domestic and international markets. Gujarat Ambuja Exports describes itself as India’s largest maize processing company.
Why Is This Important for Investors
The key positive from the announcement is that Gujarat Ambuja Exports is adding meaningful processing capacity while funding the project through internal accruals. This reduces the immediate requirement for external debt for the project and allows the company to expand its manufacturing footprint using internally generated funds.
However, the financial benefit will come over the longer term, as the plant is currently targeted for commissioning only by Q4 FY2029 and remains subject to regulatory approvals. Investors will therefore need to track project execution, capacity utilisation and demand for starch, sweeteners and feed ingredients as the new capacity comes online.
Financial performance
Looking at the quarterly results of Gujarat Ambuja Exports Limited, the company’s consolidated revenue from operations increased by 23.47% YoY, from Rs. 1,291.23 crore in Q1 FY26 to Rs. 1,594.22 crore in Q1 FY27, and grew by 8.71% QoQ from Rs. 1,466.51 crore in Q4 FY26.
Gujarat Ambuja Exports generated around 68.05% of its revenue from the Maize Processing Division, while Other Agro Processing contributed around 30.33% of revenue in Q1 FY27. The Spinning and Renewable Power divisions contributed the remaining revenue.
In Q1 FY27, Gujarat Ambuja Exports’ consolidated net profit increased by 171.87% YoY, reaching Rs. 176.77 crore compared to Rs. 65.02 crore during the same period last year. As compared to Q4 FY26, the net profit increased by 30.63%, from Rs. 135.32 crore.
The basic earnings per share increased by 171.13% and stood at Rs. 3.85, as against Rs. 1.42 recorded in the same quarter of the previous year, FY2026. On a QoQ basis, EPS increased from Rs. 2.95 in Q4 FY26.
Company Overview
Gujarat Ambuja Exports Ltd is an agro-based company that undertakes the processing of maize along with other agricultural products. The company’s operations encompass corn wet milling and value-added product manufacturing, which include production of starch, sweeteners and feed products.
The company is increasing its footprint in corn processing operations as per its capacity expansion and presence building strategy for both domestic and international markets. Expansion of the corn wet milling operations at Hubli will be yet another step toward achieving its goal of having 9,000 TPD of corn wet milling capacity by 2030.
