Kathmandu: Everest Sugar Chemical Industries (ESCIL), established in 1993 and located in Gaushala, Mahottari, has experienced a 35 percent decrease in its business in 2025 compared to 2024.
The company’s trade declined from Rs 3.32 billion in 2024 to Rs 2.15 billion in 2025. Earlier, the company recorded trading figures of Rs 1.33 billion in 2023 and Rs 1.37 billion in 2022.
ESCIL processes 5,500 metric tons of sugarcane daily, producing both regular and sulfur-free sugar. The company is owned by the Saraf and Agrawal families.
The major reason for the reduced business in 2025 was a scarcity of sugar in informal markets caused by a reduction in sugar imports from India. The company has a credit rating for loans amounting to Rs 306.7 crore. Despite the drop in revenue, ESCIL posted a net profit margin of 12.66 percent in 2025, down from 16.22 percent in 2024, with profit margins affected by increased sugar prices.
In Nepal, sugar supply is traditionally supported by the public sector, with Salt Trading Corporation importing sugar from India for distribution. The government has implemented policies to support sugarcane farmers, but has raised import duties on sugar from 15 percent to 30 percent as part of the current fiscal year’s budget. Meanwhile, subsidies to sugarcane farmers have been halved from Rs 70 to Rs 35 per quintal.
This reduction in farming incentives and increased import taxes reflect government efforts to protect local sugar producers but also create challenges related to input costs and market dynamics for ESCIL and sugarcane farmers in Nepal.
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