Sula Vineyards
Q2 FY27 net revenue rose 4% to ₹136 Cr, EBITDA 8% to ₹27.5 Cr, net profit 34%. Premium drives growth, while gross margin fell 280bps on one-time grape costs. Management is optimistic on recovery, with deflection on…
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Earnings calls
Every Sula Vineyards earnings call we streamed: the live audio and our summary of what management said.
Q2 FY27 net revenue rose 4% to ₹136 Cr, EBITDA 8% to ₹27.5 Cr, net profit 34%. Premium drives growth, while gross margin fell 280bps on one-time grape costs. Management is optimistic on recovery, with deflection on…
Q2 FY27 net revenue rose 4% to ₹136 Cr, EBITDA 8% to ₹27.5 Cr, net profit 34%. Premium drives growth, while gross margin fell 280bps on one-time grape costs. Management is optimistic on recovery, with deflection on popular segment and Karnataka.
Gross margin recovery from Q4 FY27; EBITDA margin target 22–23% over next couple years; FY27 WIPS ~₹49–50 Cr.
Sula reported Q1FY27 revenue growth of 3% YoY to ₹121 Cr, driven by 6% growth in Elite & Premium brands and 12% growth in Wine Tourism, despite margin pressure from grape costs.
Sula reported Q4 FY26 revenue of ₹142cr (+7% YoY) driven by own-brand recovery and wine tourism. EBITDA slightly lower due to higher grape costs and one-off priors.
Sula faced a challenging Q1 with flat adjusted revenue due to soft urban demand and temporary Maharashtra spirits excise disruptions. Management remains optimistic about margin improvement in H2 FY26 as one-time impacts normalize.
Sula reported Q4FY26 revenue growth of 7.1% YoY to ₹142.6 Cr, driven by strong Wine Tourism (+17.5%) and Elite/Premium brands (+10.6%).
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.