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Earnings Call

Sula Vineyards Earnings Call: Key Takeaways

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.

Why this was an Alfa AlertNot a filter event. Results showed a recovery in Q4 but overall annual revenue declined 2% YoY.
Highlights
Revenue growthQ4 revenue grew 7% YoY to ₹142 crores.
MarginsGross margin impacted by 350-400 bps due to higher wine grape mix.
Demand visibilityVisible improvement in Maharashtra and Karnataka; robust growth in UP and Kerala.
Management confidenceOptimistic for FY27 based on 4 months of consecutive growth momentum.

Growth

FY26 revenue fell 2% to ₹596cr. Wine Tourism grew 20% YoY, crossing ₹100cr revenue landmark.

Outlook

Focus on Wine Tourism capex (3x winery capex); acquiring Chandon's 19-acre estate; target 200+ resort keys.

Risks

Higher blended grape costs impacting gross margins; unsustainable discounting by competitors in lower-tier segments.

Source

Earnings Call filed with BSE, NSE: SULA. Summary written with AI assistance from the document.

Read the document ↗

Sula Vineyards Ltd: key numbers

Share price
₹135.13
Market cap
₹1,141 Cr
Revenue (annual)
₹555.9 Cr
Net profit (annual)
₹25.65 Cr
P/E (TTM)
46.1×Sector 29.0×
Promoter holding
24.62%+0.07% QoQ
FII holding
0.68%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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18:29 IST BSE
Annual General Meeting

Sula Vineyards Annual General Meeting

Sula Vineyards seeks shareholder approval via Postal Ballot for the appointment and remuneration of Mr. Chaitanya Rathi as a Non-Executive Non-Independent Director.