| Revenue growth | Net revenue +4% YoY; own brands +3% |
|---|---|
| Margins | Gross margin 66.2% (-278 bps); EBITDA margin 20.3% (+85 bps) |
| Demand visibility | Wine tourism strong; resort occupancy 66%, 73% ex-Haven |
| Management confidence | Expects strong FY27 close; margin pressure seen as temporary |
Growth
Net revenue +4% YoY; EBITDA margin 20.3% (+85 bps); wine tourism revenue +24%; gross margin down 278 bps to 66.2%.
Outlook
Margin normalisation from Q1 FY28; 35-key hotel by Q4 FY28; wine RTDs launch Q3 FY27; volumes expandable 80-85% without capex.
Risks
Higher blended grape cost compressing gross margin; economy portfolio down 16.4%; wine tourism occupancy down to 66%.
Last quarter's promises, checked
Delivered
- Wine tourism 'continued double-digit growth' → +23.7% (= BEAT)
- EBITDA margin back to last year's level 'shortly' → 20.3%, +85 bps YoY (= BEAT)
Partly delivered
- Profit to improve 'over the course of the year' → EBITDA +8%, PAT +34%, gross margin -278 bps (= PARTIAL)
- Grape drag easing from Q4 FY27 → Q2 gross margin -278 bps; Q4 test pending (= PARTIAL)
Investor Presentation filed with BSE, NSE: SULA. Summary written with AI assistance from the document.
Sula Vineyards Ltd: key numbers
- Share price
- ₹137.77
- Market cap
- ₹1,163 Cr
- Revenue (annual)
- ₹555.9 Cr
- Net profit (annual)
- ₹25.65 Cr
- P/E (TTM)
- 47.0×Sector 28.6×
- Promoter holding
- 24.62%+0.00% QoQ
- FII holding
- 0.35%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Sula Vineyards Ltd
All →Sula Vineyards Results Update
Sula Vineyards reported Q2 FY27 net profit up 34% YoY to Rs 8.1 Crore. The release also flags a fourth hotel and upcoming product launches.
Sula Vineyards Capacity Expansion: ₹25 Cr Investment
Sula Vineyards plans a 30-40 room hotel at York Winery, costing about Rs 25 crore by March 2028. The board also approved Q2 results and de-alcoholised wine diversification.
- Value
- ₹25.00 Cr
- Execution
- Completion by March 2028
- hotel rooms
- 30.0 rooms
Sula Vineyards Q2 FY27 Results: Net Profit ₹8.1 Cr, Up 35.0% YoY
Sula Vineyards Ltd reported revenue from operations of ₹145.4 Cr (+4.1% YoY) and net profit of ₹8.1 Cr (+35.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹8.1 Cr · +35.0% YoY
Sula Vineyards Board Meeting Date
Sula Vineyards schedules a board meeting on 05 Nov 2026 to consider September 2026 quarter and half-year financial results. The trading window stays closed until 07 Nov 2026.
Sula Vineyards Other Announcement
Sula Vineyards Ltd has submitted its quarterly shareholding pattern for the period ending September 30, 2026, as required by SEBI regulations.
Sula Vineyards Annual General Meeting
Sula Vineyards Ltd reported the voting results of its Postal Ballot, where shareholders approved the appointment and commission payment for Mr. Chaitanya Rathi.