| Revenue growth | 3% YoY |
|---|---|
| Margins | Temporary 150 bps contraction due to grape mix; normalization expected FY28. |
| Demand visibility | Strong momentum in Telangana; recovery expected in Karnataka by H2FY27. |
| Management confidence | High; six consecutive months of positive growth. |
Growth
Revenue grew 3% to ₹121 Cr. Elite & Premium share hit record 78%. Wine Tourism revenue rose 12% to ₹15.5 Cr.
Outlook
EBITDA margins expected to recover by year-end. Acquisition of 'Domain RASA' completed for ₹20 Cr. Expansion in CSD planned.
Risks
Higher blended grape costs impacted margins by 150 bps. Competition discounts pressured the Economy & Popular segment.
Last quarter's promises, checked
Delivered
- Targeted 100+ Cr Wine Tourism revenue → delivered 110 Cr (= BEAT)
- Expand CSD listings from 9 to 14 → delivered 5 preliminary approvals (= BEAT)
- Open Bangalore tasting room in Q4 → delivered operational facility (= BEAT)
Partly delivered
- Targeted Karnataka recovery → delivered 'looking much better' but Q1FY27 data shows H2FY27 target (= PARTIAL)
- Expand room capacity to 154 keys → delivered 154 keys but occupancy at 70% vs 80% core (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: SULA. Summary written with AI assistance from the document.
Sula Vineyards Ltd: key numbers
- Share price
- ₹133.50
- Market cap
- ₹1,127 Cr
- Revenue (annual)
- ₹555.9 Cr
- Net profit (annual)
- ₹25.65 Cr
- P/E (TTM)
- 45.5×Sector 28.6×
- 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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