Sula Vineyards Ltd

Sula Vineyards Ltd share price ticked higher by 4.79% to Rs 170.7. The Company's net profit witnessed a sharp fall of 87.67% to Rs 1.06 crore, while revenue from operations reduced 16.34% to Rs 112.87 crore in Q2FY26 over Q1FY26. The market capitalization of Breweries & Distilleries industry group stocks on BSE stood at Rs 2.35 lakh crore, easing 5.02%. It has inched up 0.06% over last one week and advanced by 13.22% in last one month while the market capitalization of Sula Vineyards Ltd has eased by 0.30% and 6.16% in the same period respectively. Profit before tax (PBT) of Sula Vineyards Ltd stood at Rs 1.52 crore in Q2 FY26, plunging by 40.63% year-on-year, and nosediving by 87.34% quarter-on-quarter. EBITDA came in at Rs 14 crore, tanking 17.90% YoY and tumbling by 45.58% sequentially. Total expenses marginally dropped 9.13% to Rs 106.55 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 12.4 crore, registering a fall of 82.77% YoY, while employee benefits expense was at Rs 22.01 crore, rising by 7.84% YoY. For the TTM ended FY26, revenue from operations eased 4.02% to Rs 555.87 crore, while net profit plunged by 63.46% to Rs 25.65 crore, compared to previous TTM. EBITDA surged by 14832% to Rs 99.11 crore, and PBT tanked by 59.94% to Rs 35.39 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 100.75 crore in FY26, as against Rs 58.38 crore in FY25. Sula Vineyards Ltd crashed 39.14% in last one year, underperforming the benchmark BSE Sensex which has eased by 2.64% during the same period.

Sula Vineyards Limited appointed Mr. Chaitanya Rathi as an Additional Non-Executive Non-Independent Director, effective August 6, 2026, and formally approved the appointment of Ms. Rinku More as Chief Financial Officer and Key Managerial Personnel, also effective August 6, 2026, following her prior designation as CFO Designate starting July 15, 2026. Mr. Rathi, who previously served as COO at Sula Vineyards, brings extensive experience in consumer, alcobev, and venture capital sectors, while Ms. More has held various finance roles within the company for eight years.

Sula Vineyards Limited will hold a board meeting on Thursday, August 6, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, which will be subject to a limited review by the company's statutory auditor; the trading window for the company's securities will remain closed for directors, officers, key managerial personnel, and designated persons until August 8, 2026, following the declaration of financial results.

The board of Sula Vineyards at its meeting held on 10 June 2026 has approved sale of existing registered office premises of the company for a consideration of not less than Rs 27 crore. Consequently, the board has approved shifting to new registered office located at from 901, Solaris One, Prof. N. S. Phadke Marg, Andheri East, Mumbai - 400069 to 201, Solaris One, Prof. N. S. Phadke Marg, Andheri East, Mumbai - 400069 with effect from 1 July 2026

Sula Vineyards announced that the 23th Annual General Meeting(AGM) of the company will be held on 25 May 2026.

Sula Vineyards announced that the 23th Annual General Meeting(AGM) of the company will be held on 25 June 2026.

Sula Vineyards announced that the Board of Directors of the Company at its meeting held on 6 May 2026, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

Profit before exceptional items and tax stood at Rs 12.12 crore in Q4 FY26 compared with Rs 13.56 crore in Q4 FY25. The company reported exceptional items of Rs 0.12 crore during the quarter, while FY26 exceptional items included a non-recurring impairment loss of Rs 1.82 crore on intangible assets and related goodwill. EBITDA dropped 2.5% to Rs 27.8 crore in Q4 FY26 from Rs 28.5 crore in Q4 FY25. EBITDA margin contracted 192 bps to 19.5% in Q4 FY26 as against 21.4% in Q4 FY25. Revenue from its own brands rose 5.2% year-on-year to Rs 115.3 crore in Q4 FY26, while wine tourism revenue increased 17% year-on-year to a record Rs 23.9 crore. The growth was supported by an 11% rise in footfalls and a 22% increase in room revenue following the launch of its third resort, The Haven by Sula. EBITDA was marginally lower year-on-year, impacted by higher blended grape costs due to a higher mix of wine grapes compared with table grapes. The base quarter also included a one-time gain of Rs 3 crore related to the catch-up impact of pricing on closing inventory in Karnataka. Sales in the Elite and Premium portfolio rose 11% year-on-year during the quarter, led by double-digit growth in The Source and RASA. The Elite and Premium portfolio contributed 79% of sales in Q4FY26, up 400 basis points from a year earlier. Sula Vineyards CEO, Rajeev Sawant, said, 'I am pleased to say that after a few tough quarters, we saw a much better performance in Q4 FY26, marking a return to growth with revenue up 7% YoY. This recovery was driven by a combination of improved traction in own brands and another record quarter in wine tourism. Within Own Brands, our Elite & Premium portfolio continued to lead the mix, anchored by strong double-digit growth in The Source and RASA. Regionally, Telangana, Uttar Pradesh, and Kerala delivered robust growth, while our two largest markets'Maharashtra and Karnataka'are seeing a progressively improving trend. Wine tourism once again delivered a strong performance, growing 17% YoY, driven by an 11% increase in footfalls and robust room revenue growth following the launch of The Haven. Notably, the Republic Day long weekend in 2026 set a new record for highest single-day revenue and footfall, surpassing the previous record set during the Christmas weekend in Q3. Importantly, wine tourism continued to set new milestones, with revenue crossing the Rs 100 crore mark for the first time, including wine sales at our resorts. This sustained momentum reinforces our confidence in wine tourism as a powerful and scalable growth engine. On the profitability front, while EBITDA was impacted by a higher mix of wine grapes and a one-off gain of Rs 3 crore in the prior-year base, the underlying comparable performance improved. Disciplined cost management enabled us to maintain absolute EBITDA, and excluding the one-off gain in the prior year base, both EBITDA and PBT showed a YoY growth. We have strategically signed an agreement to acquire Chandon's 19-acre, world-class estate in Dindori, Nashik, to expand our wine tourism footprint. More details will be announced shortly. Encouragingly, demand conditions have improved meaningfully across our key markets, and we are seeing a steady recovery in own brands alongside the sustained strong momentum in wine tourism. Overall, the strategic actions we have taken to strengthen profitability are beginning to show results, positioning us well heading into FY27.' Meanwhile, the company's board recommended a final dividend of Rs 2 per equity share of face value Rs 2 each for the financial year ended March 31, 2026, equivalent to 100%. This compares with a dividend of Rs 3.6 per equity share, or 180%, declared for the previous financial year ended March 31, 2025. Sula Vineyards is principally engaged in the business of the manufacture, purchase, and sale of premium wine and other alcoholic beverages.Powered by Capital Market - Live

Net profit of Sula Vineyards declined 34.00% to Rs 8.60 crore in the quarter ended March 2026 as against Rs 13.03 crore during the previous quarter ended March 2025. Sales rose 7.32% to Rs 134.91 crore in the quarter ended March 2026 as against Rs 125.71 crore during the previous quarter ended March 2025. For the full year,net profit declined 63.46% to Rs 25.65 crore in the year ended March 2026 as against Rs 70.20 crore during the previous year ended March 2025. Sales declined 4.02% to Rs 555.87 crore in the year ended March 2026 as against Rs 579.15 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales134.91125.71 7 555.87579.15 -4 OPM %20.5622.64 -18.6125.74 - PBDT22.2122.30 0 76.38123.33 -38 PBT12.1313.56 -11 37.2188.34 -58 NP8.6013.03 -34 25.6570.20 -63 Powered by Capital Market - Live

Sula Vineyards will hold a meeting of the Board of Directors of the Company on 6 May 2026.