Breweries & Distilleries company Sula Vineyards announced Q3FY25 results Net Revenue for Q3FY25 stood at Rs 217.5 crore, reflecting a 0.6% YoY decline from Rs 218.9 crore in Q3FY24. Own Brands Revenue grew 1.0% YoY to Rs 194.7 crore. Wine Tourism Revenue increased 11.6% YoY to Rs 16.4 crore. EBITDA declined 26.3% YoY to Rs 53.9 crore in Q3FY25, compared to Rs 73.2 crore in Q3FY24, with EBITDA margin contracting by 865 bps YoY to 24.8%. Profit After Tax (PAT) stood at Rs 28.1 crore in Q3FY25, registering a 34.7% YoY decline from Rs 43.0 crore in Q3FY24, with PAT margin reducing by 674 bps YoY to 12.9%. Basic EPS decreased 34.7% YoY to Rs 3.32 in Q3FY25, compared to Rs 5.09 in Q3FY24. Rajeev Samant, CEO, Sula Vineyards said: We are pleased to report our 11th successive quarter of growth in the Own Brands business. However, our pace of growth slowed in Q3 impacted by 3 major factors – a broad-based consumption slowdown in urban India, election-related disruptions in Maharashtra, and WIPS credit captured being lower by Rs 4.7 crore vs LY with the capping of WIPS at Rs 20 crore p.a. at our Domain Dindori facility. Having said that we have kicked off production at our Nashik unit and so FY26 onwards, we are well placed to realize 100% of the potential WIPS. Despite the challenges, it is heartening to see a couple of really positive longer-term trends playing out which will continue to power our growth going forward. Our Elite & Premium portfolio continued to see good momentum, even in a subdued environment. Revenue outside Maharashtra and Karnataka remained robust, with over 10 states achieving strong double-digit growth, now contributing 50% to our Own Brand sales. Our Wine Tourism segment also recorded its highest-ever Q3 revenue, growing 11.6% YoY, truly showcasing our unique appeal in hospitality. This segment is poised to end FY25 strongly with the success of SulaFest’25, and the launch of our Dindori Tasting Room & Bottle Shop in Q4. Looking ahead, we are focused on driving profitable growth and target a significant expansion in earnings from FY26 as the consumer demand recovers. Result PDF
Breweries & Distilleries company Sula Vineyards announced Q3FY25 results Revenue: Rs 217.5 crore compared to Rs 218.9 crore during Q3FY24, change -0.6%. EBITDA: Rs 53.9 crore compared to Rs 73.2 crore during Q3FY24, change -26.3%. EBITDA margin: 24.8% for Q3FY25. PAT: Rs 28.1 crore compared to Rs 43.0 crore during Q3FY24, change -34.7%. PAT margin: 12.9% for Q3FY25. EPS: Rs 3.32 for Q3FY25. Rajeev Samant, CEO, Sula Vineyards, said: We are pleased to report our 11th successive quarter of growth in the Own Brands business. However, our pace of growth slowed in Q3 impacted by 3 major factors – a broad-based consumption slowdown in urban India, election-related disruptions in Maharashtra, and WIPS credit captured being lower by Rs 4.7 crore vs LY with the capping of WIPS at Rs 20 crore p.a. at our Domain Dindori facility. Having said that we have kicked off production at our Nashik unit and so FY26 onwards, we are well placed to realize 100% of the potential WIPS. Despite the challenges, it is heartening to see a couple of really positive longer-term trends playing out which will continue to power our growth going forward. Our Elite & Premium portfolio continued to see good momentum, even in a subdued environment. Revenue outside Maharashtra and Karnataka remained robust, with over 10 states achieving strong double-digit growth, now contributing 50% to our Own Brand sales. Our Wine Tourism segment also recorded its highest-ever Q3 revenue, growing 11.6% YoY, truly showcasing our unique appeal in hospitality. This segment is poised to end FY25 strongly with the success of SulaFest’25, and the launch of our Dindori Tasting Room & Bottle Shop in Q4. Looking ahead, we are focused on driving profitable growth and target a significant expansion in earnings from FY26 as the consumer demand recovers. Result PDF