Breweries & Distilleries company Sula Vineyards announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from Operations: Rs 133.1 crore vs Rs 131.7 crore up 1.1% Operating EBITDA: Rs 28.5 crore vs Rs 29.5 crore down 3.4% Operating EBITDA Margin: 21.4% vs 22.4% down 98 bps Profit After Tax (PAT): Rs 13.0 crore vs Rs 13.6 crore down 3.9% PAT Margin: 9.7% vs 10.0% down 27 bps Basic Earnings Per Share (EPS): Rs 1.55 vs Rs 1.61 down 3.7% FY25 Financial Highlights: Revenue from Operations: Rs 619.4 crore vs Rs 608.7 crore up 1.8% Operating EBITDA: Rs 149.1 crore vs Rs 175.9 crore down 15.2% Operating EBITDA Margin: 24.1% vs 28.9% down 482 bps Profit After Tax (PAT): Rs 70.2 crore vs Rs 93.3 crore down 24.8% PAT Margin: 11.3% vs 15.1% down 387 bps Basic Earnings Per Share (EPS): Rs 8.32 vs Rs 11.06 down 24.8% Rajeev Samant CEO, Sula Vineyards said: "We are pleased to report our highest-ever revenue from operations in both Q4 and FY25. While this marks a significant milestone, our Own Brands sales were relatively subdued in Q4, impacted by few key factors: the continued slowdown in urban consumption, lower WIPS credit, contraction in exports, and short-term retailer destocking in Uttar Pradesh & Uttarakhand prior to the new excise policy announcement. Despite the ongoing slowdown, it is encouraging to see good traction in some of the markets across India with ten states including Haryana, Rajasthan, Chandigarh, Assam, etc. as well as CSD delivering healthy double-digit growth in Q4. This fits in well with our endeavor of creating a truly pan-India brand. Further, ‘The Source’ range continues to be a standout, clocking robust double-digit growth in Q4 and FY25, powering forth our Elite portfolio. On a positive note, we have listed 4 new wines in CSD including our blockbuster Dindori Reserve Shiraz which bodes very well for our CSD sales growth in FY26 & beyond. Our Wine Tourism segment closed FY25 on a strong note with 25% YoY growth in Q4 led by successful SulaFest’25 and strong performance of the resorts. Further, we are on course to open our latest addition, the Dindori Tasting Room & Bottle Shop at ND Wines later this month. On the profitability front, concerted focus on optimizing overheads helped keep our EBITDA largely intact in Q4 despite subdued sales growth and lower WIPS credit. Looking ahead, we are firmly focused on enhancing profitability and getting back to earnings growth in FY26." Result PDF
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