Latest news with #Sula
Business Standard
7 days ago
- Business
- Business Standard
Sula Vineyards slips on reporting weak Q1 biz update
Shares of Sula Vineyards declined 1.27% to Rs 295.75 after the company reported a 7.9% fall in net revenue to Rs 118.3 crore in Q1 FY26 as against Rs 128.4 crore recorded in Q1 FY25. Revenue from the companys own brands declined 10.8% year-on-year (YoY) to Rs 102.3 crore, compared to Rs 114.6 crore in the corresponding quarter last year. This decline was due to a slowdown in urban consumption and the effects of excise-driven trade pre-loading in Maharashtra. Sula reported stable revenue in Q1 FY26, notwithstanding the one-time WIPS unwinding benefit of Rs 10.4 crore in Q1 FY25. The company's wine tourism segment posted revenue of Rs 13.7 crore in Q1 FY26, up 21.8% as against Rs 11.3 crore in the year-ago period. This growth was fueled by more visitors, record occupancy at its resorts, and higher guest spending. Better access from the newly opened Samruddhi Highway, which cuts travel time between Mumbai and Nashik, also helped this segment. During the quarter, Sulas elite and premium wine lines, including The Source and RASA, showed strong growth. The company also introduced Sula Muscat Blanc, Indias first low-alcohol still Muscat wine, with an alcohol content of only 7.5% ABV. Sula Vineyards is principally engaged in the business of the manufacture, purchase, and sale of premium wine and other alcoholic beverages. The wine producer reported consolidated net profit fell 3.84% to Rs 13.03 crore in Q4 FY25 as against Rs 13.55 crore posted in Q4 FY24. Revenue from operations (excluding excise duty) rose 2.6% YoY to Rs 125.71 crore during the quarter.
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Business Standard
7 days ago
- Business
- Business Standard
Sula Vineyards shares slip 3% on weak Q1 sales update; revenue falls 8% YoY
Sula Vineyards share price: Wine maker Sula Vineyards shares were under pressure on Monday, July 14, 2025, with the stock dropping up to 2.68 per cent to an intraday low of ₹291.50 per share. Around 12:00 noon, Sula Vineyards share price was trading at 1.19 per cent lower at ₹296 per share. In comparison, BSE Sensex was trading 0.47 per cent lower at 82,113.53 levels. Why did Sula Vineyards share price fall in trade today? Sula Vineyards share price fell after reporting a weak June quarter of the financial year 2026 (Q1FY26) sales update. The wine maker's revenue from operations dropped 7.9 per cent year-on-year (Y-o-Y) to ₹118.3 crore in Q1FY26, from ₹128.4 crore in the same quarter last year (Q1FY25). Sula Vineyards' Own Brands' sales dropped 10.8 per cent Y-o-Y to ₹102.3 crore in Q1FY26, from ₹114.6 crore in Q1FY25. 'Own Brands revenue remained subdued due to the continued slowdown in urban consumption. Additionally, the increase in excise duties on spirits in Maharashtra, effective 25th June, prompted heavy pre-loading of spirits by the trade aiming to capitalise on pre-revision prices, thereby temporarily blocking the trade placement for wine. Notably, the excise duties on wine remain unchanged, which bodes well for the industry going forward,' Sula Vineyards said, in a statement. However, wine tourism grew 21.8 per cent Y-o-Y to ₹13.7 crore in the June quarter of FY26, from ₹11.3 crore in the June quarter of FY25. 'Wine Tourism continued to demonstrate strong momentum, reporting its highest ever Q1 revenue, propelled by an increase in footfalls, record Q1 resort occupancy and spends per guest. In a further boost, Sula just got closer with the operationalisation of the Samruddhi Highway in June 2025, reducing travel time from Mumbai to Nashik by nearly an hour. Adding to the good news, The Dindori Tasting Room and Bottle Shop at ND Wines are now open and well-positioned to attract wine enthusiasts, given its proximity to the Gujarat border,' the company said. Moreover, the share of Elite & Premium improved in Q1FY26 supported by strong double-digit growth in The Source and RĀSĀ. Apart from that, Sula Vineyards also announced the launch of 'Sula Muscat Blanc', India's first low alcohol still Muscat wine with just 7.5 per cent ABV. Muscat / Moscato is the world's fastest growing white wine in the past decade. 'This is our second wine launch of the Muscat varietal after 'The Source Moscato', which has been Sula's fastest wine to hit 10,000 cases. Part of the bestseller Sula Vineyards range, 'Sula Muscat Blanc' will initially be available in wine shops across Maharashtra, with Karnataka to follow in the coming months,' Sula Vineyards added. About Sula Vineyards Sula Vineyards Limited is India's largest wine producer, commanding over 50 per cent of the domestic market. With nearly 70 wine labels catering to a wide range of consumers, the company has become the country's most recognised wine brand. It operates five modern wineries across Maharashtra and Karnataka and distributes over a million cases annually. The company is also a pioneer in wine tourism, having launched India's first Winery Tasting Room in 2005 and the first vineyard resort in 2010. These attractions, including luxury stays and wine-themed restaurants in Nashik and near Bangalore, draw over 330,000 visitors each year. The market capitalisation of Sula Vineyards is ₹2,498.99 crore, according to BSE. The company falls under the BSE SmallCap category.
Business Upturn
7 days ago
- Business
- Business Upturn
Sula Vineyards shares dip 2% as Q1 revenue falls 8% YoY to Rs 118.3 crore
By Aman Shukla Published on July 14, 2025, 09:23 IST Sula Vineyards shares slipped around 2% in early trade today after the company posted a mixed set of results for the quarter ending June 2025. As of 9:22 AM, the shares were trading 2.47% lower at Rs 292.20. The winemaker's consolidated net revenue came in at ₹118.3 crore, down 7.9% from ₹128.4 crore in the same quarter last year. A major drag was the company's core own-brand wine business, which saw a 10.8% dip in revenue, falling to ₹102.3 crore. Sula attributed the decline to continued weakness in urban consumption and the after-effects of trade pre-loading in Maharashtra due to changes in excise policy last year. However, Sula clarified that last year's numbers included a one-time gain of ₹10.4 crore from the unwinding of a WIPS contract. If that's excluded, this year's underlying revenue was broadly flat year-on-year. One bright spot was the wine tourism segment. Revenue from this division rose 21.8% to ₹13.7 crore, helped by higher footfalls, record Q1 occupancy at Sula's resorts, and increased guest spending. The newly built Samruddhi Highway, which cuts travel time from Mumbai to Nashik, also gave a boost to tourism. On the product front, Sula's premium wines—like The Source and RASA—continued to perform well. The company also launched a new product: Sula Muscat Blanc, India's first low-alcohol Muscat wine with just 7.5% alcohol content. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Hans India
13-07-2025
- Business
- Hans India
Sula Vineyards' revenue falls 7.9 pc in Q1; stock drops nearly 40 pc in 1 year
Mumbai: Sula Vineyards Limited has reported a 7.9 per cent decline in its consolidated net revenue for the quarter ended June 2025 (Q1 FY26), with earnings falling to Rs 118.3 crore from Rs 128.4 crore in the same period the previous year (Q1 FY25). The company attributed the fall mainly to a 10.8 per cent drop in revenue from its own-brand wines, which came in at Rs 102.3 crore. The decline was largely due to a continued slowdown in urban consumption and the lingering effects of trade pre-loading in Maharashtra caused by changes in excise duties. The company also noted that last year's figures included a one-time benefit of Rs 10.4 crore from the unwinding of WIPS (Wine Inventory Purchase Scheme), without which this year's revenue was nearly flat on a year-on-year (YoY) basis. Despite the drop in overall revenue, Sula's wine tourism segment offered some relief, recording a 21.8 per cent increase in revenue to Rs 13.7 crore. The company credited this growth to higher footfalls, record Q1 occupancy at its resorts, and increased guest spending. The recently inaugurated Samruddhi Highway, which has shortened travel time between Mumbai and Nashik, also contributed to the positive momentum in tourism. Sula's premium wine brands like The Source and RASA continued to perform well. The company also introduced 'Sula Muscat Blanc' during the quarter -- marking India's first low-alcohol Muscat wine with 7.5 per cent ABV. Shares of Sula Vineyards closed on Friday's intra-day trading session at Rs 299.40, down by Rs 1.95 or 0.65 per cent on the National Stock Exchange (NSE). In the last five days, the shares were down by Rs 6.50 or 2.12 per cent. Over a one-month timeframe, the shares delivered a negative return of Rs 6.55 or 2.14 per cent. However, the decline in share price became more significant over longer timeframes. In the last six months, the stock was down by Rs 77.25 or 20.51 per cent. On a year-to-date (YTD) basis, the shares fell by Rs 115.50 or 27.84 per cent. Over the past one year, the stock declined by Rs 199.30 or 39.96 per cent.
Time of India
22-06-2025
- Business
- Time of India
Wine industry expects a boost in FY26 after last year's consumption slowdown
The wine industry projects a normalised domestic macro environment to boost growth in FY26 after having suffered a setback in 2024-25. The previous financial year saw slowdown in urban consumption growth taking a "temporary pause", according to the annual report of Sula Vineyards Ltd. The impact on urban consumption slowdown was more evident on the wine segment when compared with other AlcoBev categories, as it is a predominantly urban drink, according to the report. Demand for wine was also impacted because of multiple temporary regulatory and other market disruptions, including general elections and state elections in key markets such as Maharashtra, Sula Vineyards Founder and CEO Rajeev Samant said in the report. "After 3 years of strong growth, FY25 was more a year of demand reset for the Indian wine industry," he said, adding, "But the good news is that these setbacks are now behind us as we look forward to a more normalised domestic macro environment going into FY26." Despite the challenges, Sula reported its highest ever revenue from operations at Rs 619.4 crore in FY25. "We continued to consolidate our leadership position, being by far and ahead the largest wine brand in the country," said Samant while addressing his shareholders. According to Samant, the worst has passed and there is "optimism of seeing better traction and growth in FY26 with positive triggers and expansion plans in our Own Brands and Wine Tourism businesses further supported by the normalisation of the macro environment expected soon." The company aims for accelerating earnings Growth over the next 3 years (FY25-FY28) with improved EBITDA margins and capital efficiency. This will be achieved through initiatives such as product development, expansion of its capacity, market Penetration, Wine Tourism and D2C Business. Sula is on track to expand Cellar capacity by 1 million litres to total capacity of 19.2 million litres per annum by the end of FY26. Samant also pointed out that the wine culture is evolving and spreading across the nation, outside its top two markets, which is encouraging. "Our domestic Own Brand sales, excluding Maharashtra and Karnataka, grew by 8 per cent YoY, powered by a total of 11 states registering healthy double-digit growth. This fits in well with our endeavour of creating a truly pan-India penetration," said Samant. India's wine market is valued at approximately $150-200 million (including both domestic and imported wines), with more than 3 million cases being sold annually. "Wine is still in a nascent stage in India, accounting for "Going forward, the Indian wine market is expected to grow at 15 per cent CAGR over CY 2023-2028 led by the increasing prosperity and disposable income, rapid urbanisation, evolving consumer preferences and increase in the number of working women and women drinkers," the company said. Moreover, Sula is also witnessing double-digit growth from its wine tourism business. It has two luxury resorts in Nashik - 'The Source at Sula' and 'Beyond by Sula', with a total of 104 keys. It has a new 30-key resort coming up near its York Winery, near Nashik and is expanding Wine Tourism Facility at Domaine Sula, Karnataka. "In FY25, our wine tourism revenue grew by 10.2 per cent YoY to Rs 60.3 crore, driven by a very successful SulaFest'25, coupled with the strong performance of our resorts. Our resort occupancy improved by 400 bps from 74 per cent in FY24 to 78 per cent in FY25 on the back of a strong festive and wedding season," he said.
