Sula Vineyards Q3 Results: Wine -making veteran Sula Wineyards today announced the results of the third quarter of FY25 on 5 February. The company’s net profit declined by 34.9 per cent to Rs 28 crore in the October-December quarter. It was ₹ 43 crore in the same quarter last year. The company’s shares saw a rise of 1.18 per cent today and this stock has closed at Rs 365.55 on BSE. The company’s market cap is Rs 3085.59 crore.
Revenue of Sula Vineyards decreased by 1.4 percent
In three months, the revenue of Sula Wineyards declined by 1.4 per cent to ₹ 200 crore, while Ebitda declined by 26.1% to ₹ 53 crore. The margin declined from 35.3% to 26.5% due to higher cost and low operating leverage.
The Mumbai -based Sula Vineyard makes a variety of wines using grapes, including white, red, rose and sparkling wine. Sula Wineyard also uses winemaking systems and other resources to make its wine.
In a period of nine months, the company recorded a net revenue of ₹ 489.2 crore, which is 1.7% higher than the previous year. Revenue increased by 8% outside Maharashtra and Karnataka, with double digit growth in West Bengal, Haryana, Delhi, Madhya Pradesh, Rajasthan and Chandigarh. Elite and premium wine played a big role in growth, with a 5.6 per cent increase in the third quarter, and their share reached 80.5% of high high, which was 77 per cent last year.
Wine tourism saw a strong growth during festivals and wedding season, with more spending guests, better occupancy (81% compared to 76% last year) and high ARR. The 160 BPS (Basis Points) was affected by Ebitda, which was due to a decline of ₹ 4.7 crore in WIPS Credit after a limit of ₹ 20 crore annually for the Domain Dinadori unit.