Sula Vineyards Limited, India’s largest wine producer, announced Q2 & H1 FY25 results. Rajeev Samant, CEO, Sula Vineyards, said, “We are pleased to report our 10th consecutive quarter of growth in our Own Brands business. However, Q2 FY25 was a subdued quarter, due to slowdown in consumer discretionary demand, particularly in urban areas where 90% of our sales are concentrated, and temporary disruptions in key markets like Karnataka and Delhi. During the quarter, our Elite & Premium portfolio performed well with a 7% YoY growth, led by strong double-digit growth in our iconic brands - The Source, RASA, and Dindori.”
“It is encouraging to see wine culture flourishing beyond our core markets, with strong double-digit growth in states like Telangana, Himachal Pradesh, Madhya Pradesh, Uttarakhand, and West Bengal, affirming our commitment to building a truly pan-India brand. Looking ahead, while mindful of near-term challenges, we remain optimistic for the festive season on the back of structural tailwinds including the reopening of Andhra Pradesh after a hiatus of five years, introduction of 4 new labels in the CSD market and the return of SulaFest at our Nashik vineyards. We are confident the long-term Indian wine story remains intact, and we see a long runway of growth ahead of us,” added Samant.
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Particulars
(Rs.
Cr)
|
Q2FY25
|
Q2FY24
|
YoY
|
H1FY25
|
H1FY24
|
YoY
|
Net
Revenue
|
142.0
|
143.7
|
-1.2%
|
271.7
|
261.9
|
3.7%
|
Own
Brands
|
127.2
|
126.8
|
0.4%
|
241.9
|
228.5
|
5.9%
|
Wine
Tourism
|
12.2
|
12.1
|
1.0%
|
23.5
|
23.6
|
-0.6%
|
EBITDA
|
34.4
|
45.1
|
-23.8%
|
69.6
|
77.0
|
-9.7%
|
EBITDA
Margin
%
|
24.2%
|
31.4%
|
-718bps
|
25.6%
|
29.4%
|
-380bps
|
Profit
After
Tax
|
14.5
|
23.1
|
-37.3%
|
29.1
|
36.8
|
-20.9%
|
PAT
Margin
%
|
10.2%
|
16.1%
|
-587bps
|
10.7%
|
14.0%
|
-333bps
|
Basic
Earnings
Per
Share
(INR
/
share)
|
1.72
|
2.74
|
-37.3%
|
3.45
|
4.36
|
-20.9%
|
|
|
|
|
|
|
|