Press Release9 May 2024, 12:56 am
Sula Vineyards Ltd: records Highest ever Revenue in Q4 & FY24; Strong Premiumization trend continues; Wine Tourism soars
AI Summary
According to a recently released press release from Sula Vineyards Ltd, the company reported its highest ever revenue and EBITDA in Q4 and FY24. The premium wine segment and wine tourism were the major contributors to this growth. Highlights include a 12.1% increase in net revenue for Q4, 15.5% increase in revenue from elite and premium wines, a 5.0% increase in EBITDA, and a 10.7% increase in net revenue for FY24. Additionally, a new resort is set to open, and tasting surged by 58% in Q4. The financials also reveal a move towards increasing EBITDA margin, down from 26.4% to 25.3% in YoY.
Key Highlights
- Net Revenue at 135.6 Cr, 12.1% # YoY
- Revenue from Elite & Premium wines led the overall growth with 14.3% #YoY growth
- EBITDA at 33.3Cr, 5.0% #YoY
- New resort to open next to York winery
- Tastings surged 58% in Q4 to ~80,000
- EBITDA margin 108bps to 30.2% from 29.1% # YoY
- PAT at Rs. 13.6 Cr, 4.9% ¥ YoY
- Consolidated FY24 net revenue at Rs. 616.4 Cr, 10.7% #YoY
- Revenue from Elite & Premium wines led the overall growth with 15.5% #YoY growth
- PAT at Rs. 93.3 Cr, 11% #YoY