Quarterly Result5 Feb 2025, 11:49 pm
Sula Vineyards Reports Growth in Own Brands, Wine Tourism Surges 11.6% YoY to Record High Quarterly Revenue
AI Summary
Sula Vineyards Limited, India's largest wine producer, announced its Q3 & 9M FY25 results. The company reported a 8% YoY growth in revenue ex-Maharashtra and Karnataka, with 9M net revenue at INR 489.2 Cr (+1.7% YoY). The Elite & Premium segment led the growth, while wine tourism demonstrated strong momentum with 5.6% growth in Q3. The company's net revenue and EBITDA were INR 217.5 Cr and INR 53.9 Cr respectively in Q3. Despite challenges, the company is optimistic about its growth prospects, driven by the Elite & Premium portfolio, robust revenue outside Maharashtra and Karnataka, and the success of its wine tourism segment.
Key Highlights
- Revenue ex-Maharashtra and Karnataka grew 8% YoY
- 9M Net Revenue at INR 489.2 Cr (+1.7% YoY)
- Elite & Premium led the way with strong double-digit growth
- Wine Tourism up 11.6% YoY to record high quarterly revenue
- Despite challenges, company aims for significant expansion in earnings from FY26