Sula Vineyards Ltd

Sula Vineyards Ltd has announced the closure of its trading window for all Directors, Designated Persons, and Connected Persons. This closure will be effective from Thursday, October 1, 2026, and will remain in effect until 48 hours after the declaration of the Unaudited Financial Results for the quarter ending September 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code. All relevant individuals have been advised against trading in the company's securities during this period.

Sula Vineyards reported a 3% year-on-year growth in Net Revenue from Operations for Q1 FY27, reaching ₹109.6 crore. This growth was primarily driven by strong performance in its Own Brands, particularly the Elite & Premium portfolio, which saw a 6% YoY increase. Wine Tourism revenue surged by 12% YoY to ₹15.5 crore, boosted by higher room revenue and increased guest spend. EBITDA saw a 9% YoY increase to ₹16.6 crore, despite a 150 bps impact from higher blended grape costs. The company also reported a 3% YoY reduction in operating expenses. The CEO highlighted positive sales momentum continuing from Q4 FY26 and noted regional growth, with Telangana showing over 50% YoY growth. The acquisition of the Chandon estate, now 'Domaine Rāsā', has commenced operations, and expansion projects at Nashik are on track.

Sula Vineyards Ltd announced key management changes following a Board of Directors meeting held on August 6, 2026. Ms. Rinku More has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective from the same date. This appointment formalizes her earlier role as CFO Designate. Additionally, Mr. Chaitanya Rathi has been appointed as an Additional Non-Executive Non-Independent Director, effective August 6, 2026. His appointment is subject to shareholder approval via postal ballot within three months. The company also approved seeking shareholder approval for the payment of commission to Mr. Rathi in his directorial capacity.

Sula Vineyards Ltd announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results along with the limited review reports from the statutory auditors. The company has made this information available on its investor relations website. The board meeting to approve these results commenced at 2:48 p.m. and concluded at 3:44 p.m. on August 6, 2026.

Sula's consolidated PAT of ₹1.06 Cr for Q1 FY27 is down 45.4% YoY from ₹1.94 Cr and down 87.7% QoQ from ₹8.59 Cr, on revenue from operations of ₹120.79 Cr (+2.1% YoY, -15.3% QoQ — the QoQ drop is largely the seasonal step-down from Q4, historically the strongest quarter for the business). Crucially, the reported profit is not organic: ₹1.79 Cr of the ₹2.38 Cr consolidated other-income line (same at the standalone level) is a one-off gain on the sale of the company's Mumbai office property. Strip that out and consolidated PBT swings to a marginal loss of ₹(0.27) Cr against ₹2.56 Cr a year ago — adjusted PAT is roughly break-even-to-negative versus ₹1.94 Cr a year ago, an adjusted YoY decline of roughly 110%, far worse than the 45% headline drop suggests. Consolidated OPM compressed to 13.7% from 15.5% YoY and 19.5% in Q4 FY26; NPM fell to 0.9% from 1.6% YoY and 6.0% QoQ. This matches management's own Q4 FY26 warning that gross margins would face pressure "for the next couple of quarters due to a higher-cost grape mix," to be partially offset by cost reduction and selective price hikes — that offset is not visible in this print. The growth half of that guidance ("growth momentum from Q4...to continue into FY27") also did not materialise: 2.1% YoY revenue growth is tepid against a company that had guided continued acceleration, so the quarter reads as a miss against management's own prior outlook. On a standalone (secondary) basis the picture is better: standalone PAT of ₹4.06 Cr is a turnaround from a ₹(0.91) Cr loss a year ago, and even excluding the ₹1.79 Cr property-sale gain, standalone PBT of ₹3.58 Cr still marks a swing to profit from a ₹(1.10) Cr loss a year ago — a divergence from the consolidated adjusted picture that likely reflects weaker numbers at the Artisan Spirits/N D Wines subsidiaries rolled into the group (not broken out in this filing). During the quarter, a subsidiary acquired Domaine Chandon assets for ₹20 Cr (24 June 2026), continuing the Wine Tourism capex focus flagged at the Q4 concall including the Chandon estate; director Nicholas Cator retired (25 June 2026) with the vacancy unfilled; and the company issued a clarification denying undisclosed price-sensitive information ahead of this result. No press release accompanied this filing to independently frame the print, and no analyst preview specific to this quarter turned up in a web search (results surfaced only last year's Q1 FY26 result coverage), so vsStreet is marked unknown rather than inferred.

Sula Vineyards Ltd has announced that its Board of Directors will convene on August 6, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. These results will undergo a limited review by the statutory auditor. Concurrently, the company has confirmed that the trading window for designated persons, which was closed from July 1, 2026, will remain shut until 48 hours after the declaration of these financial results, extending up to August 8, 2026. This measure is in line with SEBI regulations on insider trading.

Sula Vineyards Ltd has responded to stock exchange queries regarding recent increases in its securities' volume. The company stated that it has made all requisite disclosures accurately and in a timely manner, complying with SEBI Listing Regulations. Sula Vineyards confirmed that no information or announcement, including any impending ones, has been withheld that would impact the price or volume of its securities. The company attributes the observed market movement to purely market-driven factors, over which it has no control or knowledge. It explicitly denies any connection to unpublished price-sensitive information or undisclosed events on its part and reiterates its commitment to prompt disclosure of any price-sensitive information.

Sula Vineyards Ltd has issued a clarification regarding the shifting of its registered office. The company confirms that the registered office remains at Solaris One, Andheri East, Mumbai. The previous disclosure on June 10, 2026, referred to Unit No. 201, and this clarification specifies the address as Unit No. 201-A, Solaris One, Prof. N. S. Phadke Marg, Andheri East, Mumbai – 400069. This change is purely for greater specificity and alignment with statutory records, with no actual change in the location or premises. All other details from the prior disclosure remain unchanged.

Sula Vineyards Ltd announced that Mr. Nicholas Cator, Non-Executive Non-Independent Director, has retired by rotation and did not seek re-appointment due to pre-occupation. The Board decided not to fill the resulting vacancy. Mr. Cator ceased to be a Director on the Board of the Company at the conclusion of the Annual General Meeting held on June 25, 2026. This change is in compliance with SEBI Listing Regulations.

Sula Vineyards Ltd announced that Mr. Nicholas Cator, Non-Executive Non-Independent Director, has retired by rotation and did not seek re-appointment due to pre-occupation. The company's board decided not to fill the resulting vacancy. Mr. Cator ceased to be a director on the board at the conclusion of the Annual General Meeting held on June 25, 2026. This change is in accordance with SEBI Listing Regulations.