Sula Vineyards Ltd Share Price – NSE /  BSE

Alcoholic Beverages, Small Cap

Revenue from operations (excluding excise duty) grew 11.47% year on year (YoY) to Rs 120.93 crore in Q1 FY25.

Profit before tax was at Rs 19.49 crore in Q1 FY25, up 2.36% from Rs 19.04 crore recorded in the corresponding quarter previous year.

EBITDA jumped 10.3% to Rs 35.2 crore in Q1 FY25 as compared to Rs 31.9 crore recorded in Q1 FY24. EBITDA margin improved to 27.2% in Q1 FY25 as against 27% reported in the quarter ended 30 June 2023.

The company's own brands sales stood at Rs 114.6 crore in Q1 FY25, recording a growth of 12.7% YoY, with Elite and Premium brands leading with around 71% growth in Q1 FY25.

In the June quarter, wine tourism revenue declined by 2.3% to Rs 11.3 crore as compared to Rs 11.5 crore reported in the first quarter of FY24.

Rajeev Samant, CEO of Sula said, “We are pleased to report our highest-ever first quarter Revenue, EBITDA, and PAT in Q1FY25. This is despite the significant headwinds we faced during the quarter including the national elections which led to restrictions on AlcoBev movement and several dry days, and secondly the scorching heatwave. Both these factors impacted trade offtake and end consumer demand in Q1.

A really encouraging trend for us is that wine drinking is picking up well beyond the metros with states like Telangana, Madhya Pradesh, Uttar Pradesh, Haryana, among others performing strongly for us in Q1. One other positive is ‘The Source’ range, which has been a real standout in the Elite & Premium category, growing by 21% YoY in Q1.

One of the initiatives we took in Q1 was adopting a new route-to-market in Maharashtra where we have gone for a third-party sales model for our Economy & Popular brands. This strategy has yielded good results. Overall as we look ahead, we hope to build on our first quarter results and deliver a strong FY25.”

Sula Vineyards is principally engaged in the business of manufacture, purchase and sale of premium wine and other alcoholic beverages.

The scrip shed 0.14% to Rs 483.50 on the BSE.

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Sula Vineyards’ consolidated net profit increased 6.9% to Rs 14.6 crore during the quarter as comapred with Rs 13.7 crore in Q1 FY24. Revenue jumped 10.2% to Rs 121 crore in Q1 FY25 as compared with Rs 108 crore posted in corresponding quarter last year.

Godrej Consumer Products’ consolidated net profit stood at Rs 451 crore, up 41% as compared with Rs 319 crore in Q1 FY24. Revenue fell 3% to Rs 3,332 crore during the quarter as compared with Rs 3,449 crore in Q1 FY24. The company’s board has declared interim dividend of Rs 5 per share.

Welspun Corp’s consolidated net profit jumped 47.61% YoY to Rs 248 crore during the quarter as compared with Rs 4,069 crore posted in corresponding quarter last year. Revenue declined 22.91% to Rs 3,137 crore during the quarter as compared with Rs 4,069 crore posted in same quarter last year.

Radico Khaitan reported 13.36% increase in consolidated net profit to Rs 77.38 crore in Q1 FY25 as compared with Rs 68.26 crore in Q1 FY24. Revenue climbed 9.12% YoY to Rs 1.137 crore in Q1 FY25.

Chemplast Sanmar reported consolidated net profit of Rs 24 crore during the quarter as compared with net loss of Rs 64 crore posted in corresponding quarter last fiscal. Revenue increased 14.95% to Rs 1,145 crore in Q1 FY25 as compared with Rs 996 crore in Q1 FY24.

ITD cementation reported consolidated net profit of Rs 100 crore during the quarter as compared with Rs 52.33 crore in Q1 FY24, registering the growth of 91.43%. Revenue jumped 29.95% YoY to Rs 2,381 crore in Q1 FY25.

Lemon Tree Hotels’ consolidated net profit declined 28.6% to Rs 20 crore during the quarter as compared with Rs 28 crore posted in corresponding quarter last year. Revenue increased 19.6% to Rs 268 crore in Q1 FY25 as against Rs 224 crore in Q1 FY24.

Balaji Amines’ consolidated net profit declined 32.7% to Rs 45.6 crore during the quarter as compared with Rs 67.7 crore posted in corresponding quarter last year. Revenue fell 17% to Rs 385 crore during the quarter as compared with Rs 464 crore in Q1 FY24.

Apollo Tyres’ consolidated net profit declined 24% YoY to Rs 302 crore in Q1 FY25 as compared with Rs 397 crore in Q1 FY24. Revenue increased 1.4% YoY to Rs 6,335 crore in Q1 FY25.

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Net profit of Sula Vineyards rose 6.94% to Rs 14.63 crore in the quarter ended June 2024 as against Rs 13.68 crore during the previous quarter ended June 2023. Sales rose 11.47% to Rs 120.93 crore in the quarter ended June 2024 as against Rs 108.49 crore during the previous quarter ended June 2023.

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Sula Vineyards will hold a meeting of the Board of Directors of the Company on 7 August 2024.

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