Sula Vineyards Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹113Cr
- +3% YoY
- −16.3% QoQ
- Net profit
- ₹1Cr
- −45.4% YoY
- −87.7% QoQ
- Margin
- 14.71%
- −2 pp YoY
- −5.8 pp QoQ
Guidance rank: #10 of 10 in Beverages
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What the Q1 FY27 call signalled
2 of 3 strong
The short version
Sula Vineyards expects sales growth to resume as the industry recovers from a recent period of consolidation and elevated raw material costs. Sula Vineyards expects profitability to improve over the course of FY27 as grape procurement mix normalizes and resort occupancies scale up.
From Sula Vineyards Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Sula Vineyards expects sales growth to resume as the industry recovers from a recent period of consolidation and elevated raw material costs.
- The Own Brands business is on a recovery path, with a 2% growth in Q1 FY27 and a focus on Elite & Premium wines, which grew 6%.
- Growth driven by premiumization of portfolio, with The Source and RASA flagship brands showing strong double-digit growth.
- Wine Tourism is expanding rapidly, with 12% revenue growth in Q1 FY27 and plans for new resort developments and facility expansions.
- Anticipate improved profitability from normalized grape costs expected by Q4 FY27 and full normalization by Q1 FY28.
- Market expansion planned with additional brand listings in CSD and wider distribution pan-India.
2 more points from Sula Vineyards Ltd's call on revenue
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Profitability & Margins
Sula Vineyards expects profitability to improve over the course of FY27 as grape procurement mix…
Locked: what Sula Vineyards Ltd said on margins
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Capital Expenditure Plans
- Completion of amphitheater expansion at flagship Nashik campus (completed July 2026).
- Opening of new bottle shop at Domaine Dindori (scheduled for next week from August 2026).
- Construction of new 5,000 sq. ft events pavilion at Nashik campus on track for completion in Q3 FY27, enhancing event hosting capabilities.
- Acquisition and development of Domaine RASA (erstwhile Chandon estate) completed at INR 20 crores; winery operations to commence in Q4 FY27 during 2027 harvest.
- Plans to expand and enhance Wine Tourism portfolio, including at new Domaine RASA facility.
2 more points from Sula Vineyards Ltd's call on capex
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Top-ranked in Beverages
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
Net debt as of June '26 stood at INR 319 crores, down from INR 345 crores a year ago, indicating a trend…
Locked: what Sula Vineyards Ltd said on fundraising
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Order Book & Pipeline
2 more points from Sula Vineyards Ltd's call on order book
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Sula Vineyards Ltd — Quarterly revenue & net profit
Sula Vineyards Ltd Q1 FY27 results — key figures
| ₹ Cr | Q1 FY27 | Q1 FY26 | YoY | Q4 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 113 | 110 | +3% | 135 | -16.3% |
| Operating profit (EBITDA) | 17 | 18 | -9.3% | 28 | -40.2% |
| Operating margin | 14.71% | 16.69% | -2 pp | 20.56% | -5.8 pp |
| Profit before tax | 2 | 3 | -40.6% | 12 | -87.3% |
| Net profit (PAT) | 1 | 2 | -45.4% | 9 | -87.7% |
| EPS (₹) | 0.13 | 0.23 | -43.5% | 1.02 | -87.3% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹136 Cr, net profit ₹8 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Sula Vineyards's management said in earlier quarters
Others in Beverages this season
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Marketing spends are steady at **10.5%-11% of net sales** to support brand investments and growth. Key concall takeaways from United Spirits Ltd's Q1 FY27…
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- FratelliVineyard (Q1 FY27)
The industry, particularly RTD, is growing at approximately 25% annually. Key concall takeaways from Fratelli Vineyards Ltd's Q1 FY27 earnings call — and how…
Potential multibaggers · Q2 FY27
Potential multibaggers in Beverages
on management's own guidance
- Varun BeveragesGood growth2
- Strong growth1
- FratelliVineyardGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Sula Vineyards Ltd Q1 FY27 results?
Sula Vineyards expects sales growth to resume as the industry recovers from a recent period of consolidation and elevated raw material costs. Sula Vineyards expects profitability to improve over the course of FY27 as grape procurement mix normalizes and resort occupancies scale up.
What is Sula Vineyards Ltd share price analysis?
Sula Vineyards Ltd currently shows a neutral. The stock trades at a P/E of 48.9 with a market cap of ₹1,266 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sula Vineyards Ltd planning capital expenditure?
Completion of amphitheater expansion at flagship Nashik campus (completed July 2026).
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.