Sula Vineyards Ltd
Sula Vineyards Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Sula Vineyards expects Own Brands to return to growth over the next couple of quarters, driven by improving demand conditions across key markets. Demand conditions are improving markedly across key markets, signaling a positive outlook from Q4 FY '26 onwards.
From Sula Vineyards Ltd's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Sula Vineyards expects Own Brands to return to growth over the next couple of quarters, driven by improving demand conditions across key markets.
- Wine Tourism is poised for strong growth, supported by sustained footfall and new resort expansions like The Haven.
- The Source range shows strong momentum with 23% 9-month growth, contributing increasingly to revenues and profitability.
- Market share in the domestic elite and premium wine segment is rising, particularly in Karnataka and Telangana.
- Expansion plans include adding 50% more hotel rooms for Wine Tourism over the next two years, doubling down on this high-growth segment.
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Profitability & Margins
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Capital Expenditure Plans
- Bulk of planned investments are now behind Sula Vineyards.
- Capex for FY '26 and FY '27 is expected to moderate to INR 20-25 crores annually, less than half of around INR 60 crores incurred in the last financial year.
- Significant investment focus on Wine Tourism, seen as a meaningful growth engine.
- Over the next 2 years, a lion's share of total capex will be allocated to Wine Tourism.
- Plans to add close to 50% more rooms in the next couple of years for Wine Tourism expansion.
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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
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Order Book & Pipeline
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Sula Vineyards Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹135 Cr, net profit ₹9 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Sula Vineyards Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Sula Vineyards Ltd Q3 FY26 results?
Sula Vineyards expects Own Brands to return to growth over the next couple of quarters, driven by improving demand conditions across key markets. Demand conditions are improving markedly across key markets, signaling a positive outlook from Q4 FY '26 onwards.
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?
Bulk of planned investments are now behind Sula Vineyards.
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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.