FratelliVineyard

- In the current fiscal year, Fratelli Vineyards raised approximately Rs. 50 crore through preferential equity issues. - Around Rs. 25-30 crore of this capital has already been used for capital expenditure. - Additionally, about Rs. 25 crore of term debt was also taken in the first half of the year. - The remaining funds from the equity raise have been used for working capital requirements. - Management indicated it is premature to disclose any new acquisition plans or fundraising at this stage. - No explicit mention was made of any upcoming or planned fresh fundraising through debt or equity beyond what has already been raised in FY25.

- Current CAPEX of around Rs. 50 crore, with about Rs. 25-30 crore already used for expansion of assets during the year. - No plans for major CAPEX on winery and equipment for the next three years beyond current investments. - Significant CAPEX planned for the hospitality venture, specifically an ultra-luxury vineyard tourism resort at Akluj, expected to open by FY27. - Expansion of vineyard acreage: adding about 40 acres in H2 FY25, with another 60 acres before Q2 of next financial year. - Augmentation of winery capacity with a new building becoming operational by December 15. - Investment in technology and automation to improve control and efficiency across the integrated value chain. - Introduction of new premium and luxury brands and product formats, including a new RTD product launching in Q4 FY25.

- FY25 sales expected to be similar to FY24, recovering shortfalls from H1 disruptions. - Outlook for FY26 and beyond aims to outperform industry average growth consistently. - Expansion of vineyards and winery capacity (commissioned by H2 FY25) to support growth. - New product launches, including RTD product in Q4 FY25, to build accessibility and category growth. - Increasing footprint with availability in ~24,000 touchpoints across India. - Premium and luxury brands contribute over 70% of sales, driving higher margins and volume growth. - Targeting steady EBITDA margin improvement from ~13% to ~15% over the next 1-2 years. - Long-term growth aided by luxury vineyard tourism project opening in FY27, providing new revenue streams. - Focus on expanding modern trade and on-trade outlets to increase wine consumption occasions.

- FY25 revenue expected to be similar to FY24 as company works to recover from H1 disruptions. - Outlook for FY26 and beyond aims to outperform industry growth rates seen over past 3 years (24% CAGR net revenue). - EBITDA margin targeted to improve from 13% in FY24 to around 15% in short term (next 1-2 years). - CAPEX of ~Rs. 50 crore already spent for capacity expansion, making company "future-ready" for growth next 3-4 years. - New luxury vineyard tourism project expected to start contributing from FY27 with healthy margins. - Focus on premium and luxury segment brands (70%+ of sales) supports higher realizations and profitability. - Strategic investments in branding, modern trade, and experiential marketing to drive top line and margin expansion. - No major CAPEX planned beyond hospitality venture for next 3 years, aiding steady operating earnings growth.

The provided transcript does not explicitly mention the current or expected order book or pending orders for Fratelli Vineyards. However, relevant insights include: - The company experienced disruptions in H1 FY25 due to dry days, excise policy changes, and shipment delays, impacting revenue temporarily. - They foresee a recovery and momentum build-up once industry challenges subside. - Winery and vineyard expansions are planned with commissioning in H2 FY25 to support growth. - Strategic investments and capacity augmentation are expected to drive future performance. - No specific data on current or expected order book or pending orders is provided in the transcript.