Any current/future new fundraising through debt or equity?

Currently, Fratelli Vineyards Limited has no definitive plans to raise funds through debt or equity. The company does not rule out any options for raising money but has not confirmed any specific fundraising activities at this time. Borrowings stand around INR 100 crore with an average cost of debt at 10%. There is ongoing effort to manage and possibly reduce interest costs, but the best borrowing options currently are around 10%. Investors interested in participation are advised to stay in touch with the company's investor relations (Go India Advisors). No confirmed market raise is

Any current/future capex/capital investment/strategic investment?

Capex for FY '26 is expected to be around INR 15 crores, mainly for routine expenditures aimed at efficiency improvements in vineyards and winemaking. (Page 14) Major capex related to winemaking is largely completed; no significant new capex planned except for ongoing smaller investments. (Page 14) There is a hospitality project under planning but construction has not yet started; aiming for completion and going live by end of 2027. (Page 11) Capital expenditure of approximately INR 5 crores is underway to expand vineyard area by an additional 100 acres at Jambhali, Ahmednagar; commercial yiel

Future growth expectations in sales/revenue/volumes?

Fratelli Vineyards aims for 20% to 25% year-on-year top-line growth, excluding new product launches like Shotgun. The company is diversifying revenue streams with innovations such as wine-in-a-can (TiLT) and RTD Shotgun, targeting younger consumers and expanding the total addressable market. They aspire to increase wine consumption in India, which currently has a very low per capita consumption, indicating significant growth potential, especially in states like Telangana and Kerala. Premium and luxury wine segments are expected to continue strong growth, with a CAGR of about 15% in premi

Future growth expectations in earnings/operating earnings/profits/EPS?

The company aims for a top-line growth of 20-25% year-on-year, driven by diversified revenue streams including premium wines, wine-in-a-can (TiLT), and RTD segment (Shotgun). Revenue guidance for FY '26 is about INR 250 crores, exceeding prior year with expected growth above 20%. EBITDA margins are expected to recover through cost optimization and operating leverage; however, brand-building investments will continue, though their percentage of sales may reduce by ~100 bps. Elevated brand-building expenses (~8% of top line) are partly recurring to support market expansion and consumer acq

Fratelli Vineyards LtdQ1 FY26Beverages

Fratelli Vineyards Ltd Q1 FY26 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹104Market Cap: ₹444 CrSector: Beverages

Management growth scorecard

Revenue

Category 2

Margin

Category 2

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 2

→Fratelli Vineyards aims for 20% to 25% year-on-year top-line growth, excluding new product launches like Shotgun.
→The company is diversifying revenue streams with innovations such as wine-in-a-can (TiLT) and RTD Shotgun, targeting younger consumers and expanding the total addressable market.
→They aspire to increase wine consumption in India, which currently has a very low per capita consumption, indicating significant growth potential, especially in states like Telangana and Kerala.
→Premium and luxury wine segments are expected to continue strong growth, with a CAGR of about 15% in premium ranges over recent years.
→New vineyard expansion (100 acres) will support future production, though commercial yield is expected in about 3 years.
→Shotgun RTD segment, sized at roughly $150 million currently, offers a large opportunity via a pan-India distribution network of 25,000+ touchpoints with plans to grow presence.
→The firm is confident about margin recovery and operational efficiency improvements supporting sustainable growth.

Margin guidance

Category 2

→The company aims for a top-line growth of 20-25% year-on-year, driven by diversified revenue streams including premium wines, wine-in-a-can (TiLT), and RTD segment (Shotgun).
→Revenue guidance for FY '26 is about INR 250 crores, exceeding prior year with expected growth above 20%.
→EBITDA margins are expected to recover through cost optimization and operating leverage; however, brand-building investments will continue, though their percentage of sales may reduce by ~100 bps.
→Elevated brand-building expenses (~8% of top line) are partly recurring to support market expansion and consumer acquisition.
→The company is confident in scaling profitability by expanding premium portfolio and operational efficiencies.
→EPS growth is not explicitly quantified but is expected to improve alongside margin recovery and top-line growth.
→No major capex is planned beyond INR15 crores for FY '26, supporting stable operating performance.

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Fundraise plans

→Currently, Fratelli Vineyards Limited has no definitive plans to raise funds through debt or equity.
→The company does not rule out any options for raising money but has not confirmed any specific fundraising activities at this time.
→Borrowings stand around INR 100 crore with an average cost of debt at 10%.
→There is ongoing effort to manage and possibly reduce interest costs, but the best borrowing options currently are around 10%.
→Investors interested in participation are advised to stay in touch with the company's investor relations (Go India Advisors).
→No confirmed market raise is planned imminently to significantly reduce debt pressure or improve profitability.

Order book

The document does not explicitly mention Fratelli Vineyards Limited's current or expected order book or pending orders. However, relevant points that might indirectly relate to order intake and demand outlook include: - Fratelli has a pan-India distribution with around 25,000 touch points and aims to expand deeper into the 70,000+ alcobev touch points across the country, indicating a strong pipeline of sales opportunities. - Recent product launches like Shotgun (RTD) and wine-in-a-can (TiLT) are expected to increase total addressable market and revenue contribution over the next 3 years. - The company is seeing encouraging sales and market response from newly rolled out products in multiple states. - The outlook remains positive with expected revenue growth of 20-25% in FY '26, suggesting a robust demand pipeline. - The company is focused on sampling and brand-building to drive consumption which supports future orders. No specific figures for outstanding or pending orders are disclosed.

Capex plans

Yes

→Capex for FY '26 is expected to be around INR 15 crores, mainly for routine expenditures aimed at efficiency improvements in vineyards and winemaking. (Page 14)
→Major capex related to winemaking is largely completed; no significant new capex planned except for ongoing smaller investments. (Page 14)
→There is a hospitality project under planning but construction has not yet started; aiming for completion and going live by end of 2027. (Page 11)
→Capital expenditure of approximately INR 5 crores is underway to expand vineyard area by an additional 100 acres at Jambhali, Ahmednagar; commercial yield expected in about 3 years. (Page 7)
→No definitive plans disclosed currently regarding raising funds from the market, though such options are not ruled out. (Page 15)

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