Sula Vineyards achieves record-breaking Q3 FY25 revenues led by premium brands and wine tourism

Sula Vineyards Limited (NSE: SULA), India’s leading wine producer, has reported its highest-ever quarterly revenues in Q3 FY25 from own brands and wine tourism. The company recorded a 1.0% YoY growth in own brands revenue, reaching ₹194.7 crore compared to ₹192.8 crore in Q3 FY24. The wine tourism segment also posted an 11.5% YoY increase, generating ₹16.4 crore versus ₹14.7 crore in the same quarter last year.

Key Financial Highlights:

Advertisement

  • Own Brands Revenue: ₹194.7 crore (up 1.0% YoY).
  • Wine Tourism Revenue: ₹16.4 crore (up 11.5% YoY).
  • Total Net Revenue (incl. other income): ₹217.3 crore, reflecting a marginal decline of 0.7% YoY compared to ₹219.0 crore in Q3 FY24.

The growth in the Elite and Premium portfolio, particularly iconic labels like The Source and RASA, led to a 6% YoY increase in premium sales. Additionally, the wine tourism business benefited from higher guest spending and strong occupancy rates during the quarter.

Sula Vineyards is gearing up for SulaFest in Q4 FY25, with robust advance ticket sales. The festival will showcase performances by renowned Indian artists such as Divine and Ritviz x Karan Kanchan.

About Sula Vineyards:

Sula Vineyards commands over 50% of India’s wine market share and manages five state-of-the-art wineries. Known for its commitment to sustainability, Sula is a Gold Member of the International Wineries for Climate Action and aims for net-zero emissions by 2050.