Sula Vineyards has reported a 1.3% decrease in net revenue for Q2, primarily due to flat performance from its own brands. On a positive note, its wine tourism revenue increased marginally. Investors will be watching to see how the market reacts to these mixed results as the company navigates the competitive landscape.
Sula Vineyards Ltd, a leading wine producer, announced on Friday, October 11, that it achieved its highest-ever revenues for both its Own Brands and wine tourism segments in Q2 FY25, driven largely by growth in its Elite & Premium portfolio.
The net revenue for the quarter stood at ₹141.8 crore, reflecting a 1.3% decline compared to ₹143.7 crore in the same period last year. Revenue from its Own Brands rose slightly by 0.3% to ₹127.2 crore, up from ₹126.8 crore in Q2 FY24. The wine tourism segment also saw its highest Q2 revenue, increasing by 1.3% to ₹12.2 crore from ₹12.1 crore in the previous year.
The Elite & Premium portfolio made up 80% of Sula’s Own Brands revenue, up from 74% in Q2 FY24, and experienced high single-digit growth. Notably, demand surged in Telangana, Sula’s third-largest market, where sales saw double-digit growth.
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