Sula Vineyards Q4 Results: net profit up by 5% YoY at Rs. 14.2 crore

The fourth quarter net profit for Sula Vineyards in India was recorded at Rs 14.2 crore, up 5% year over year, with an EBITDA of Rs 30 crore.

The fourth quarter net profit for Sula Vineyards in India was recorded at Rs 14.2 crore, up 5% year over year, with an EBITDA of Rs 30 crore. In Q4, the sales from brands climbed by 14% to Rs 103 crore and income from wine tourism increased by 18% to Rs 12.5 crore.

Sula Vineyards Ltd., the largest wine producer in India, announced a 5% increase in fourth-quarter consolidated net profit at Rs. 14 crore, driven by increased demand for fine wines and an increase in visitors to its vineyards and resorts.

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In comparison to the same quarter last year, revenue from operations increased by 7% year over year to Rs 120 crore for the period under review.

On a sequential scale, the quarter’s net profit more than halved from Rs 39.2 crore the year before. Revenues, meanwhile, decreased 42% quarter over quarter.

Wine tourism brought in an additional 18% money of Rs 12.5 crore. In April, the company that owns alcoholic beverage brands including Rasa and Dindori said that its fourth-quarter net sales from the “own brands” category was Rs 104 crore.

“Our focus on premiumization is reaping rich dividends – more than 52% of a total one million cases for the full year are our Elite & Premium wines,” said Sula CEO Rajeev Samant in April.

Since the company’s debut on the market last year, shares have increased 20%. Prior to the findings, the stock’s closing price on Wednesday was 2.8% higher.