Sula Q1 profit drops 45% as grape costs squeeze margins
Sula Vineyards reported Q1 FY27 revenue growth of 3% to ₹112.88 crore, but net profit fell 45.4% to ₹1.06 crore as higher grape costs cut EBITDA margin. Premium wines and Nashik wine tourism continued to grow.
Sula Vineyards’ Q1 FY27 profit fell 45% as higher grape costs compressed margins, despite 3% revenue growth. Premium wines and wine tourism grew, while Karnataka remained weak. The company expanded Nashik tourism assets and appointed a new CFO.
Why this matters
The result extends Sula Vineyards' recent margin-pressure signal, while its promoter stake has increased and the company continues to lean on premium wines and Nashik tourism as lower-priced wine faces a shakeout.
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