Sula Vineyards’ Q1 profit falls 45% as EBITDA margin narrows
Sula Vineyards reported Q1 net profit of Rs 1.06 crore, down 45.3% year on year, while revenue from operations rose 2.1% to Rs 120.79 crore. EBITDA declined 9.3% and margin contracted 200 basis points to 14.7%.
Sula Vineyards reported a 45.3% year-on-year Q1 profit decline to Rs 1.06 crore as EBITDA fell 9.3% and margin narrowed 200 basis points. Revenue grew modestly, while the company booked a Rs 1.79 crore gain from selling its Mumbai office.
Why this matters
The weaker Q1 follows promoter buying that lifted founder Samant’s stake to 24.6%, while Sula has been focusing on premium wines and tourism as the cheap wine segment faces a shakeout.
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