Sula Vineyards Q4 Results: Net Profit Slips Nearly 4%; Dividend Declared

Sula Vineyards Ltd. recorded a 3.8% fall in its consolidated net profit during the quarter ended March 31, 2025.

The company posted a bottom-line of Rs 13.03 crore for the fourth quarter of fiscal 2025 as compared to Rs 13.55 crore for the same period last year, according to an exchange filing on Thursday.

• Revenue up 2.6% to Rs 125.71 crore versus Rs 122.52 crore.

• Ebitda down 3.4% to Rs 28.46 crore versus Rs 29.46 crore.

• Margin at 22.6% versus 24%.

• Net profit down 3.8% to Rs 13.03 crore versus Rs 13.55 crore.

Sula Vineyards recommended a final dividend of Rs 3.60 per share at a face value of Rs 2 each for the financial year ended March 31, 2025.

The proposed dividend is subject to the approval from the shareholders at the annual general meeting of the company and the record date for the same is set as May 23.

The Nashik-based winery reported a 2.9% decline in its own brand revenue for the fourth quarter of fiscal 2025, amounting to Rs 109.6 crore, down from Rs 112.9 crore in the same period last year.

The revenue from wine tourism segment rose to Rs 20.4 crore, up 24.6% year-on-year from Rs 16.4 crore for the year-ago period.

Before the quarterly results were declared, shares of Sula Vineyards closed 1.99% lower at Rs 271.45 apiece on the NSE, compared to a 0.58% decline in the benchmark Nifty 50. The stock has fallen 49.91% in the last 12 months and 34.87% on a year-to-date basis.

Out of six analysts tracking the company, three have a 'buy' rating on the stock, two recommend a 'hold' and one suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 34.4%.