Net profit of Sula Vineyards declined 37.29% to Rs 14.48 crore in the quarter ended September 2024 as against Rs 23.09 crore during the previous quarter ended September 2023. Sales declined 0.99% to Rs 132.36 crore in the quarter ended September 2024 as against Rs 133.69 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales132.36133.69 -1 OPM %25.3933.06 - PBDT26.7738.57 -31 PBT18.0830.96 -42 NP14.4823.09 -37 Powered by Capital Market - Live

Revenue from operations (excluding excise duty) decreased marginally to Rs 132.36 crore in the second quarter of FY25 as compared to Rs 133.69 crore recorded in the corresponding quarter previous year. Profit before tax stood at Rs 18.08 crore in September 2024 quarter, down 41.60% from Rs 30.96 crore posted in Q2 FY24. The company's EBITDA fell 23.8% to Rs 34.4 crore in Q2 FY25 as compared to Rs 45.1 crore recorded in Q2 FY24. EBITDA margin reduced to 24.2% in Q2 FY25 as against 31.4% reported in the quarter ended 30 September 2023. The company's own brands sales increased marginally to Rs 127.2 crore in Q2 FY25 as compared to Rs 126.8 crore reported in Q2 FY24, In the September quarter, wine tourism revenue rose by 1% to Rs 12.2 crore as compared to Rs 12.1 crore reported in the second quarter of FY24. The Elite and Premium brands led a 7% YoY growth, driven by strong double-digit growth in its iconic brands ' The Source, RASA, and Dindori. On half year basis, the company's consolidated net profit fell 20.85% to Rs 29.11 crore in H1 FY25 as compared to Rs 36.78 crore recorded in H1 FY24. However, revenue from operations increased 3.94% YoY to Rs 269.65 crore in H1 FY25. Rajeev Samant, CEO of Sula said, 'We are pleased to report our 10th consecutive quarter of growth in our Own Brands business. However, Q2 FY25 was a subdued quarter, due to slowdown in consumer discretionary demand, particularly in urban areas where 90% of our sales are concentrated, and temporary disruptions in key markets like Karnataka and Delhi. It is encouraging to see wine culture flourishing beyond our core markets, with strong double-digit growth in states like Telangana, Himachal Pradesh, Madhya Pradesh, Uttarakhand, and West Bengal, affirming our commitment to building a truly pan-India brand. Looking ahead, while mindful of near-term challenges, we remain optimistic for the festive season on the back of structural tailwinds including the reopening of Andhra Pradesh after a hiatus of five years, introduction of 4 new labels in the CSD market and the return of SulaFest at our Nashik vineyards. We are confident the long-term Indian wine story remains intact, and we see a long runway of growth ahead of us.' Sula Vineyards is principally engaged in the business of manufacture, purchase and sale of premium wine and other alcoholic beverages. Powered by Capital Market - Live

Sula Vineyards will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

The company's Own Brands revenue for the second quarter was Rs 127.2 crore, up 0.3% YoY. Sula stated the Own Brands revenue was 'its highest ever', driven by the Elite & Premium portfolio which recorded high-single digit growth. The share of Elite & Premium increased to 80% in Q2 FY25 as against 74% in Q2 FY24. Along with a number of other markets, Telangana - company's third largest market were a bright spot recording strong double-digit growth in Q2 FY25. Wine Tourism division of the company recorded revenues of Rs 12.2 crore in Q2 FY25, up 1.3% YoY. Spend per guest increased by 9% YoY and occupancy rates improved to 74% in Q2 FY25 from 66% in Q2 FY24, even amid lower footfalls. Commenting on the business performance for Q2 FY25, Sula said that Growth in Q2 FY25 was subdued primarily due to a broader slowdown in discretionary spending at the macroeconomic level as well as challenges in key markets - policy ambiguity in Karnataka and significant issues with the Delhi Excise portal in the last 15 days of Q2 FY25. The company is optimistic that these setbacks are temporary and will resolve in the coming months. Entering into the all-important Q3, Sula is gearing up for the festive season and looks forward to hosting the much-awaited SulaFest at its Nashik vineyards,' the wine producer said in a statement. Sula Vineyards is principally engaged in the business of manufacture, purchase and sale of premium wine and other alcoholic beverages. The company had reported 6.94% increase in consolidated net profit to 14.63 crore in Q1 FY25 as compared to Rs 13.68 crore posted in Q1 FY24. Revenue from operations (excluding excise duty) grew 11.47% year on year (YoY) to Rs 120.93 crore in Q1 FY25. The scrip rose 0.55% to currently trade at Rs 444.50 on the BSE. Powered by Capital Market - Live

Revenue from operations (excluding excise duty) grew 11.47% year on year (YoY) to Rs 120.93 crore in Q1 FY25. Profit before tax was at Rs 19.49 crore in Q1 FY25, up 2.36% from Rs 19.04 crore recorded in the corresponding quarter previous year. EBITDA jumped 10.3% to Rs 35.2 crore in Q1 FY25 as compared to Rs 31.9 crore recorded in Q1 FY24. EBITDA margin improved to 27.2% in Q1 FY25 as against 27% reported in the quarter ended 30 June 2023. The company's own brands sales stood at Rs 114.6 crore in Q1 FY25, recording a growth of 12.7% YoY, with Elite and Premium brands leading with around 71% growth in Q1 FY25. In the June quarter, wine tourism revenue declined by 2.3% to Rs 11.3 crore as compared to Rs 11.5 crore reported in the first quarter of FY24. Rajeev Samant, CEO of Sula said, 'We are pleased to report our highest-ever first quarter Revenue, EBITDA, and PAT in Q1FY25. This is despite the significant headwinds we faced during the quarter including the national elections which led to restrictions on AlcoBev movement and several dry days, and secondly the scorching heatwave. Both these factors impacted trade offtake and end consumer demand in Q1. A really encouraging trend for us is that wine drinking is picking up well beyond the metros with states like Telangana, Madhya Pradesh, Uttar Pradesh, Haryana, among others performing strongly for us in Q1. One other positive is 'The Source' range, which has been a real standout in the Elite & Premium category, growing by 21% YoY in Q1. One of the initiatives we took in Q1 was adopting a new route-to-market in Maharashtra where we have gone for a third-party sales model for our Economy & Popular brands. This strategy has yielded good results. Overall as we look ahead, we hope to build on our first quarter results and deliver a strong FY25.' Sula Vineyards is principally engaged in the business of manufacture, purchase and sale of premium wine and other alcoholic beverages. The scrip shed 0.14% to Rs 483.50 on the BSE.Powered by Capital Market - Live

Securities in F&O ban : Aditya Birla Capital, Aditya Birla Fashion Retail(ABFRL), Birlasoft, GNFC, Hindustan copper, India Cements, India Mart Intermesh, LIC Housing Finance, Manappuram Finance, and RBL Bank. Upcoming results: Page Industries, Eicher Motors, Biocon, ABB India, Rail Vikas Nigam (RVNL), MRF, VA Tech Wabag, Sadhar Technologies, Cochin Shipyard, Alembic Pharmaceuticals, Astral, AstraZeneca Pharma India, Avalon Technologies, Bharat Forge, Birla Corporation, Concor, Galaxy Surfactants, Greaves Cotton, Garden Reach Shipbuilders & Engineers, Gujarat State Petronet, HBL Power Systems, HealthCare Global Enterprises, IFCI, India Shelter Finance Corp, Ircon International Sula Vineyards' consolidated net profit increased 6.9% to Rs 14.6 crore during the quarter as comapred with Rs 13.7 crore in Q1 FY24. Revenue jumped 10.2% to Rs 121 crore in Q1 FY25 as compared with Rs 108 crore posted in corresponding quarter last year. Godrej Consumer Products' consolidated net profit stood at Rs 451 crore, up 41% as compared with Rs 319 crore in Q1 FY24. Revenue fell 3% to Rs 3,332 crore during the quarter as compared with Rs 3,449 crore in Q1 FY24. The company's board has declared interim dividend of Rs 5 per share. Welspun Corp's consolidated net profit jumped 47.61% YoY to Rs 248 crore during the quarter as compared with Rs 4,069 crore posted in corresponding quarter last year. Revenue declined 22.91% to Rs 3,137 crore during the quarter as compared with Rs 4,069 crore posted in same quarter last year. Radico Khaitan reported 13.36% increase in consolidated net profit to Rs 77.38 crore in Q1 FY25 as compared with Rs 68.26 crore in Q1 FY24. Revenue climbed 9.12% YoY to Rs 1.137 crore in Q1 FY25. Chemplast Sanmar reported consolidated net profit of Rs 24 crore during the quarter as compared with net loss of Rs 64 crore posted in corresponding quarter last fiscal. Revenue increased 14.95% to Rs 1,145 crore in Q1 FY25 as compared with Rs 996 crore in Q1 FY24. ITD cementation reported consolidated net profit of Rs 100 crore during the quarter as compared with Rs 52.33 crore in Q1 FY24, registering the growth of 91.43%. Revenue jumped 29.95% YoY to Rs 2,381 crore in Q1 FY25. Lemon Tree Hotels' consolidated net profit declined 28.6% to Rs 20 crore during the quarter as compared with Rs 28 crore posted in corresponding quarter last year. Revenue increased 19.6% to Rs 268 crore in Q1 FY25 as against Rs 224 crore in Q1 FY24. Balaji Amines' consolidated net profit declined 32.7% to Rs 45.6 crore during the quarter as compared with Rs 67.7 crore posted in corresponding quarter last year. Revenue fell 17% to Rs 385 crore during the quarter as compared with Rs 464 crore in Q1 FY24. Apollo Tyres' consolidated net profit declined 24% YoY to Rs 302 crore in Q1 FY25 as compared with Rs 397 crore in Q1 FY24. Revenue increased 1.4% YoY to Rs 6,335 crore in Q1 FY25.Powered by Capital Market - Live

Net profit of Sula Vineyards rose 6.94% to Rs 14.63 crore in the quarter ended June 2024 as against Rs 13.68 crore during the previous quarter ended June 2023. Sales rose 11.47% to Rs 120.93 crore in the quarter ended June 2024 as against Rs 108.49 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales120.93108.49 11 OPM %28.0827.97 - PBDT28.1226.60 6 PBT19.4919.04 2 NP14.6313.68 7 Powered by Capital Market - Live

Sula Vineyards will hold a meeting of the Board of Directors of the Company on 7 August 2024.Powered by Capital Market - Live