SULA Sula Vineyards Q2 FY26 results (Jul–Sep 2025) and concall
Sula Vineyards reported a stable Q2 FY26 revenue of INR 140 crores, but faced margin compression due to market mix, sourcing changes, and higher cost inventory. Despite these challenges, the Wine Tourism business delivered record growth, and the 'The Source' brand continued its strong performance. The company expects recovery in key markets like Telangana and anticipates operating margin improvement in H2 FY26.
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What they filed
Q2 FY26: revenue down 2.9%, net profit down 57.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 115 | 165 | 90 | 91 | 112 −3% |
| EBITDA | 21 | 35 | 8 | 11 | 18 −17% |
| Net profit | 7 | 16 | -5 | -1 | 3 −57% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
