SULA Sula Vineyards Q3 FY26 results (Oct–Dec 2025) and concall
Sula Vineyards faced a challenging Q3 FY26 with a 40% YoY EBITDA decline and margin contraction, primarily due to a tactical destocking in Karnataka which impacted revenue by INR21 crores. However, the Wine Tourism segment delivered robust 34% YoY revenue growth, and premium brands like 'The Source' continued strong double-digit growth. The company also saw sequential net debt reduction and expects improved performance in Own Brands and margins from Q4 onwards.
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What they filed
Q3 FY26: revenue down 6.2%, net profit down 59.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 115 | 165 | 90 | 91 | 112 −3% | 155 −6% |
| EBITDA | 21 | 35 | 8 | 11 | 18 −17% | 22 −37% |
| Net profit | 7 | 16 | -5 | -1 | 3 −57% | 7 −59% |
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.
