Sula Vineyards reports flat Q4 revenue

Sula Vineyards has reported nearly flat revenue growth for the quarter ended March 31, 2025, as per provisional data released by the company. The Nashik-based winemaker recorded quarterly revenue of ₹132.6 crore, a marginal increase from ₹131.7 crore in the same period last year.

Revenue from the company’s "own brands" segment slipped 2.9 percent year-on-year to ₹109.6 crore from ₹112.9 crore, indicating a subdued performance in its core product line. However, Sula’s wine tourism business provided a bright spot, with revenue climbing 24.6 percent to ₹20.4 crore.

For the financial year 2024-25, Sula Vineyards achieved an all-time high revenue of ₹618.8 crore, representing a 1.7 percent increase over the ₹608.7 crore reported in FY24. The wine tourism segment continued to deliver strong results, growing 10.2 percent to ₹60.3 crore, compared to ₹54.7 crore in the previous fiscal.

The company also saw modest annual growth from its own brands, contributing ₹546.2 crore in FY25, up 2.2 percent from ₹534.2 crore in FY24.

Meanwhile, in a strategic development, the company on April 11 announced the listing of four new wines — Dindori Reserve Shiraz, RASA Syrah, The Source Grenache Rosé, and Sula Riesling — with the Canteen Stores Department, expanding its portfolio to nine wines available through the channel.