BSEFratelli Vineyards LtdMediumNeutral
Announced Sat, 15 Nov · 21:51 IST

Pursuant to Regulation 30 read with schedule III of SEBI (LODR) Regulation 2015, as amended, we are submitting herewith investor and earning presentation of Fratelli Vineyards Limited on ....

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Fratelli Vineyards reported Q2FY26 net revenue of Rs 46.3 Cr, flat YoY but up 25% QoQ, driven by strong growth in the luxury and super-premium segments. H1FY26 revenue fell to Rs 83.4 Cr from Rs 90.5 Cr a year ago, with the company posting a loss of Rs 8.9 Cr versus Rs 2.7 Cr loss in H1FY25, largely due to investments in the newly launched Shotgun RTD and a temporary slowdown in Telangana from retail license expiry. Gross margins stayed healthy at 79-80%, but EBITDA turned negative at Rs -0.7 Cr for H1FY26 against Rs 5.7 Cr last year. Management unveiled its Vision 2030 plan, targeting revenue of Rs 500+ Cr and EBITDA margin of 20%+ over the next 5 years, backed by Rs 100 Cr capex over 2-3 years for a hospitality venture and RTD brand building. Shotgun RTD has already captured 6% market share within six months of launch, and luxury wines hold over 50% market share with 18% YoY growth in Q2.

Likely market impact

Short-term, the stock faces pressure as H1FY26 results show widening losses and higher finance/depreciation costs from capacity expansion. However, the Vision 2030 roadmap, strong luxury segment leadership, traction in Shotgun RTD, and expected Q3 rebound from Telangana license renewals could support a longer-term re-rating if execution holds.