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SULA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sula Vineyards reported audited consolidated results for FY2026 with revenue from operations at Rs. 596.19 crore, down from Rs. 619.38 crore in FY2025. Net profit after tax declined significantly to Rs. 25.65 crore from Rs. 70.20 crore in the previous year, representing a 63.5% drop. On a standalone basis, performance was even weaker with PAT at just Rs. 3.10 crore versus Rs. 33.40 crore in FY2025. The Board recommended a final dividend of Rs. 2 per share (100%), sharply lower than the Rs. 3.6 per share (180%) paid last year. Exceptional items included an impairment loss of Rs. 8.11 crore on subsidiary investment (standalone) and Rs. 1.82 crore on intangible assets (consolidated). Statutory auditors issued unmodified opinions on both standalone and consolidated results. The 23rd AGM is scheduled for 25th June 2026.
The sharp decline in profitability and reduced dividend payout signal challenging operating conditions for the wine and spirits company. The significant PAT drop despite relatively modest revenue decline suggests margin compression or exceptional charges weighing on earnings. Shareholders may see negative stock reaction given the 63.5% PAT decline and dividend cut.