as attached
SULA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sula Vineyards reported a significant decline in profitability for FY26 ended March 2026. Consolidated revenue fell to Rs 596.19 crore from Rs 619.38 crore in FY25, while net profit dropped sharply to Rs 25.65 crore from Rs 70.20 crore in the prior year—a decline of approximately 63%. Standalone performance was even weaker, with net profit plummeting to just Rs 3.10 crore from Rs 33.40 crore, largely due to an Rs 8.11 crore impairment loss on subsidiary investment (consolidated had Rs 1.82 crore brand impairment). The Board recommended a final dividend of Rs 2 per share, sharply lower than Rs 3.6 per share paid in FY25. The company generated positive operating cash flow of Rs 100.75 crore. Auditors issued an unmodified (clean) opinion.
The sharp fall in profitability despite relatively stable revenue signals margin compression and operational challenges. The 44% dividend cut reflects management's cautious stance. However, the clean audit opinion and positive cash generation provide some comfort. Shareholders may see negative near-term price reaction given the profit decline.