Sula Vineyards Limited has informed the Exchange that Record date for the purpose of Dividend is 22-May-2026.
SULA · price
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Sula Vineyards reported audited FY2026 results showing consolidated net profit of Rs. 25.65 crore, down 63% from Rs. 70.20 crore in FY2025. Revenue from operations stood at Rs. 596.19 crore vs Rs. 619.38 crore prior year. The Board recommended a final dividend of Rs. 2 per share (100% payout on Rs. 2 face value), marking a significant cut from Rs. 3.6 per share (180%) declared in the previous year. Standalone net profit was just Rs. 3.10 crore due to an Rs. 8.11 crore impairment loss on subsidiary investment. The record date for dividend eligibility is May 22, 2026, with AGM scheduled for June 25, 2026.
The dividend cut of 44% reflects deteriorating profitability and may concern income-focused investors. The sharp decline in earnings (EPS dropped to Rs. 3.04 from Rs. 8.32) signals operational challenges, though the stock may find support at current dividend levels.