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Time of India
22-06-2025
- Business
- Time of India
Wine industry expects a boost in FY26 after last year's consumption slowdown
The wine industry projects a normalised domestic macro environment to boost growth in FY26 after having suffered a setback in 2024-25. The previous financial year saw slowdown in urban consumption growth taking a "temporary pause", according to the annual report of Sula Vineyards Ltd. The impact on urban consumption slowdown was more evident on the wine segment when compared with other AlcoBev categories, as it is a predominantly urban drink, according to the report. Demand for wine was also impacted because of multiple temporary regulatory and other market disruptions, including general elections and state elections in key markets such as Maharashtra, Sula Vineyards Founder and CEO Rajeev Samant said in the report. "After 3 years of strong growth, FY25 was more a year of demand reset for the Indian wine industry," he said, adding, "But the good news is that these setbacks are now behind us as we look forward to a more normalised domestic macro environment going into FY26." Despite the challenges, Sula reported its highest ever revenue from operations at Rs 619.4 crore in FY25. "We continued to consolidate our leadership position, being by far and ahead the largest wine brand in the country," said Samant while addressing his shareholders. According to Samant, the worst has passed and there is "optimism of seeing better traction and growth in FY26 with positive triggers and expansion plans in our Own Brands and Wine Tourism businesses further supported by the normalisation of the macro environment expected soon." The company aims for accelerating earnings Growth over the next 3 years (FY25-FY28) with improved EBITDA margins and capital efficiency. This will be achieved through initiatives such as product development, expansion of its capacity, market Penetration, Wine Tourism and D2C Business. Sula is on track to expand Cellar capacity by 1 million litres to total capacity of 19.2 million litres per annum by the end of FY26. Samant also pointed out that the wine culture is evolving and spreading across the nation, outside its top two markets, which is encouraging. "Our domestic Own Brand sales, excluding Maharashtra and Karnataka, grew by 8 per cent YoY, powered by a total of 11 states registering healthy double-digit growth. This fits in well with our endeavour of creating a truly pan-India penetration," said Samant. India's wine market is valued at approximately $150-200 million (including both domestic and imported wines), with more than 3 million cases being sold annually. "Wine is still in a nascent stage in India, accounting for "Going forward, the Indian wine market is expected to grow at 15 per cent CAGR over CY 2023-2028 led by the increasing prosperity and disposable income, rapid urbanisation, evolving consumer preferences and increase in the number of working women and women drinkers," the company said. Moreover, Sula is also witnessing double-digit growth from its wine tourism business. It has two luxury resorts in Nashik - 'The Source at Sula' and 'Beyond by Sula', with a total of 104 keys. It has a new 30-key resort coming up near its York Winery, near Nashik and is expanding Wine Tourism Facility at Domaine Sula, Karnataka. "In FY25, our wine tourism revenue grew by 10.2 per cent YoY to Rs 60.3 crore, driven by a very successful SulaFest'25, coupled with the strong performance of our resorts. Our resort occupancy improved by 400 bps from 74 per cent in FY24 to 78 per cent in FY25 on the back of a strong festive and wedding season," he said.
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Business Standard
22-06-2025
- Business
- Business Standard
Wine industry expects rebound in FY26 after consumption slowdown last year
The impact of urban consumption slowdown was more 'stark' on the wine segment versus other AlcoBev categories, as it is a predominantly urban drink, according to the report Press Trust of India New Delhi The wine industry expects a normalised domestic macro environment to come as a boost in the current fiscal after suffering setbacks in 2024-25, which saw urban consumption slowdown and growth taking a "temporary pause", according to the annual report of Sula Vineyards Ltd. The impact of urban consumption slowdown was more 'stark' on the wine segment versus other AlcoBev categories, as it is a predominantly urban drink, according to the report. The wine demand was also impacted by multiple temporary regulatory and other market disruptions, including general elections and state elections in key markets such as Maharashtra, Sula Vineyards Founder and CEO Rajeev Samant said in the report. "After 3 years of strong growth, FY25 was more a year of demand reset for the Indian wine industry," he said, adding, "But the good news is that these setbacks are now behind us as we look forward to a more normalised domestic macro environment going into FY26." However, despite challenging market conditions for the wine industry, Sula reported its highest ever revenue from operations at Rs 619.4 crore in FY25. "We continued to consolidate our leadership position, being by far and ahead the largest wine brand in the country," said Samant while addressing his shareholders. According to Samant, "now the worst is behind us" and "optimistic of seeing better traction and growth in FY26 with positive triggers and expansion plans in our Own Brands and Wine Tourism businesses further supported by the normalisation of the macro environment expected soon." The company aims for "accelerating earnings Growth over the next 3 years (FY25-FY28) with improved Ebitda margins and capital efficiency". This will be helped through initiatives such as product development, expansion of its capacity, market Penetration, Wine Tourism and D2C Business. It is "on-track to expand Cellar capacity by 1 Mn Litres to total capacity of 19.2 Mn Litres per annum by the end of FY26". Samant also pointed out that the wine culture is evolving and spreading across India outside its top two markets, which is encouraging. "Our domestic Own Brand sales, excluding Maharashtra and Karnataka, grew by 8 per cent YoY, powered by a total of 11 states registering healthy double-digit growth. This fits in well with our endeavour of creating a truly pan-India penetration," said Samant. India's wine market is valued at approximately $150-200 million (including both domestic and imported wines), with more than 3 million cases being sold annually. "Wine is still in a nascent stage in India, accounting for <1% of the Indian AlcoBev market and the per capita consumption of wine in India too is less than 50 ml as compared to the world average of 5.5 litres," the report said. Therefore, there is a vast scope for the wine sector to grow and expand in India. "Going forward, the Indian wine market is expected to grow at 15 per cent CAGR over CY 2023-2028 led by the increasing prosperity and disposable income, rapid urbanisation, evolving consumer preferences and increase in the number of working women and women drinkers," the company said. Besides the wine business, Sula is also witnessing double-digit growth from its wine tourism business. It has two luxury resorts in Nashik - The Source at Sula' and Beyond by Sula', with a total of 104 keys. It has a new 30-key resort coming up near its York Winery, near Nashik and is expanding Wine Tourism Facility at Domaine Sula, Karnataka. "In FY25, our wine tourism revenue grew by 10.2 per cent YoY to Rs 60.3 crore, driven by a very successful SulaFest'25, coupled with the strong performance of our resorts. Our resort occupancy improved by 400 bps from 74 per cent in FY24 to 78 per cent in FY25 on the back of a strong festive and wedding season," he said.
Time of India
22-06-2025
- Business
- Time of India
Wine industry expects a boost in FY26 after last year's consumption slowdown
The wine industry projects a normalised domestic macro environment to boost growth in FY26 after having suffered a setback in 2024-25. The previous financial year saw slowdown in urban consumption growth taking a "temporary pause", according to the annual report of Sula Vineyards Ltd. The impact on urban consumption slowdown was more evident on the wine segment when compared with other AlcoBev categories, as it is a predominantly urban drink, according to the report. Demand for wine was also impacted because of multiple temporary regulatory and other market disruptions, including general elections and state elections in key markets such as Maharashtra, Sula Vineyards Founder and CEO Rajeev Samant said in the report. "After 3 years of strong growth, FY25 was more a year of demand reset for the Indian wine industry," he said, adding, "But the good news is that these setbacks are now behind us as we look forward to a more normalised domestic macro environment going into FY26." Live Events Despite the challenges, Sula reported its highest ever revenue from operations at Rs 619.4 crore in FY25. "We continued to consolidate our leadership position, being by far and ahead the largest wine brand in the country," said Samant while addressing his shareholders. According to Samant, the worst has passed and there is "optimism of seeing better traction and growth in FY26 with positive triggers and expansion plans in our Own Brands and Wine Tourism businesses further supported by the normalisation of the macro environment expected soon." The company aims for accelerating earnings Growth over the next 3 years (FY25-FY28) with improved EBITDA margins and capital efficiency. This will be achieved through initiatives such as product development, expansion of its capacity, market Penetration, Wine Tourism and D2C Business. Sula is on track to expand Cellar capacity by 1 million litres to total capacity of 19.2 million litres per annum by the end of FY26. Samant also pointed out that the wine culture is evolving and spreading across the nation, outside its top two markets, which is encouraging. "Our domestic Own Brand sales, excluding Maharashtra and Karnataka, grew by 8 per cent YoY, powered by a total of 11 states registering healthy double-digit growth. This fits in well with our endeavour of creating a truly pan-India penetration," said Samant. India's wine market is valued at approximately $150-200 million (including both domestic and imported wines), with more than 3 million cases being sold annually. "Wine is still in a nascent stage in India, accounting for <1% of the Indian AlcoBev market and the per capita consumption of wine in India too is less than 50 ml as compared to the world average of 5.5 litres," the report said. "Going forward, the Indian wine market is expected to grow at 15 per cent CAGR over CY 2023-2028 led by the increasing prosperity and disposable income, rapid urbanisation, evolving consumer preferences and increase in the number of working women and women drinkers," the company said. Moreover, Sula is also witnessing double-digit growth from its wine tourism business. It has two luxury resorts in Nashik - 'The Source at Sula' and 'Beyond by Sula', with a total of 104 keys. It has a new 30-key resort coming up near its York Winery, near Nashik and is expanding Wine Tourism Facility at Domaine Sula, Karnataka. "In FY25, our wine tourism revenue grew by 10.2 per cent YoY to Rs 60.3 crore, driven by a very successful SulaFest'25, coupled with the strong performance of our resorts. Our resort occupancy improved by 400 bps from 74 per cent in FY24 to 78 per cent in FY25 on the back of a strong festive and wedding season," he said. Economic Times WhatsApp channel )
NDTV
29-05-2025
- Business
- NDTV
Radico Khaitan Withdraws 'Trikal' Name For New Whisky After Backlash
New Delhi: Homegrown AlcoBev firm Radico Khaitan has withdrawn the brand name 'Trikal' for its new range of single malt whisky as the company faced criticism over the same. In a regulatory filing, Radico Khaitan said withdrawal of brand name "is not just a business decision, it is a gesture of respect, reflection, and our unwavering commitment to honour the sentiments of our people and our country". The company said, "We understand that concerns have been raised regarding the brand name. As a responsible and sensitive organisation, post internal review, we have decided to withdraw the brand." Radico Khaitan is the maker of award-winning single malt 'Rampur' and Jaisalmer Indian Craft Gin. Besides, it owns IMFL brands as 8 PM Whisky and Magic Moments Vodka. Earlier this month, the company announced to launch of two new products - Trikal Indian Single Malt and Morpheus Super Premium Whisky - as per its endeavour to amplify its play in the premium segment. According to some media reports, the company faced challenges in Uttarakhand, where it was believed to have been denied permission. Moreover, it also faced some backlash on social media platforms, as imagery on the product label had a resemblance to a religious iconography. However, the company said the name 'Trikal' comes from Sanskrit which means 'three times', referring to the past, present, and future. "It reflects our deep-rooted belief in honouring India's rich heritage while embracing progress and innovation. 'Trikal' is not just a name; it is a tribute to the timeless spirit of India, to the hands of our artisans, and the soul of our culture," it said. Shares of Radico Khaitan were trading at Rs 2,490.65 apiece on the BSE on Thursday afternoon, up 1.43 per cent from the previous close.
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Business Standard
29-05-2025
- Business
- Business Standard
Som Distilleries & Breweries shares slipped 13% after posting Q4 results
Som Distilleries & Breweries share price plunged 13 per cent in trade on Thursday, May 27, 2025, logging an intraday low at ₹137.7 per share on BSE. The southward moment in the stock came after the company posted mixed Q4 results. At 9:44 AM, Som Distilleries & Breweries shares were down 11.15 per cent at ₹140.65 per share on the BSE. In comparison, the BSE Sensex was up 0.23 per cent at 81,497.69. The market capitalisation of the company stood at ₹2,725.46 crore. The 52-week high of the stock was at ₹162.9 per share and the 52-week low of the stock was at ₹96 per share. Som Distilleries & Breweries Q4 results 2025 The company reported its Q4 results on Wednesday post market hours. In Q4, the company's consolidated net profit for the quarter stood at ₹23.73 crore as compared to ₹19.98 crore a year ago. Its revenue from operations stood at ₹682.75 crore as against ₹738.71 crore, down 7.5 per cent. However, for FY 2024–25, total revenue from operations stood at ₹1,447 crore, reflecting a strong year-on-year (Y-o-Y) growth of 12.52 per cent, compared to ₹1,286 crore in FY 2023–24. Also Read The finance cost for the year declined to 0.76 per cent of revenue in FY 2024-25, down from 0.92 per cent in the previous fiscal year, indicating better capital structure and cost management. The company reported an Earnings before interest, tax, depreciation and amortisation (Ebitda) margin of 12.49 per cent in FY 2024-25, up from 12.07 per cent in the previous year. In absolute terms, Ebitda grew by 16.46 per cent Y-o-Y, demonstrating enhanced operational efficiency and reported a figure of ₹180.71 crore. About Som Distilleries & Breweries Som Group of Companies is an integrated AlcoBev player based out of Central India. The group is into production of Beer, Whisky, Vodka, Rum, Gin, Ready to drink beverages and Country Liquor. The group operates a brewery, a distillery, support industries & a distribution network across the country. The group's diversification is an important factor in delivering the highest quality brands to the consumers and delivering long-term value to the stakeholders.
