Mumbai, Nov. 11 -- The drop in revenue was primarily due to short-term route-to-market disruption in Telangana. Excluding Telangana, revenue grew mid-single digit YoY.

Profit before tax (PBT) declined 54.3% YoY to Rs 8.27 crore in Q2 Sept 2025.

EBITDA dropped 24.3% to Rs 25.5 crore in Q2 Sept 2025 compared with Rs 33.6 crore in Q2 Sept 2024. EBITDA margin contracted to 18.2% in Q2 FY26 from 23.8% in Q2 FY25.

Revenue from wine tourism increased 7.7% YoY to Rs 13.2 crore, driven by increased footfalls, higher resort occupancy (77% in Q2 FY26 from 74% in Q2 FY25) and spend per guest. Meanwhile, revenue from own brands fell 2.5% YoY to Rs 124.1 crore in Q2 Sept 2025.

Rajeev Samant, CEO,Sula Vineyars, said, "We reported steady revenue from...