SVSula Vineyards543711Quarterly results

Board approves hotel at York Winery via wholly owned arm; Q2 revenue Rs. 145.44 crore, net profit Rs. 8.09 crore

The board approved construction of a hotel at York Winery in Nashik, to be undertaken by Artisan Spirits Private Limited, a wholly owned subsidiary.

By ScoutQuest · Thu 5 Nov 2026, 6:11 PM IST · 2 min read

Q2 FY27 Revenue from Operations

Rs. 145.44 crore

Q2 FY26 Revenue from Operations

Rs. 139.66 crore

Q2 FY27 Net Profit

Rs. 8.09 crore

Three decisions came out of the board meeting held on 5 November 2026.

Hotel at York Winery

The board approved capacity addition/expansion by construction of a hotel at York Winery, at Gat No.15/2, Village Gangavarhe, Nashik (Rural), Nashik, Maharashtra - 422222, as held by Artisan Spirits Private Limited (ASPL), a wholly owned subsidiary of the company. The expansion shall be undertaken by ASPL and is subject to necessary approvals from concerned authorities.

De-alcoholised wine

The board approved diversification of the company's business into the development, manufacture, marketing and sale of de-alcoholised wine derived from wine produced by the company. The company said this will leverage its existing infrastructure, operational expertise, distribution network and brand presence, while expanding its product portfolio and exploring new business opportunities. It is subject to applicable laws and regulatory approvals, wherever required.

Quarter and half year numbers

• Revenue from operations was Rs. 145.44 crore for the quarter ended 30 September 2026, against Rs. 139.66 crore a year earlier and Rs. 120.79 crore in the preceding quarter.
• Net profit was Rs. 8.09 crore for the quarter, against Rs. 6.02 crore a year earlier.
• For the six months ended 30 September 2026, revenue from operations was Rs. 266.23 crore (year earlier: Rs. 257.95 crore) and net profit was Rs. 9.15 crore (year earlier: Rs. 7.96 crore).
• Basic and diluted earnings per share were Rs. 0.95 for the quarter and Rs. 1.08 for the six months, on a face value of Rs. 2 each, not annualised.
• Total expenses for the quarter were Rs. 136.47 crore, of which selling, distribution and marketing expenses were Rs. 14.92 crore and finance costs Rs. 7.16 crore.

The company noted that it sold its office property in Mumbai during the quarter ended 30 June 2026 for a consideration of INR 27.00 crores, and a profit of INR 1.79 crores on that sale was recognised in other income.

What to keep in mind

• The hotel project is an expansion to be executed by a wholly owned subsidiary and is subject to approvals from concerned authorities, so its timing and scale depend on those clearances.
• The de-alcoholised wine foray is also subject to applicable laws and regulatory approvals.
• The company stated that, given the seasonality of the business, revenue, costs and profits do not accrue evenly over the year, so quarterly results may vary and are not strictly comparable.

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