Fratelli Vineyards Ltd (BSE: 541741) reported a return to profitability in the third quarter of fiscal year 2026, with revenue increasing approximately 8% year-over-year. The results were supported by growth in the luxury wine segment and the implementation of cost-saving measures.<\/p>\n\n\n\n
For the quarter ended December 31, 2025, consolidated net revenue from operations was 64.4 crore, compared to 59.4 crore in the corresponding period of the previous year. Profit after tax for the third quarter stood at 0.05 crore, shifting from a loss of 2.2 crore in Q3FY25.<\/p>\n\n\n\n
Earnings before interest, taxes, depreciation, and amortization (EBITDA) more than doubled to 5.5 crore, with margins expanding by 530 basis points to 8.6%. This margin expansion reflected operating leverage and a reduction in electricity expenses following solar power installations. Finance costs increased to 3.3 crore from 2.7 crore due to borrowings for capacity expansion.<\/p>\n\n\n\n
The luxury portfolio recorded 13% growth during the third quarter compared to the prior-year period. Within this segment, the J\u2019noon label reported a 34% increase in revenue, while Sette grew by 5%. The premium segment recorded a 1% decline in Q3, although sales recovery was noted in Karnataka, Telangana, and Maharashtra.<\/p>\n\n\n\n
The recently introduced Shotgun ready-to-drink (RTD) label captured a market share of approximately 6% as of December 31, 2025. Distribution for this vertical has expanded to 18 states across 7,000 outlets.<\/p>\n\n\n\n
For the nine months ended December 2025, consolidated revenue was 147.8 crore, representing a 1.4% decline from 149.9 crore in the previous year. The net loss for the nine-month period widened to 8.9 crore from 4.9 crore in 9MFY25. Directional trends show stability in revenue despite first-half regulatory disruptions.<\/p>\n\n\n\n
Regulatory changes in Telangana, Uttarakhand, and Maharashtra impacted performance in the first half of the fiscal year. In Telangana, retail licenses expired before being reissued in December 2025. Uttarakhand implemented an excise policy change that limits departmental store sales to imported products or those manufactured within the state.<\/p>\n\n\n\n
Winery capacity has been expanded to 5.4 million litres. At the Akluj winery, the company installed 520 kW of solar capacity, which now meets 45% of its electricity requirements.<\/p>\n\n\n\n
Product launches during the period included Fratelli Brut in the super-premium sparkling category, the Sette 15th Anniversary Edition, and F7 Port Wine. The company also expanded its Canteen Stores Department (CSD) channel with three new stock-keeping units, including the Tilt label.<\/p>\n\n\n\n
The company maintains strategic partnerships with international winemaker Jean-Charles Boisset for the J\u2019noon range and recently collaborated with designer Manish Malhotra for a limited-edition Sette bottle. A partnership with Blue Tokai was also established for brand collaborations.<\/p>\n\n\n\n
The company announced an upcoming capital expenditure plan of 100 crore over the next two to three years. These funds are designated for a hospitality venture in Maharashtra and brand building for the RTD segment.<\/p>\n\n\n\n
Industry context includes the expected reduction of wine import duties under the India-EU Free Trade Agreement. Under its “Vision 2030” framework, the company targets revenue exceeding 500 crore with EBITDA margins of more than 20%.<\/p>\n\n\n\n
Fratelli Vineyards transitioned to a marginal net profit in Q3FY26. Revenue grew 8% led by the luxury segment. Regulatory issues in northern states and Maharashtra affected nine-month totals. The company is currently integrating solar energy and expanding production capacity.<\/p>\n\n\n\n
Neutral outlook remains focused on luxury segment growth and RTD market penetration.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Fratelli Vineyards Ltd (BSE: 541741) reported a return to profitability in the third quarter of fiscal year 2026, with revenue increasing approximately 8% year-over-year. The results were supported by growth in the luxury wine segment and the implementation of cost-saving measures. Latest Quarterly Results For the quarter ended December 31, 2025, consolidated net revenue from […]<\/p>\n","protected":false},"author":2401,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,1941,5753],"tags":[12489,11626,16594],"class_list":["post-180973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-stock-analysis","category-industrials","tag-alcoholic-beverages","tag-consumer-staples","tag-wine-industry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":180049,"url":"https:\/\/alphastreet.com\/india\/sula-vineyards-limited-posts-lower-q3-fy26-profit-as-tactical-destocking-hits-margins-wine-tourism-revenue-rises\/","url_meta":{"origin":180973,"position":0},"title":"Sula Vineyards Limited posts lower Q3 FY26 profit as tactical destocking hits margins; wine tourism revenue rises","author":"Staff Correspondent","date":"February 9, 2026","format":false,"excerpt":"Sula Vineyards Limited (NSE: SULA, BSE: 543711) reported lower profit for the quarter ended Dec. 31, 2025, as one-time tactical destocking in Karnataka and an adverse market mix weighed on revenue and margins, while wine tourism delivered strong growth, according to the company\u2019s Q3 & 9M FY26 investor presentation. 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