Fratelli Vineyards Ltd — Important, 18-08-2025: Company Update

Fratelli Vineyards' Q1 FY26 saw a 16% net sales decline, primarily impacted by temporary slowdowns in urban consumption and Maharashtra excise duty changes. Despite this, gross margins improved by 700 basis points, though EBITDA was softer due to ongoing strategic investments. Premium products continue to dominate, contributing over 70% of sales, with luxury labels growing 15%. Their new RTD, Shotgun, quickly gained 5% market share in tracked states and aims for presence in 15 states by year-end. The company plans to invest Rs.65-75 Cr in hospitality and a new Karnataka winery. Fratelli anticipates 15-20% top-line growth for FY26, with recovery expected from Q2.