How has been the historical performance of Sula Vineyards?

Answer:The historical performance of Sula Vineyards shows a steady growth in net sales and operating income over the past four years, with net sales increasing from 424.41 Cr in Mar'22 to 579.15 Cr in Mar'25. However, total expenditure has also risen, from 311.13 Cr in Mar'22 to 430.08 Cr in Mar'25, impacting operating profit, which decreased from 183.57 Cr in Mar'24 to 153.00 Cr in Mar'25. Profit before tax followed a similar trend, declining from 125.78 Cr in Mar'24 to 88.34 Cr in Mar'25. Consequently, profit after tax also saw a decrease from 93.31 Cr in Mar'24 to 70.20 Cr in Mar'25, resulting in a drop in earnings per share from 11.06 to 8.32. The operating profit margin decreased from 30.97% in Mar'24 to 25.74% in Mar'25, while the profit after tax margin fell from 16.44% to 12.12%. Cash flow from operating activities also declined significantly from 121.00 Cr in Mar'24 to 58.00 Cr in Mar'25, contributing to a net cash outflow of 89.00 Cr in Mar'25.

Breakdown:
Sula Vineyards has demonstrated a consistent upward trajectory in net sales, which rose from 424.41 Cr in Mar'22 to 579.15 Cr in Mar'25. Despite this growth, the company faced increasing total expenditures, leading to a decline in operating profit from 183.57 Cr in Mar'24 to 153.00 Cr in Mar'25. This decline in profitability is reflected in the profit before tax, which decreased from 125.78 Cr to 88.34 Cr over the same period. Consequently, profit after tax also fell from 93.31 Cr to 70.20 Cr, resulting in a decrease in earnings per share from 11.06 to 8.32. The operating profit margin and profit after tax margin both contracted, indicating pressures on profitability. Additionally, cash flow from operating activities dropped from 121.00 Cr to 58.00 Cr, culminating in a significant net cash outflow of 89.00 Cr in Mar'25, highlighting challenges in maintaining liquidity amidst rising costs.