BSECompany Update2d ago · 12 Aug 2026, 02:52 pm
Please find enclosed Investor and earnings presentation of Fratelli Vineyards Limited on the unaudited financial results and operational performance for the first quarter ended on 30th June, 2026
Fratelli Vineyards Ltd · 541741
✦ AI Summary▲ PositiveResults
Fratelli Vineyards Ltd has announced its unaudited financial results for Q1FY27, showing a 22% YoY growth in net sales, driven by strong performance in the Bottle and RTD segments. The company has maintained a healthy gross profit margin of 80% despite changes in product mix. Operating performance improved significantly, with EBITDA standing at Rs 1.1 crore, compared to a loss of Rs 2.3 crore in Q1 FY26. The company has also expanded its international footprint to 17 countries, driving higher export contribution.
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Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
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Fratelli Vineyards Ltd - 541741 - Announcement under Regulation 30 (LODR)-Investor Presentation
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Date: August 12, 2026
The Listing Compliance Department
BSE Limited
P. J. Tower, Dalal Street
Mumbai – 400001
Scrip Code: 541741
ISIN: INE401Z01019
Subject : INVESTOR AND EARNINGS PRESENTATION
Dear Sir/ Madam,
Pursuant to Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations 2015, and in continuation to our letter
dated August 03, 2026, please find enclosed Investor & Earnings Presentation of the Fratelli
Vineyards Limited [earlier known as Tinna Trade Limited] (“the Company”) on the Unaudited
Financial Results and operational performance for the first quarter ended on June 30, 2026.
The aforesaid presentation shall also be available on Company’s website at www.fratelliwines.in.
This is for your information and records.
Thanking You,
Yours Faithfully,
For FRATELLI VINEYARDS LIMITED
[formerly known as Tinna Trade Limited]
MONIKA Digitally signed by
MONIKA GUPTA
G UPTA Date: 2026.08.12 14:46:34
+05'30'
Monika Gupta
Company Secretary
FCS 8015
FRATELLI VINEYARDS LIMITED
[Formerly known as TINNA TRADE LIMITED]
CIN: L11020DL2009PLC186397
Regd. Off: NO.6, Sultanpur, Mandi Road, Mehrauli, New Delhi-110030
Tel NO.- +91-11-49518530, Fax: +91-11-26804883
E mail: ttl.del@tinna.in Website: www.tinnatrade.in
Q1FY27, Investor Presentation August, 2026
Disclaimer
This presentation includes forward-looking statements regarding the business, financial performance,
strategy, and outcomes of Fratelli Vineyards, as well as the industry it operates in. These statements are
subject to risks, uncertainties, and assumptions that may cause actual results to differ from those expressed
or implied. Factors such as changes in economic, political, regulatory, or market conditions could affect the
accuracy of these statements. Fratelli Vineyards, its affiliates, advisors, representatives, subsidiary
undertakings, officers, or employees do not guarantee the accuracy of the assumptions underlying these
forward-looking statements, nor do they guarantee the future accuracy of the statements or the occurrence
of forecasted developments. The company assumes no obligation to publicly amend, modify, or revise any
forward-looking statements based on subsequent developments, information, or events. Given these
uncertainties, viewers are advised not to place undue reliance on these forward-looking statements.
Table Of
Contents
01 Q1FY27 Financial Highlights
02 An Overview of India’s Leading Winemaker
03 Strategic Priorities
04 Annexure
05 An Overview of Industry Dynamics
Q1FY27
Financial Highlights
Q1FY27
Income Statement*-
In Rs Cr. ** Q1FY27 Q1FY26 Q4FY26 FY26
Net Sales : Overall revenue recorded ~22% YoY growth in Q1 FY27, led by strong
performance in the Bottle and RTD segments despite the impact of changes in Uttar Net revenue from
45.4 37.1 36.3 184.1
Pradesh's excise policy. The Bottle business grew ~8% YoY, while the RTD business operations
more than doubled compared to Q1FY26
COGS 9.1 7.1 7.5 39.7
Gross Margins : Gross profit margins remained healthy at ~80% in Q1FY27 despite Gross Profit 36.3 30 28.8 144.3
changes in product mix
Gross Profit Margin 80% 81% 79.6% 78.4%
Market & Regulatory Update: Delhi market sales were impacted during Q1FY27 due
to delays in label registrations by the excise department, resulting in negligible sales EBITDA 1.1 -2.3 -3.7 1.06
during April. Strong growth across Chandigarh, Haryana, Telangana, Odisha, and
Puducherry supported overall revenue growth EBITDA Margin 2.4% -6.1% -10.1% 0.57%
EBITDA : Operating performance improved significantly, EBITDA stood positive at Rs Depreciation 2.4 2.3 2.1 8.8
1.1 crore in Q1FY27 compared to a loss of Rs 2.3 crore in Q1 FY26. EBITDA margin
stood at 2.4%, driven by higher operating leverage and better cost control
Finance cost 3.8 3.2 3.6 13.5
Finance and Depreciation : Finance costs increased due to borrowings undertaken for PBT -5.1 -7.7 -9.4 -21.2
working capital requirements, while depreciation expenses were higher owing to the
commissioning of new assets last year
Tax -1.3 -1.9 -2.4 -5.4
Brand Investments : Prudent and disciplined brand investments in Q1FY27, with a Profit After Tax -3.8 -5.8 -7.0 -15.8
focus on RTD portfolio
* Standalone Fratelli Wines numbers ; ** Rounded off to nearest decimal 5
Q1FY27
Financial Highlights* -
Revenue in Rs Cr. Gross Profit in Rs Cr.
184 182
144 144
45 37 36 30
Q1FY27 Q1FY26 FY26 FY25 Q1FY27 Q1FY26 FY26 FY25
EBITDA in Rs Cr. PAT in Rs Cr.
1.06
Q1FY27 Q1FY26 FY26 FY25
1.1 Q1FY26 0.23
Q1FY27 FY26 FY25 -6
* Standalone Fratelli Wines numbers 6
Key Developments
And Management Focus
Premiumisation : Continued focus on premiumisation, with the premium segment
growing 7% YoY. Luxury portfolio led by J'noon which grew +36% YoY
Supply Chain Efficiencies : Strengthened supply chain capabilities to enhance
product availability and consumer experience
RTD Expansion : Entered the RTD category, creating a second growth engine
alongside the core bottle portfolio, with continued expansion in flavors and market
reach
Portfolio Innovation : Continued portfolio innovation with the launch of Shiraz
Cabernet in April 2026, alongside growing traction for Fratelli Brut and the Manish
Malhotra x Sette 15th Anniversary Limited Edition
Cost Discipline : Maintained a strong focus on cost optimisation through increased
adoption of solar energy
Exports & CSD Growth : Expanded international footprint to 17 countries, driving
higher export contribution, also commenced exports of Tilt and Shotgun. Tilt has
made a strong debut in the CSD channel
Distribution Expansion : Expanded distribution to 31,000 touchpoints, with Shotgun
reaching over 9,000 touchpoints
Q1FY27 : Operational and Strategic Highlights
FRATELLI
•VINEYARDS•
OPERATIONAL
01 02 CHANNEL & MARKET 03 OPERATIONS &
BUSINESS PERFORMANCE
EXPANSION SUSTAINABILITY
J'noon & Sette: J'noon Range grew by
Global presence expanded to
36% YoY; Sette grew 3% YoY ~45% of the energy
17 countries
requirements at Akluj Winery
are met through solar power
Super Premium portfolio grew 7% YoY in Merlot, Noi Sparkling & Shotgun
Q1FY27 approved in CSD; sales of Merlot and
Noi Sparkling will start in Q2FY27 Despite heavy rainfall making
Sparkling Portfolio: Brut & GCB grew 25% and Shotgun by H2FY27 Harvest 2026 challenging,
YoY . Master Selection Late Harvest quality has been well managed
recorded exceptional YoY growth Tilt Red & Tilt Bubbly Rosé and remained in line with the
FRATELLI launched in CSD : first of its kind
standards of our premium
VINEYARDS Value Portfolio: Grew 26% YoY, led by in the wine category; Shiraz portfolio
Kyra Red Reserve & Sidus Premium Red Rosé is also launched in CSD
STRATEGIC
New Product Launches 02 03
1/3 Market Expansion Other Strategic Initiatives
Shiraz Cabernet Shotgun Jamun International Expansion Plan to enter two new
Fratelli’s Market Slated to be Launched in domestic markets
Launched in Apr'26; registered Entered China & Nepal,
Share in Indian Q2FY27 to further
across 11 states, pan-India expanding export presence
Wine Market strengthen the RTD
expansion underway to 17 countries
portfolio
Our Latest
LAUNCH
SHIRAZ
CABERNET
Approachable Relaxed Social
A refined blend that brings together the vibrancy
of Shiraz with the depth of Cabernet Sauvignon
This varietal is a true expression of
balance & approachability
MRP: INR 1,000 (750 ml), INR 520 (375 ml)*
*Maharashtra MRP
New Sparkling Wine :
Fratelli Brut
Backs Fratelli’s long term premiumisation strategy
Offered at an attractive price point of around Rs 1,500 MRP, with
best-in-class packaging.
Targeting iconic and luxury HoReCa touchpoints along with Platinum and
Gold retail outlets on a pan-India level
Will enable Fratelli to strengthen presence in the super premium
sparkling category
Q1FY27 - Update
Fratelli Brut expanded its footprint from 4 states to 9
states since launch in November 2025, strengthening
presence across key markets
Commenced exports to Nepal, marking its entry into
interna
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