Oyster Bay wine maker Delegat Group rises on higher annual profit

Delegat

29/08/2025 05:20

** NZ's Delegat Group DGL.NZ advances 9.6% to NZ$4.010, set for its biggest intraday pct gain since late-March, 2020

** Shares set for their third consecutive session of gains

** Wine brand Oyster Bay owner posts FY total net profit of NZ$49 mln ($28.77 mln), up 56% YoY

** Expects FY26 operating net profit after tax to be in the range of NZ$50 mln - NZ$55 mln; FY25 operating net profit after tax was NZ$51.1 mln

** Forecasts to lift case sales by 13% over the next 3 years

** Over 16,000 shares change hands, 2.7x the 30-day avg

** YTD, stock down 14.9%

($1 = 1.7033 New Zealand dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))