Sula Vineyards eyes double-digit revenue growth in next five years

The company has filed its draft prospectus with Sebi and is awaiting approval for its IPO

Sula Vineyards, the leader in wines in the Indian market, expects strong double-digit revenue growth over the next five years.

“The number of drinkers has grown in strong double digits over the last couple of years and there has been a big boom in retail sales,” said Rajeev Samant, MD & CEO, Sula Vineyards. He added that research company Technopak Advisors expects the Indian wine market to grow at a compounded annual growth rate (CAGR) of over 20 per cent till 2025.

In FY22, Sula's revenue from operations was up 8.6 per cent to Rs 453.91 crore from Rs 417.95