Sula Wines

Sula Vineyards tumbles 7% to fresh 52-week low as Q2 net profit falls 37%

Sula Vineyard's profit plummeted 37.3 per cent year-on-year (Y-o-Y) to Rs 14.5 crore in Q2FY25, from Rs 23.1 crore in Q2FY24

Sula Vineyards Q1FY25 results: PAT rises 7% to Rs 14.63 cr on high demand

Sula's revenue grew more than 10 per cent during the quarter to Rs 128 cr, its second straight quarter of growth, aided by a 24.4 per cent jump in its cheaper wine segment

Sula Vineyards stock price gains on highest ever Q1 revenue of Rs 130 crore

The uptick in the stock price came after the company said it has recorded its highest ever Q1 net revenue and own brands revenue

Sula Vineyards Q4 results: Net profit declines 4.85% to Rs 13.55 crore

Wine producer Sula Vineyards Ltd on Wednesday reported a 4.85 per cent decline in consolidated net profit to Rs 13.55 crore in the fourth quarter ended March 2024. The company had posted a consolidated net profit of Rs 14.24 crore in the same quarter a year ago, Sula Vineyards said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 131.7 crore as against Rs 120 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 116.83 crore compared to Rs 100.83 crore in the corresponding period previous year, the company said. "Our premiumisation efforts have succeeded in raising our Elite and Premium wine share to an all-time high of 75.1 per cent in Q4, up from 71.7 per cent a year ago," Sula CEO Rajeev Samant said. Further, he said, "Our wine tourism revenues grew in double digits, for the fifth quarter in a row. Wine tourism is a top priority and we are expanding fast." Samant said after the ...

Minda Corp rallies 9%; Sula Vineyards slips 8% after huge block deals

Till 01:50 pm; as many as 10.96 million equity shares representing 4.58 per cent of total equity of Minda Corp have changed hands on the BSE, the exchange data shows.

Sula Vineyards Q3 results: Profit up 9% at Rs 42.98 cr on strong demand

The Mumbai-headquartered company said its consolidated net profit rose to Rs 42,98 crore ($5.2 million) from Rs 39.28 million rupees year ago

Shares of Sula Vineyards soars 20% extending two day gains to 33.6%

Maharashtra accounts for about half of Sula's revenues and close to 60 per cent of its operating profit

Sula Vineyards hits new high; soars 30% in 2 days on healthy biz outlook

A combined 6.95 million equity shares representing 8 per cent of total equity of Sula had changed hands on the NSE and BSE till 10:09 AM.

Sula Vineyards' net revenue up 14% to Rs 116.2 crore in September quarter

Leading wine producer Sula Vineyards Ltd on Wednesday said its net revenue from its own brands has grown to Rs 116.2 crore in the September quarter, registering an increase of 14 per cent. Its wine tourism business was up 26 per cent at Rs 12.1 crore, Sula Vineyards said in its "Sales Update Q2 & H1 FY24". According to the company, this is the "highest-ever Q2 net revenues overall as well as for the priority Own Brands and Wine Tourism businesses". Its net revenue from its own brands in the July-September quarter a year ago was at Rs 102 crore and wine tourism at Rs 9.6 crore. "The company is anticipating a strong harvest once again despite the irregular monsoon, which bodes very well for meeting the increasing demand for our elite and premium wines," it said. During the quarter, Sula also expanded the Nasik winery tasting room, to keep up with the continuing surge in visitor numbers. "The future looks even brighter as we achieved our highest ever footfall on Oct 1, 2023, with a

Verlinvest Asia pared 12.56% stake in Sula Vineyards for Rs 513 cr

Investment company Verlinvest Asia Pte Ltd on Thursday divested a 12.56 per cent stake in wine producer Sula Vineyards for Rs 513 crore through an open market transaction. Following the stake sale, shares of Sula Vineyards declined 3.62 per cent to close at Rs 490.30 apiece on the NSE. According to the bulk deal data available with the NSE, Verlinvest Asia Pte offloaded a total of 1.06 crore shares, amounting to a 12.56 per cent stake in Sula Vineyards. The shares were sold at Rs 484.13 per piece, taking the transaction size to Rs 513.17 crore. After the transaction, Verlinvest Asia Pte Ltd's shareholding fell to 6.08 per cent from 18.64 per cent stake, shareholding data showed with the exchange. Meanwhile, HDFC Mutual Fund, Ghisallo Master Fund LP, Morgan Stanley Asia Singapore Pte, Societe Generale acquired a total of 59.58 lakh shares of Sula Vineyards at Rs 484 per piece. This took the deal value to Rs 288.39 crore.

Sula Vineyards jumps 4% as wine tourism clocks record revenue over weekend

So far this calendar year, the stock of this wine producer has surged 54 per cent, as against a 7 per cent rise in the S&P BSE Sensex

Sula Vineyards slips 8% on Rs 116-crore excise duty notice from Maha govt

The company said the order does not affect the existing business or the activities of the company

Sula Vineyards records double-digit sales growth in June quarter

Sula Vineyards Ltd, the country's largest wine producer, has recorded a strong double-digit sales growth in the June quarter. Its estimated net revenues year-on-year were up 17 per cent in the April-June period, said a sales update by Sula Vineyards. Sales from its own brands were at Rs 103.5 crore, up 24 per cent, while its portfolio of imported "elite and premium brands" had a 30 per cent growth. "The company has recorded its highest ever Q1 net revenues overall as well as for own brands and the wine tourism business," it said. Its revenue estimates from wine tourism were at Rs 11.4 crore, up 11 per cent. This sales updates will be followed by financial statements for Q1 FY24 once approved by its board, said Sula Vineyards. Commenting on this, Sula CEO Rajeev Samant said: "Our focus on premiumisation continues to pay off with our elite and premium wines leading the pack in terms of growth." Sula Vineyards' wine tourism revenues also grew in double digits. Over the outlook, he

Sula Vineyards jumps 11% after strong March quarter business update

Analysts believe that the wine producer is well placed to leverage global consumer shift towards low-alcohol beverage segment - beer and wine

These 2 recently listed stocks have zoomed up to 44% from December lows

Landmark Cars hit a new high of Rs 622.45, surging 44% from its December low of Rs 433.20, while Sula Vineyards rallied 40% from its low of Rs 305.35.

Sula Vineyards shares make tepid market debut; settle nearly 8% lower

Shares of Sula Vineyards on Thursday made a tepid market debut and ended nearly 8 per cent lower against the issue price of Rs 357. The stock was listed at Rs 358, marginally higher by 0.27 per cent from the issue price on the BSE. During the day, it hit a high of Rs 363.40 and low of Rs 328.60. Shares of the company finally ended at Rs 331.15 apiece, a decline of 7.24 per cent. On the NSE, it made its debut at Rs 361, climbing 1.12 per cent. The stock settled at Rs 329.90 per share, lower by 7.59 per cent. The company commanded a market valuation of Rs 2,788.24 crore on the BSE. In volume terms, 4.23 lakh shares were traded on the BSE and 80.73 lakh shares on the NSE during the day. The initial public offer of Sula Vineyards got subscribed 2.33 times last week. The Rs 960.35-crore initial share-sale had a price range of Rs 340-357 a share. The company distributes wines under a bouquet of popular brands such as Sula (its flagship brand), RASA, Dindori, The Source, Satori, Madera

Sula Vineyards makes tepid debut; lists at 1% premium to issue price

Post listing; the stock price of Sula Vineyards slipped to Rs 345.85, a 3 per cent discount to its issue price of Rs 357 per share on the BSE.

Stocks to Watch: Sula Vineyards, RIL, Spandana, Speciality Restaurants

Stocks to Watch Today: Shares of Sula Vineyards likely to list on a tepid note on Thursday.

Indian winemaker Sula's IPO oversubscribed with bids worth $190 million

Investors had bid for 43.8 million shares by the final day of bidding, 2.33 times the 18.8 million shares on offer, with institutional investors showing the most interest, exchange data showed

Sula Vineyards: Should you subscribe to India's largest wine seller's IPO?

Sula Vineyards' revenue contribution from its own brands in the wine business rose from 63.6% in FY20 to 84% in FY22 as imports sharply came down from 31% to 7.9% during this period