Rajeev Samant Sula Vineyards

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'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

As of 6:31 AM, GIFT Nifty futures were up 84 points, trading at 24,140.5, suggesting a positive start for the Indian bourses.

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

The premium and elite section of the winery has grown at a compound annual growth rate of 15-20 per cent over the last three years

The fall came on the back of weak quarter-ending March performance by the winemaker. Its net profit fell over 4 per cent on a year-on-year (Y-o-Y) basis to 13.6 crore in Q4FY24

Investment firm Verlinvest Asia Pte and Mousserena LP divested a total of 11.8 per cent stake in leading wine producer Sula Vineyards for Rs 573 crore through open market transactions. Verlinvest Asia Pte offloaded 70,42,275 shares representing 8.34 per cent equity stake of Sula Vineyards and Mousserena LP disposed of 29,00,000 shares representing 3.44 pc stake of the Nashik-based wine producer, as per bulk deal data with the NSE. The shares were sold in a price range of Rs 575.47-576.78 apiece, taking the combined transaction value to Rs 573.07 crore. After the latest transaction, Verlinvest Asia Pte has exited the firm by selling its entire stake, while Mousserena LP's shareholding has declined to 0.22 per cent from 3.66 per cent stake in the firm. Meanwhile, Morgan Stanley Asia Singapore Pte acquired more than 8.65 lakh shares, representing a 1.03 per cent stake in Sula Vineyards for Rs 50 crore. The shares were bought at an average price of Rs 575 per piece, taking the deal va

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

Homegrown wine producer Sula Vineyards Ltd on Wednesday said the recent unseasonal rains in Nasik will have zero impact on its business although there was some damage to vineyards. The net impact of these rains has actually been positive in many ways as some rain-deficient districts such as Dindori and Sinnar have received a much-needed water top-up due to the rains, Sula Vineyards CEO Rajeev Samant said in a regulatory filing. "Though there was some damage to vineyards, especially where there were hailstorms, the overall impact on our wine grape procurement and upcoming harvest will be negligible, meaning zero impact on the overall business," he added. With over 25 years of experience, the company has developed a robust grape procurement model where it anticipates a few unseasonal rain events to occur every year. "We therefore always target a slightly higher grape tonnage than we need to fulfil our sales projections. The result is that if and when such unseasonal rains occur, Sula

Shares of Sula Vineyards settled 1.3% higher ahead of the results. It gained 24.78% in the June quarter, and has risen 35.7%% since its market debut in December

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

Stocks to watch today: Lenders of debt-ridden Reliance Capital (RCap) have fixed April 26 as the new date for the second auction. As per the earlier schedule, it was to be held on April 11

Leading wine producer Sula Vineyards Ltd on Tuesday said sales volume from its own brands crossed 1 million cases in FY23. Besides, sales volumes in elite & premium wines went past the 5 lakh cases mark for the first time, it said in a sales update for Q4 & FY23 submitted to the bourses. "The company has recorded its highest ever annual revenues both for its own brands as well as the wine tourism business," the company said. On a provisional basis, Sula Vineyards said its net revenue for the March quarter was at Rs 104.3 crore from its own brands and Rs 12.4 crore from wine tourism, which represents room revenue, sale of food & beverages, merchandise, and all other ancillary services. For the financial year 2022-23, net revenue from own brands was at Rs 482.5 crore and Rs 45 crore from wine tourism. "FY23 has been one of the most momentous and successful years in Sula's 23-year journey. Our focus on premiumisation is reaping rich dividends - more than 52 per cent of 1 ...

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

Entire issue will be OFS of nearly 27 million shares belonging to promoters and PE investors

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

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

Rajeev Samant of Sula Vineyards has made wine drinking a more egalitarian activity