Sula Vineyards soars 10% on heavy volumes post Q3 sales update

The company said it recorded highest-ever quarterly gross billings overall, both for its own brands as well as wine tourism revenues in Q3FY23.

Shares of Sula Vineyards soared 10 per cent to Rs 358.2 on the BSE in Monday’s intra-day trade on the back of heavy volumes after the company said it recorded highest-ever quarterly gross billings overall, both for its own brands as well as wine tourism revenues during October-December quarter (Q3FY23).

The stock of the country’s largest wine producer, with over 50 per cent share in the domestic wine business, traded closer to its 52-week high of Rs 363.40, touched on December 22, 2022.

At 10:25 AM; Sula Vineyards quoted 9.8 per cent higher at Rs 357.45, as compared