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
The BSE Smallcap index slipped 2.5% or 1,346 points to 52,258 in Wednesday's intra-day trade and down 6.7% in the past one week as sustained FIIs selling and earnings disappointment weighed.
Sula's consolidated net profit fell to Rs 14.48 crore ($1.72 million) in the quarter ended Sept. 30, from Rs 23.09 crore a year ago
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
The uptick in the stock price came after the company said it has recorded its highest ever Q1 net revenue and own brands revenue