India Wine Market

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 Q2 results: PAT falls 37% to Rs 14.48 cr on low urban demand

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 Vineyards share drops 7% on weak Q4 performance

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

Wine, spirits importers urge states for inflation-linked pricing policy

Premium spirits and wine importers' body ISWAI has urged state governments to implement an inflation-based pricing model, highlighting that industry margins have shrunk due to a rise in raw material costs. As the cost of raw materials used to produce alcohol has gone up substantially and theP of liquor has not been revised in recent years, very little is left for the trade and manufacturers while state governments are taking away as high as 60-80 per cent of the share, according to International Spirits & Wines Association of India (ISWAI) CEO Nita Kapoor. ISWAI is also pressing for rationalisation of excise duty imposed by some state governments, as they try to maximise the revenue collections, and said it will not help in growing volumes. "The industry and manufacturers are now facing a lot of pressure. It's like their back against the wall because if in theP, states share is roughly about 60 to 80 per cent, then what is being left on the trail and the sub-manufacturer is to ...

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 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

Australia FTA: Wine industry gears up for foreign market's entry in India

The duty cut regime on Australian wine under the recent trade agreement strikes a balance between protecting the domestic industry and opening the path for greater investments and tie-ups

Wine maker Sula's IPO to open Dec 12, size Rs 900-1,000 crore, say sources

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

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 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

26-yr-old winemaker Sula to test Indian IPO market after tech unicorns flop

Sula Vineyards Ltd., which last month filed for an initial public offering, says it has over a 50% share of India's small but rapidly growing wine market

Art, jewellery, cars, stocks, real estate: Where do the ultra-rich invest?

According to Knight Frank report, art emerged as the top investment avenue

Goblet full for big wineries, small ones hit rock bottom amid Covid-19

Indian wine companies have necessarily had to adapt to the new normal of markets and consumer behaviour.

Wine ratings explained

Three- and five-point ratings don't address the subject adequately, and wine producers themselves cannot be relied upon to be objective.

The best of Indian wines

The quality (and price) of wines made in India improves/increases each year and there's no question that our best wines are today much better than most imported wines priced at the same level.

Wine stores, shops selling non essential goods to open in Mumbai

The restrictions on sale of non essential items and liquor will continue to remain in force in containment zones in Mumbai and Pune metropolitan regions

Zooming in on lessons

The Daily Dose Red 2016 from Wine Park is a 100 per cent Cabernet Sauvignon that uses organic grapes from a single vineyard in Solapur, Maharashtra

Wine on screen

No wine at home? Here's a list film recommendations by wine consultant Alok Chandra on your favourite drink. Enjoy!

Kingsland, Soul Tree to form JV, UK set for bulk wine imports from India

We believe there is a clear market opportunity for Indian wine, especially in the Indian restaurant sector, said Ed Baker, managing director at Kingsland Drinks