Wine In India

Sula Vineyards slips 5% on weak Q3 show; PAT down 35%, rev dips marginally

India's biggest winemaker Sula Vineyards reported a 35 per cent fall in third-quarter profit to Rs 28.06 crore in the quarter ending December 31, 2024, from Rs 42.98 crore a year ago

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

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 ...

Wine is not liquor, sale will double farmers' income, says Sanjay Raut

Shiv Sena leader Sanjay Raut on Friday stated that the Maharashtra government's decision to allow the sale of wine in supermarkets and walk-in stores would boost farmers' income."Wine is not liquor. If wine sale increases, farmers will benefit from it. We've done this to double farmers' income," said Raut.Hiiting out at BJP for criticizing the state government's decision, Raut said, "BJP only opposes but does nothing for farmers. Mallikarjun Kharge has said it right. BJP has sold the public sector."Earlier, former Maharashtra chief minister Devendra Fadnavis had said that the Shiv Sena-led coalition government wants to turn Maharashtra into "Madya-rashtra (liquor state)."Maharashtra on Thursday cleared a proposal to sell wine in supermarkets and walk-in stores across the state at a flat annual licensing fee of Rs 5,000. According to the state cabinet, the decision is aimed to ensure a more accessible marketing channel for Indian wineries.

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.

A long, dry summer

A silver lining in the dark clouds of this 10-week lockdown and the attendant downturn in the economy is the possibility that online ordering and home deliveries of at least wines will continue.

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

Wine on screen

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

Undercover wine tasters

It's a pity that good imported wines are so expensive in India

Wine and tax

Here's hoping for more wine-friendly policies in India

Top of the second label

Every Premiere Cru estate has second label, produced from grapes adjudged not sufficiently high quality for their flagship wine, whose wine quality is marginally lower, & is priced at a third or less

India's largest wine store

How profitable will such a venture be, and is the investment justified?

Wine matters and money

Wine consumption in India should by now have jumped to at least 50 million cases