Sula Vineyards Ltd

(SULA)

Sula Vineyards Faces Revenue Decline, Remains Optimistic - 20 Nov, 2024

Sula Vineyards reported a 4.5% decline in September 2024 net sales and a significant drop in profit. CEO Rajeev Samant remains cautiously optimistic about recovery in urban demand despite current challenges.

Sula Vineyards Reports Growth and Expansion Plans - 17 Nov, 2024

Sula Vineyards leads with a 60% market share in 2023. It recorded a 10% YoY growth in wine tourism revenue and plans to expand facilities in Nashik and Karnataka, including a new resort by 2026.

Sula Vineyards Faces Significant Decline Amid Weak Results - 14 Nov, 2024

Sula Vineyards shares have dropped 45% from their January peak, with Q3 revenue down 1.1% and EBITDA down 24%. The stock is currently at ₹399, showing oversold conditions but potential for stabilization between ₹380 and ₹440. Analysts suggest a wait-and-watch approach for clearer signs of recovery.

Sula Vineyards Faces Sharp Decline After Q2 Results - 13 Nov, 2024

Sula Vineyards reported a 37% decline in net profit for Q2FY25, leading to a significant drop in share price. The company cited a slowdown in discretionary spending, particularly in urban areas, as a key factor affecting performance. Shares fell over 6%, reaching a 52-week low amid disappointing financial results.

Sula Vineyards Q2 Profit Declines Amid Weak Demand - 12 Nov, 2024

Sula Vineyards reported a 37% decline in net profit for Q2, falling to Rs 14.48 crore, attributed to sluggish urban consumer spending and rising costs. Total revenue decreased by 1.1%, while expenses rose by approximately 10%. Technical issues with the Excise portal also impacted sales.

Sula Vineyards Celebrates 25 Years with New Merlot - 25 Oct, 2024

Sula Vineyards marks its 25th anniversary by launching Sula Merlot, the first addition to its core series in nearly a decade. The winery emphasizes sustainability through innovative water conservation strategies and solar energy use, aiming for lower alcohol levels to enhance natural flavors.

Sula Vineyards COO Karan Vasani Resigns - 22 Oct, 2024

Sula Vineyards Limited announced the resignation of COO Karan Vasani, effective December 20, 2024, after 11 years with the company, citing personal reasons.