Sula Vineyards Limited — Updates, 14-01-2025: Press Release

Sula Vineyards has reported its highest ever Own Brands revenue during Q3 FY25, totaling ₹194.7 crore, representing a 1% year-over-year increase. The wine tourism segment also showcased remarkable growth with revenues of ₹16.4 crore, up by 11.5% compared to the same period last year. Overall net revenue for the quarter was ₹217.3 crore, a slight decline of 0.7% year-over-year. The Elite & Premium portfolio experienced a 6% growth, bolstered by strong performances from flagship brands like The Source and RASA.

Looking ahead, the company is gearing up for SulaFest in Q4, which is expected to attract significant interest, aided by strong advance ticket sales. With a strong foothold in the Indian wine market and over 50% market share, Sula continues to innovate and expand its offerings, enhancing its brand presence and customer loyalty. The positive momentum suggests an encouraging outlook for both revenue growth and market positioning, making it a stock to watch closely.