India's Sula Vineyards falls as quarterly profit tumbles

Sula Vineyards

07/08/2025 05:32

** Shares of Sula Vineyards SULA.NS fall 4.2% to 267 rupees, on track for their steepest intraday fall since March, if trend holds

** Winemaker posts ~87% drop in profit for June-qtr, total revenue down 8%

** SULA set for seventh straight day of losses

** "Own brands growth was muted due to continued urban demand softness," CEO Rajeev Samant said in a statement

** Stock down 36% YTD

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com;))