India's Sula Vineyards falls on lower Q3 profit

Sula Vineyards

06/02/2025 04:53

** Shares of Indian winemaker Sula Vineyards  SULA.NS  down
~4% at 350.3 rupees
    ** Co reports a 35% fall in Q3 profit on lower demand amid a
slowdown in urban consumption and election-related disruptions
in Maharashtra state, a key market for co
    ** Total revenue down 0.4% in Q3, while total expenses up
11.4%
    ** Sula gets about 90% of its revenue from urban markets
    ** Sula's profit margin contracts to 24.8% from 33.5% last
year
    ** Including session's decline, shares have fallen 45.5% y/y
    

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))