India's Sula Vineyards jumps on third quarter sales rise

Sula Vineyards

16/01/2023 06:00

** Shares of Sula Vineyards Ltd  SULA.NS  up as much as
11.5% to 362.70 rupees
    ** The wine producer on Friday said it recorded highest-ever
quarterly gross billings for its own brands as well as in the
wine tourism business
    ** SULA's brand sales rose 13% YoY to 1.87 bln rupees
($22.99 million) in the quarter ended Dec. 31 2022
    ** Revenue from wine tourism rose 13% YoY to 230 mln rupees
($2.83 million) in Q3
    ** Over 3.5 mln shares change hands by 11:13 a.m. IST, 3.5x
the 30-day moving avg
 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))