India's Sula Vineyards slips as wine sales drop in Q1

Sula Vineyards

14/07/2025 05:12

** Shares of India's Sula Vineyards SULA.NS fall 2.5% to 292 rupees

** Winemaker said revenue from sales of its brands fell ~11% YoY in Q1 FY26, hit by an urban consumption slowdown

** Overall adjusted revenue was flat y/y in Q1, as the decline in sales was cushioned by a 22% jump in proceeds from wine tourism

** Avg rating of three analysts rating the stock is "hold", median TP is 300 rupees - data compiled by LSEG

** YTD, stock down ~30%

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))