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Sula Vineyards Ltd News

Sula Vineyards stock price gains on highest ever Q1 revenue of Rs 130 crore

The uptick in the stock price came after the company said it has recorded its highest ever Q1 net revenue and own brands revenue

Sula Vineyards stock price gains on highest ever Q1 revenue of Rs 130 crore
Updated On : 11 Jul 2024 | 10:03 AM IST

Wine maker Sula Vineyard eyes double-digit growth aided by premiumisation

The premium and elite section of the winery has grown at a compound annual growth rate of 15-20 per cent over the last three years

Wine maker Sula Vineyard eyes double-digit growth aided by premiumisation
Updated On : 23 Jun 2024 | 11:06 PM IST

Alcoholic beverages shares in demand; Tilaknagar up 14%; USL hits new high

Globally, India is set to become the fifth-largest contributor to the AlcoBev market's revenues in the near to medium term.

Alcoholic beverages shares in demand; Tilaknagar up 14%; USL hits new high
Updated On : 05 Jun 2024 | 3:09 PM IST

CLSA's $1.2-trillion small, midcap stock bets: Check top India stock picks

Fino Payment Bank, Max Financial, Sula Vineyards and Embassy REIT among top midcap and small-cap stocks by CLSA.

CLSA's $1.2-trillion small, midcap stock bets: Check top India stock picks
Updated On : 13 May 2024 | 9:52 AM IST

Sula Vineyards share drops 7% on weak Q4 performance

The fall came on the back of weak quarter-ending March performance by the winemaker. Its net profit fell over 4 per cent on a year-on-year (Y-o-Y) basis to 13.6 crore in Q4FY24

Sula Vineyards share drops 7% on weak Q4 performance
Updated On : 09 May 2024 | 11:52 AM IST

Sula Vineyards Q4 results: Net profit declines 4.85% to Rs 13.55 crore

Wine producer Sula Vineyards Ltd on Wednesday reported a 4.85 per cent decline in consolidated net profit to Rs 13.55 crore in the fourth quarter ended March 2024. The company had posted a consolidated net profit of Rs 14.24 crore in the same quarter a year ago, Sula Vineyards said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 131.7 crore as against Rs 120 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 116.83 crore compared to Rs 100.83 crore in the corresponding period previous year, the company said. "Our premiumisation efforts have succeeded in raising our Elite and Premium wine share to an all-time high of 75.1 per cent in Q4, up from 71.7 per cent a year ago," Sula CEO Rajeev Samant said. Further, he said, "Our wine tourism revenues grew in double digits, for the fifth quarter in a row. Wine tourism is a top priority and we are expanding fast." Samant said after the ...

Sula Vineyards Q4 results: Net profit declines 4.85% to Rs 13.55 crore
Updated On : 08 May 2024 | 8:02 PM IST

Two entities divests 11.8% stake in Sula Vineyards for Rs 573 crore

Investment firm Verlinvest Asia Pte and Mousserena LP divested a total of 11.8 per cent stake in leading wine producer Sula Vineyards for Rs 573 crore through open market transactions. Verlinvest Asia Pte offloaded 70,42,275 shares representing 8.34 per cent equity stake of Sula Vineyards and Mousserena LP disposed of 29,00,000 shares representing 3.44 pc stake of the Nashik-based wine producer, as per bulk deal data with the NSE. The shares were sold in a price range of Rs 575.47-576.78 apiece, taking the combined transaction value to Rs 573.07 crore. After the latest transaction, Verlinvest Asia Pte has exited the firm by selling its entire stake, while Mousserena LP's shareholding has declined to 0.22 per cent from 3.66 per cent stake in the firm. Meanwhile, Morgan Stanley Asia Singapore Pte acquired more than 8.65 lakh shares, representing a 1.03 per cent stake in Sula Vineyards for Rs 50 crore. The shares were bought at an average price of Rs 575 per piece, taking the deal va

Two entities divests 11.8% stake in Sula Vineyards for Rs 573 crore
Updated On : 19 Feb 2024 | 11:08 PM IST

Minda Corp rallies 9%; Sula Vineyards slips 8% after huge block deals

Till 01:50 pm; as many as 10.96 million equity shares representing 4.58 per cent of total equity of Minda Corp have changed hands on the BSE, the exchange data shows.

Minda Corp rallies 9%; Sula Vineyards slips 8% after huge block deals
Updated On : 19 Feb 2024 | 2:32 PM IST

Sula Vineyards Q3 results: Profit up 9% at Rs 42.98 cr on strong demand

The Mumbai-headquartered company said its consolidated net profit rose to Rs 42,98 crore ($5.2 million) from Rs 39.28 million rupees year ago

Sula Vineyards Q3 results: Profit up 9% at Rs 42.98 cr on strong demand
Updated On : 13 Feb 2024 | 7:59 PM IST