Sula Vineyards is in talks to acquire 2-3 small brands to enter whisky, scotch and vodka segments, reports CNBC-TV18
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Sula Vineyards share price: The revenue generated from its own brands dipped nearly 11% on-year to Rs 102.3 crore in Q1 FY26 from Rs 114.6 crore in Q1 FY25.
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Other liquor stocks like Allied Blenders & Distillers, Radico Khaitan and United Spirits strongly tumbled on the back of the rise in duty on Indian Made Foreign Liquor.
Sula Vineyards reported a net profit of Rs 13.03 crore for the fourth quarter of FY25. This marks a 4 percent fall from the Rs 13.55 crore net profit reported in Q4 FY24
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Looking ahead, Sula Vineyards is set to enhance its wine tourism offerings with a 3,500 sq. ft. Dindori tasting room and bottle shop at ND Wines
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Q2 was a subdued quarter, due to a slowdown in consumer discretionary demand, particularly in urban areas, said the Sula CEO.
Stocks like Bosch, MedPlus Health Services, PNC Infratech, Sula Vineyards, Gujarat State Fertilizers & Chemicals, DCX Systems, PTC India, Repco Home Finance, and Varun Beverages will also be in focus on November 13.
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The country's biggest wine maker's consolidated net profit rose 7% year-on-year to 146.3 million rupees ($1.7 million) for the quarter ended June 30
Sula said it will start bottling at one more unit in Maharashtra. The facility, N D Wines facility, where the bottling will start, was recently acquired by the wine producer, the company said.