Sula Vineyards shares dip 2% as Q1 revenue falls 8% YoY to Rs 118.3 crore
Sula Vineyards shares slipped around 2% in early trade today after the company posted a mixed set of results for the quarter ending June 2025. As of 9:22 AM, the shares were trading 2.47% lower at Rs 292.20.
The winemaker's consolidated net revenue came in at ₹118.3 crore, down 7.9% from ₹128.4 crore in the same quarter last year. A major drag was the company's core own-brand wine business, which saw a 10.8% dip in revenue, falling to ₹102.3 crore. Sula attributed the decline to continued weakness in urban consumption and the after-effects of trade pre-loading in Maharashtra due to changes in excise policy last year.
However, Sula clarified that last year's numbers included a one-time gain of ₹10.4 crore from the unwinding of a WIPS contract. If that's excluded, this year's underlying revenue was broadly flat year-on-year.
One bright spot was the wine tourism segment. Revenue from this division rose 21.8% to ₹13.7 crore, helped by higher footfalls, record Q1 occupancy at Sula's resorts, and increased guest spending. The newly built Samruddhi Highway, which cuts travel time from Mumbai to Nashik, also gave a boost to tourism.
On the product front, Sula's premium wines—like The Source and RASA—continued to perform well. The company also launched a new product: Sula Muscat Blanc, India's first low-alcohol Muscat wine with just 7.5% alcohol content.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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