Latest news with #SulaVineyards'
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Business Standard
14-07-2025
- Business
- Business Standard
Sula Vineyards shares slip 3% on weak Q1 sales update; revenue falls 8% YoY
Sula Vineyards share price: Wine maker Sula Vineyards shares were under pressure on Monday, July 14, 2025, with the stock dropping up to 2.68 per cent to an intraday low of ₹291.50 per share. Around 12:00 noon, Sula Vineyards share price was trading at 1.19 per cent lower at ₹296 per share. In comparison, BSE Sensex was trading 0.47 per cent lower at 82,113.53 levels. Why did Sula Vineyards share price fall in trade today? Sula Vineyards share price fell after reporting a weak June quarter of the financial year 2026 (Q1FY26) sales update. The wine maker's revenue from operations dropped 7.9 per cent year-on-year (Y-o-Y) to ₹118.3 crore in Q1FY26, from ₹128.4 crore in the same quarter last year (Q1FY25). Sula Vineyards' Own Brands' sales dropped 10.8 per cent Y-o-Y to ₹102.3 crore in Q1FY26, from ₹114.6 crore in Q1FY25. 'Own Brands revenue remained subdued due to the continued slowdown in urban consumption. Additionally, the increase in excise duties on spirits in Maharashtra, effective 25th June, prompted heavy pre-loading of spirits by the trade aiming to capitalise on pre-revision prices, thereby temporarily blocking the trade placement for wine. Notably, the excise duties on wine remain unchanged, which bodes well for the industry going forward,' Sula Vineyards said, in a statement. However, wine tourism grew 21.8 per cent Y-o-Y to ₹13.7 crore in the June quarter of FY26, from ₹11.3 crore in the June quarter of FY25. 'Wine Tourism continued to demonstrate strong momentum, reporting its highest ever Q1 revenue, propelled by an increase in footfalls, record Q1 resort occupancy and spends per guest. In a further boost, Sula just got closer with the operationalisation of the Samruddhi Highway in June 2025, reducing travel time from Mumbai to Nashik by nearly an hour. Adding to the good news, The Dindori Tasting Room and Bottle Shop at ND Wines are now open and well-positioned to attract wine enthusiasts, given its proximity to the Gujarat border,' the company said. Moreover, the share of Elite & Premium improved in Q1FY26 supported by strong double-digit growth in The Source and RĀSĀ. Apart from that, Sula Vineyards also announced the launch of 'Sula Muscat Blanc', India's first low alcohol still Muscat wine with just 7.5 per cent ABV. Muscat / Moscato is the world's fastest growing white wine in the past decade. 'This is our second wine launch of the Muscat varietal after 'The Source Moscato', which has been Sula's fastest wine to hit 10,000 cases. Part of the bestseller Sula Vineyards range, 'Sula Muscat Blanc' will initially be available in wine shops across Maharashtra, with Karnataka to follow in the coming months,' Sula Vineyards added. About Sula Vineyards Sula Vineyards Limited is India's largest wine producer, commanding over 50 per cent of the domestic market. With nearly 70 wine labels catering to a wide range of consumers, the company has become the country's most recognised wine brand. It operates five modern wineries across Maharashtra and Karnataka and distributes over a million cases annually. The company is also a pioneer in wine tourism, having launched India's first Winery Tasting Room in 2005 and the first vineyard resort in 2010. These attractions, including luxury stays and wine-themed restaurants in Nashik and near Bangalore, draw over 330,000 visitors each year. The market capitalisation of Sula Vineyards is ₹2,498.99 crore, according to BSE. The company falls under the BSE SmallCap category.
Business Upturn
10-07-2025
- Business Upturn
Sip and Savour: Enjoy a Wine Tasting Experience in Ramnagara
Ramanagara, only an hour from Bengaluru's urban hustle, reveals Karnataka's best-kept secret: blooming vineyards set against spectacular rocky terrain. This area, known for its silk manufacturing and adventure sports, has evolved into a wine lover's heaven. The particular terroir blends warm days, chilly nights, and mineral-rich soil to create wines worth savouring. Discover how Ramanagara changes weekend trips by combining rural charm with exquisite wine experiences in the rolling vine-covered hills. The Wine Heritage of Karnataka Karnataka's wine narrative started in the 1990s when pioneers discovered the region's potential for viticulture. The region's granite-rich soil, along with Ramanagara's distinctive microclimate (warm days and cool nights), produces perfect conditions for cultivating wine grapes. This diurnal temperature variance promotes taste development in varieties such as Shiraz, Cabernet Sauvignon, Chenin Blanc, and the adaptable Bangalore Purple. Over three decades, Karnataka has grown from experimental vines to India's second-largest wine producer. Government programs supporting wine tourism have transformed the industry since 2007 by creating wine routes and events to highlight regional vintages. Today, Ramanagara represents Karnataka's successful wine journey. Top Vineyards to Visit in Ramanagara Ramanagara's gorgeous setting has become home to several great vineyards, each providing distinct wine experiences set against a magnificent granite hill backdrop. Domaine Sula (Sula Vineyards' Karnataka Winery) The top wine destination in Karnataka is Domaine Sula, which combines the renowned knowledge of Sula with the rich soils of Ramanagara. Wine fans enjoy guided tours that uncover the secrets behind their award-winning wines. From crisp whites to strong reds, the vineyard produces superb wines that represent the region's terroir. The property has gorgeous architecture that matches the surrounding scenery, and tasting rooms overlook endless vine rows. Seasonal wine harvesting and food pairing seminars on weekends. Booking online car rentals ensures a stress-free journey from Bangalore to this premier vineyard. Heritage Winery (Kādu Wines) Heritage Winery stands out for its Kādu wines, which are India's first 'Wine for a Cause' to fund tiger conservation efforts. Each bottle helps to safeguard Karnataka's wild tigers, so every sip counts. Their trademark wines are the powerful Shiraz and delicate Sauvignon Blanc types that have received great praise. The winery's historical tour includes tours through the gorgeous vineyards and production buildings. Visitors can enjoy guided tastings of six different wines while learning about conservation efforts. The event concludes with a three-course lunch comprising European and Indian cuisine. Access to this hidden gem becomes convenient with a reliable car on rent in Bangalore. Ranch at Big Banyan Vineyard & Resort With its stunning vineyard-resort mix, The Ranch elevates wine tasting into a full-day vacation. The vineyard focuses on handcrafted small-batch wines, assuring excellence in every bottle. Live music complements wine tastings on weekends, creating a joyful vibe. Their restaurant delivers organic food that enhances wine tastes. The neighbouring historic Big Banyan Tree provides natural beauty to your visit. Many wine lovers use online car rentals to tour this vineyard at their leisure, often extending their vacation to take in sunset views over the vine-covered hills. The Wine Tasting Experience A wine-tasting experience in Ramnagara is an engaging journey through flavours, scents, and tales rooted in the local soil. Most vineyards greet visitors with a guided tour of their facilities, which often begins with a stroll around the vineyard itself. You'll learn about grape farming, harvesting, and the winemaking process. The tasting normally consists of sampling many varietals, ranging from crisp whites to robust reds, each accompanied by professional comments regarding taste notes and origins. Tips for Wine Tasting Etiquette for Beginners People unfamiliar with wine tasting should first observe a few basic etiquette tips: Prevent hand heat by holding the wine glass by the stem. Start with lighter wines, then move to stronger ones. Swirl gently to unleash the wine's aromas. Sniff the wine before drinking to enjoy its fragrance. Take modest sips and allow the wine to linger to fully enjoy its richness. Avoid wearing strong perfumes or cologne since they might mask the wine's fragrance. Food Pairings Commonly Offered with Local Wines To elevate the tasting experience, several vineyards provide specially designed food pairings. Cheese, olives, nuts, and regionally inspired meals are often served to complement the wine's character. Some restaurants also provide traditional Karnataka starters or fresh bread to highlight the intricacies of their signature blends. Best Times to Visit for Optimal Experiences The best time to go wine tasting in Ramnagara is between December and March, when the weather is favourable and the vineyards are active after harvest. Booking a car on rent in Bangalore for a pleasant and beautiful trip to this countryside gem will help to simplify the journey. Wrapping Up Wine tasting in Ramnagara is most enjoyable when you do not have to bother about driving or navigating. Savaari Car Rentals provides dependable cars for rent, with skilled chauffeurs to manage the roads, while you drink, enjoy, and explore at your leisure. Book a comfortable ride now to make your wine tour genuinely memorable. Ahmedabad Plane Crash
