Sula Vineyards

June 23 (Reuters) - Sula Vineyards Ltd SULA.NS:

• SULA VINEYARDS - UNIT COMPLETES ACQUISITION OF DOMAINE CHANDON INDIA ASSETS

• SULA VINEYARDS - UNIT TO PAY REMAINING 50 MILLION RUPEES WITHIN 12 MONTHS

Source text: ID:nNSE49tyzt

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** Shares of India's alcohol manufacturers rise 1.6% to 2.8% as UK-India trade deal set to take effect next month

** India said its concerns over the UK's forthcoming steel tariff regime, ‌which threatened to delay implementation of the agreement, have been addressed

** Shares of United Spirits UNSP.NS up 2.8%, Radico Khaitan RADC.NS rises 1.8%, Allied Blenders and Distillers ALLE.NS up 1.7%

** Tilaknagar Industries TILK.NS rises 1.8%, and Sula Vineyards SULA.NS up 1.6%

** YTD, UNSP down 6.7%, RADC up 10.1%, ALLE up 4.2%, TILK down 4.8%, and SULA down 26.3%

(Reporting by Abhinav Parmar in Bengaluru)

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June 16 (Reuters) - Sula Vineyards Ltd SULA.NS:

• SULA VINEYARDS - TOTAL TAX AND PENALTY AMOUNT IS 81.2 MILLION RUPEES

Source text: ID:nNSE4n6Bxy

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Sula Vineyards said its board has approved the sale of the company's registered office in Andheri, Mumbai, for at least ₹27 crore to an arm's-length third party. The purchaser is not part of the promoter group or a related party. The property disposal is part of a strategy to optimise assets and shift administrative focus closer to the winery operations in Nashik. Consequently, the registered office will relocate from 901 to 201 in the same Solaris One building in Andheri East, effective 1 July 2026, remaining under the jurisdiction of ROC Mumbai I. The board meeting was held on 10 June 2026 and lasted twelve minutes.

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June 10 (Reuters) - Sula Vineyards Ltd SULA.NS:

• SULA VINEYARDS - TO SELL REGISTERED OFFICE PREMISES FOR NOT LESS THAN 270 MILLION RUPEES

Source text: ID:nNSE6737yv

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May 19 (Reuters) - Sula Vineyards Ltd SULA.NS:

• SULA VINEYARDS LTD - ABHISHEK KAPOOR RESIGNS AS CFO EFFECTIVE 14 JULY 2026

• SULA VINEYARDS LTD - APPOINTS RINKU MORE AS CFO DESIGNATE EFFECTIVE 15 JULY 2026

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May 6 (Reuters) - India's Sula Vineyards SULA.NS reported a lower profit for the fourth quarter on Wednesday, as rising costs and weak demand squeezed the winemaker's margins.

• The country's largest wine producer by market share posted a consolidated net profit of 85.9 million Indian rupees ($907,938) for the quarter ended March 31, down 34% from 130.3 million rupees a year earlier.

• Revenue from operations was up 7.1% at 1.43 billion rupees.

• However, total expenses rose 9% to 1.32 billion rupees, outpacing revenue growth and weighing on margins.

• Sula's earnings before interest, taxes, depreciation and amortization (EBITDA) fell marginally from last year, on higher costs for blended grapes and a one-off inventory-related gain in the same quarter last year.

• Young consumers across the world are moving away from alcoholic and sugary beverages and swapping them for healthier alternatives, pushing many liquor companies to introduce zero-alcohol variants.

• The winemaker's gross margin contracted to 70.7%, down 7.45 percentage points from last year.

• However, growth in Sula's elite and premium wine portfolio accelerated during the quarter.

($1 = 94.6100 Indian rupees)

(Reporting by Bipasha Dey and Devika Nair in Bengaluru; Editing by Diti Pujara)

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March 25 (Reuters) - Sula Vineyards Ltd SULA.NS:

• UNIT TO PURCHASE SOME ASSETS OF DOMAINE CHANDON INDIA FROM MOËT HENNESSY INDIA FOR 200 MILLION RUPEES

• ASSETS INCLUDE LAND, BUILDINGS, PLANT, MACHINERY FORMING THE ESTATE OF DOMAINE CHANDON INDIA

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March 20 (Reuters) - Sula Vineyards Ltd SULA.NS:

• SULA VINEYARDS LTD - RE-APPOINTS RAJEEV SAMANT AS MANAGING DIRECTOR AND CEO FOR THREE YEARS FROM APRIL 2026

Source text: ID:nBSE6PWTtv

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** Shares of India's Sula Vineyards SULA.NS fall 2.6% to 183.30 rupees

** Sula, India's largest winemaker by market share, posts a 68% y/y fall in third-quarter profit to 91 million rupees ($1.01 million) on subdued demand in a key market and higher expenses

** Trading vols at 15,329 shares vs 30-day-avg of 338,050 shares

** SULA dropped 48% in 2025

** Stock down 13.3% so far in 2026

($1 = 90.5150 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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Feb 6 (Reuters) - Sula Vineyards SULA.NS, India's largest winemaker by market share, reported a 68% fall in quarterly profit on Friday, as subdued demand in a key market and higher expenses weighed on its bottom line.

The company reported a consolidated net profit of 91 million rupees ($1 million) for the quarter ended December 31, compared with 280.6 million rupees a year earlier, according to a filing to exchanges.

Revenue fell about 10% to 1.96 billion rupees, hurt by subdued demand in the southern Indian state of Karnataka, its second-largest market, the company said.

Younger consumers globally are increasingly shunning alcoholic and sugary drinks in favour of healthier juices, prompting many liquor makers to launch zero-alcohol beer variants.

Higher costs during the quarter, including a one-time charge of 17 million rupees linked to the implementation of India's new labour codes, weighed on margins for Sula.

The country's new labour codes, the biggest overhaul of worker laws in decades, were implemented last November and have dented Indian corporate earnings across sectors.

Sula's wine tourism revenue rose 34% year-on-year, partly offsetting weakness in its core own-brands business, which accounts for about 90% of total sales.

While demand for premium wines held up in some urban markets, it was not enough to offset cost pressures and regional weakness during the quarter, the company said.

($1 = 90.6430 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai and Surbhi Misra in Bengaluru; Editing by Ronojoy Mazumdar)

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** Shares of Sula Vineyards SULA.NS jump 4% to 260.95 rupees, its biggest intraday pct gain since mid-June

** Winemaker looking to enter premium spirits market, acquire smaller brands, CNBC-TV18 reports

** Sula did not immediately reply to a Reuters' request for comment

** More than 2.9 mln shares traded so far, 14x of 30-day avg

** Co posted a nearly 87% drop in profit for June-qtr

** YTD, SULA down ~35%

(Reporting by Komal Salecha)

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** Shares of Sula Vineyards SULA.NS fall 4.2% to 267 rupees, on track for their steepest intraday fall since March, if trend holds

** Winemaker posts ~87% drop in profit for June-qtr, total revenue down 8%

** SULA set for seventh straight day of losses

** "Own brands growth was muted due to continued urban demand softness," CEO Rajeev Samant said in a statement

** Stock down 36% YTD

(Reporting by Urvi Dugar)

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July 11 (Reuters) - Sula Vineyards Ltd SULA.NS:

• Q1 REVENUE FROM OPERATIONS DOWN 7.9% Y/Y

• OWN BRANDS REVENUE REMAINED SUBDUED DUE TO CONTINUED SLOWDOWN IN URBAN CONSUMPTION

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May 8 (Reuters) - India's biggest winemaker Sula Vineyards SULA.NS reported a nearly 4% fall in fourth-quarter profit on Thursday, hurt by a prolonged slowdown in urban consumption.

Demand for discretionary goods remains weak in Indian cities and towns due to high living costs and sluggish wage growth, despite easing inflation.

Sula gets about 90% of its revenue from urban markets.

The company's consolidated net profit fell to 130.03 million rupees ($1.5 million) in the quarter ending March 31, from 135.5 million rupees a year ago.

The continued slowdown in urban consumption and short-term destocking in a few states were among reasons for subdued sales in the quarter, Chief Executive Officer Rajeev Samant said.

The winemaker's own brands segment, which contributed to 82% of the total revenue, saw a 2.9% decline in revenue during the quarter.

Its smaller wine tourism segment saw a 24.6% increase in revenue, mainly driven by sales from its "Sulafest" in February.

Total revenue rose marginally to 1.33 billion rupees from 1.32 billion rupees a year ago, while total expenses rose about 3% to 1.21 billion rupees.

Sula's core profit margin contracted to 21.4% from 22.4% a year ago.

($1 = 85.3990 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru; Editing by Krishna Chandra Eluri)

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April 11 (Reuters) - Sula Vineyards Ltd SULA.NS:

• REVENUE FROM OPERATIONS FOR Q4 FY25 AT 1.33 BILLION RUPEES, UP 0.7% YOY

• RECORDS MODEST REVENUE GROWTH IN Q4 FY25

Source text: ID:nBSE8H0qWx

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** Shares of Indian winemaker Sula Vineyards SULA.NS down ~4% at 350.3 rupees

** Co reports a 35% fall in Q3 profit on lower demand amid a slowdown in urban consumption and election-related disruptions in Maharashtra state, a key market for co

** Total revenue down 0.4% in Q3, while total expenses up 11.4%

** Sula gets about 90% of its revenue from urban markets

** Sula's profit margin contracts to 24.8% from 33.5% last year

** Including session's decline, shares have fallen 45.5% y/y

(Reporting by Ananta Agarwal in Bengaluru)

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Feb 5 (Reuters) - Sula Vineyards Ltd SULA.NS:

• SULA VINEYARDS Q3 CONSOL NET PROFIT 280.6 MILLION RUPEES

• SULA VINEYARDS Q3 CONSOL REVENUE FROM OPERATIONS 2.17 BILLION RUPEES

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Dec 12 (Reuters) - Sula Vineyards Ltd SULA.NS:

• SULA VINEYARDS- ASSISTANT COMMISSIONER OF STATE TAX INITIATED INSPECTION IN CO'S MUMBAI OFFICE

• SULA VINEYARDS- SEARCH IN CO'S OFFICE CONCLUDED ON DEC 11, NO UNTOWARD INCIDENCE OR BEHAVIORAL ISSUE

• SULA VINEYARDS- ASSISTANT COMMISSIONER OF STATE TAX'S SEARCH IN CO'S PPOB IN NASIK CONTINUED

Source text: ID:nBSE2kcnF8

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** Sula Vineyards SULA.NS slips 8% to 382.4 rupees, lowest since April 28, 2023

** Wine maker's Q2 profit falls 37%, as slowdown in discretionary spending, especially in urban areas, dampened demand

** Rev drops 1.1%, while total expenses up ~10%

** SULA trading below key 50-, 100-, 200- day moving avg

** Stock marks busiest day in a week, with over 260,000 shares traded

** SULA loses 21% YTD, vs 29% surge in peer United Spirits UNSP.NS

(Reporting by Aleef Jahan in Bengaluru)

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Nov 12 (Reuters) - Sula Vineyards Ltd SULA.NS:

• SULA VINEYARDS Q2 CONSOL NET PROFIT 144.8 MILLION RUPEES

• SULA VINEYARDS Q2 CONSOL REVENUE FROM OPERATIONS 1.41 BILLION RUPEES

Source text: ID:nBSE6KLHq0

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Oct 11 (Reuters) - Sula Vineyards Ltd SULA.NS:

• Q2 NET REVENUE DOWN 1.3% Y/Y

Source text for Eikon: ID:nBSE39X5jB

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Sept 19 (Reuters) - Sula Vineyards Ltd SULA.NS:

• SULA VINEYARDS LAUNCHES SULA MERLOT

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BENGALURU, Aug 7 (Reuters) - India's Sula Vineyards SULA.NS reported a rise in quarterly profit on Wednesday as consumers snapped up more of its cheaper wine, outpacing feeble demand for its premium offerings due to national elections and heatwaves during the period.

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.

Its profit had fallen in the previous quarter.

About 70% of the company's sales come from its key states of Maharashtra and Karnataka. Sula is also expanding its operations in other states including Telangana and Rajasthan, where sales have picked up pace.

Sula's revenue grew more than 10% during the quarter to 1.28 billion rupees, its second straight quarter of growth, aided by a 24.4% jump in its cheaper wine segment.

Its elite and premium segment, however, logged a 7.4% decline in sales volume. The business accounts for 71% of its revenue.

National elections led to restrictions on the alcohol beverage industry and, this, coupled with heatwaves, hurt the company's sales during the quarter, CEO Rajeev Samant said in a statement.

Sula, the only listed winemaker in India, did not provide the sales volume of its cheaper segment or the revenue numbers for its more expensive segment.

Wine sales make up about 88% of its net revenue.

The smaller wine tourism segment logged an 2.3% fall in revenue as fewer people visited its vineyards during the quarter due to heatwaves.

In July, the company said it plans to broaden its wine tourism business and will launch a resort at York Winery, situated at its Nashik property in Maharashtra in 2026.

($1 = 83.9230 Indian rupees)

(Reporting by Varun Hebbalalu and Ashna Teresa Britto in Bengaluru; Editing by Sonia Cheema)

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July 25 (Reuters) - Sula Vineyards Ltd SULA.NS:

• SULA VINEYARDS - GOT SHOW CAUSE CUM DEMAND NOTICE FROM TAX AUTHORITY

• SULA VINEYARDS LTD - IMPACT ON FINANCIAL ACTIVITIES 40.2 MILLION RUPEES

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July 10 (Reuters) - Sula Vineyards Ltd SULA.NS:

• Q1 NET REVENUE UP 9.7% Y/Y

• WILL BEGIN BOTTLING AT UNIT IN MAHARASHTRA

• TRANSITION ECONOMY, POPULAR BRANDS TO THIRD-PARTY SALES FORCE MODEL IN MAHARASHTRA

• STRATEGY WILL ALLOW CO'S SALES FORCE TO FOCUS ON ELITE AND PREMIUM BRANDS

Source text for Eikon: ID:nBSE4Rj7Qy

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By Kashish Tandon

BENGALURU, June 27 (Reuters) - Indian whisky maker Allied Blenders and Distillers' ALLE.NS $180-million IPO was oversubscribed on Thursday but fell short of the blowout demand for recent issues amid concerns about its growth prospects in an increasingly competitive liquor market.

The IPO, the first by an alcohol company since Sula Vineyards' SULA.NS in 2022, received bids for 924.9 million shares, worth up to $3.12 billion and about 23 times the 39.4 million shares on offer, exchange data showed.

In contrast, all the four previous IPOs on the main exchange this month, including engineering firm DEE Development Engineers DEEV.NS, were oversubscribed by around hundred times.

Most of the bids came in the final hours of bidding on Thursday, with institutional buyers bidding for 50 times the shares allotted, while retail investors bid for about four times the allotment.

Allied Blenders, which sells 'Officer's Choice' and 'Sterling Reserve' whisky, is going public in a booming Indian IPO market.

A total of 129 companies have raised $4.32 billion in IPOs so far this year, more than double the amount raised by this time last year, per LSEG data, with the domestic equity market at an all-time high on the prospect of healthy economic growth.

Allied Blenders faces stiff competition in India's $33 billion spirits market, including from Radico Khaitan's RADC.NS 'Rampur Whisky' and Diageo-owned United Spirits' UNSP.NS 'Johnnie Walker' and 'Black Dog'.

The company's share of the premium portfolio is relatively lower than its peers, meaning its growth rates may not be that strong, said Karan Taurani, an analyst at Elara Capital.

Taurani does not expect the stock to rise much when it makes its market debut.

Allied Blenders ranked third in terms of whisky sales in India in fiscal 2023, according to its prospectus, trailing United Spirits and 'Chivas Regal'-maker Pernod Ricard PERP.PA.

Its core profit (EBITDA) margin is also less peers', Taurani noted.

Anchor investors, including domestic mutual funds, had already subscribed to shares worth 4.5 billion rupees.

The offer included a fresh issue worth 10 billion rupees, while co-chairperson Bina Chhabria and vice chairperson Resham Chhabria Hemdev were seeking to up to 5 billion rupees in stock.

($1 = 83.5850 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Savio D'Souza)

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** Shares of Sula Vineyards SULA.NS down 4.1% at 519.8 rupees, on track for worst day since March 13

** Co's Q4 profit fell 5% YoY

** Stock down ~5% so far this week, set for worst week since late Feb

** United Breweries UBBW.NS posted 8x surge in Q4 profit

** United Spirits UNSP.NS, Radico Khaitan RADC.NS yet to report

** SULA up 4.3% YTD; UBBW and UNSP each up ~11% and RADC up 1.3%

(Reporting by Varun Vyas in Bengaluru)

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BENGALURU, May 8 (Reuters) - Sula Vineyards SULA.NS, India's biggest wine maker by revenue, reported a 5% drop in fourth-quarter profit on Wednesday, as mounting expenses overshadowed steady demand for its premium brands such as Rasa and Dindori.

The Mumbai-headquartered company's consolidated net profit fell to 135.5 million rupees ($1.6 million) in January-March from 142.4 million rupees a year ago.

Rapid growth of restaurants and increasing incomes have nudged India's rising well-to-do young crowd towards wine consumption.

Sula's revenue rose nearly 10% to 1.32 billion rupees in the quarter on a 14% jump in wine sales.

However, the cost of raw materials, which include grapes, sugar and yeast, surged nearly 9% to 888.8 million rupees, hurting its profit.

The winemaker's earnings before interest, tax, depreciation and amortization margin contracted to 25.3% from 26.4% a year ago.

The company's wine tourism segment grew more than 31%.

"Wine tourism is a top priority and we are expanding fast," CEO Rajeev Samant said in a statement.

Sula recommended a final dividend of 4.50 rupees per share. Its shares closed up 1% ahead of results.

($1 = 83.4700 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sonia Cheema and Mrigank Dhaniwala)

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** Shares of Sula Vineyards SULA.NS rise as much as 5.1% to 584 rupees; last up 2.4%

** Indian winemaker said Q4 sales for its own brands reported a growth of 9% y/y and 11% for FY24 over FY23

** Wine tourism Q4 revenue rose 31% y/y and 22% for FY24 over FY23

** More than 1.1 mln shares change hands by 10:16 a.m. IST, 1.8x the 30-day avg

** SULA up 14% YTD, while peers United Spirits UNSP.NS, United Breweries UBBW.NS and Radico Khaitan RADC.NS are up between 0.8% and 3.2%

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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