NEWS
INDIA SULA VINEYARDS PROFIT SLUMPED 58%
By Staff Reporter
12-11-2025
Source: Sula Vineyards
India's Sula Vineyards reported a 58 percent slump in quarterly profit on Monday, hurt by sales disruption in the southern state of Telangana - the winemaker's third largest market.
Liquor stores in Telangana have not been restocking ahead of the expiry of the current licenses in November, Reyters news agency quoted Sula as saying.
The license auction process is ongoing, which the company expects will drive "a good recovery" towards the fourth quarter of the current fiscal year.
Consolidated net profit slumped to INR60.2 million (USD684,908) for the second quarter ended 30 September, compared to INR144.8 million a year earlier.
Revenue from Sula's "own brands" segment, which houses its Dindori and eponymous wines and makes up roughly 90 percent of revenue, declined nearly 3 percent, Reuters reported.
"Own brands” performance was subdued, primarily due to a short-term ... disruption in Telangana," CEO Rajeev Samant said in a statement.
Excluding Telangana, however, the "own brands" segment posted revenue growth in the low single-digit percentage range, becoming the latest consumer goods maker to show signs of sales revival in urban India after a prolonged lull.
Total revenue fell 1 percent to INR1.4 billion.
Expenses rose about 7 percent with core earnings margin shrinking 557 basis points to 18.2 percent.
(the writer can be contacted at: info@thewinechronicle.com)
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