India's Sula Vineyards jumps on higher Q4 sales

Sula Vineyards

09/04/2024 05:50

** 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)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))