Indian winemaker Sula Vineyards falls as second-quarter profit slumps

Sula Vineyards

11/11/2025 04:46

** Indian winemaker Sula Vineyards SULA.NS falls 2.8% to 244.85 rupees

** Co's second-quarter profit slumps 58% y/y, hurt by sales disruption in the southern state of Telangana; revenue falls 1%

** Liquor stores in Telangana have not been restocking ahead of the expiry of the current licenses in November, Sula said

** Co's core profit margin shrinks 557 basis points to 18.2%

** YTD, SULA shares down ~41%

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))