Sula Vineyards shines on reporting 15% rise in Own Brands sales in Q4FY23
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Sula Vineyards is currently trading at Rs. 377.05, up by 24.95 points or 7.09% from its previous closing of Rs. 352.10 on the BSE.
The scrip opened at Rs. 389.75 and has touched a high and low of Rs. 389.75 and Rs. 367.00 respectively. So far 76416 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 432.00 on 23-Jan-2023 and a 52 week low of Rs. 305.55 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 389.75 and Rs. 351.00 respectively. The current market cap of the company is Rs. 3117.54 crore.
The promoters holding in the company stood at 27.33%, while Institutions and Non-Institutions held 16.27% and 56.40% respectively.
Sula Vineyards’ Own Brands sales rises 15% to Rs 104.30 crore in Q4FY23 as compared to Rs 90.70 crore in Q4FY22. In full year of FY23, Own Brands sales stood at Rs 482.50 crore. Wine tourism business grew by 18% to Rs 12.40 crore in Q4FY23 as against Rs 10.50 crore in Q4FY22, while in FY23 the growth for Wine tourism business was at 30% year-on-year at Rs 45 crore as compared to Rs 34.70 crore in the year ago period.
Own brands sales volumes crossed 1 million cases, with Elite & Premium wines surging past the 5 lakh case mark for the first time. The Company has recorded its highest ever annual revenues both for its own brands as well as the wine tourism business.
Sula Vineyards is India’s largest wine producer and seller. The company is the market leader across all four price segments, being ‘Elite’, ‘Premium’, ‘Economy’ and ‘Popular’. Furthermore, the company is also recognized as the market leader across wine variants, including red, white and sparkling wines.
