Sula Vineyards inches up on reporting marginal rise in Own Brands sales in Q1FY25
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Sula Vineyards is currently trading at Rs. 501.75, up by 0.25 points or 0.05% from its previous closing of Rs. 501.50 on the BSE.
The scrip opened at Rs. 510.85 and has touched a high and low of Rs. 510.85 and Rs. 499.05 respectively. So far 14975 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 699.75 on 09-Jan-2024 and a 52 week low of Rs. 447.00 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 513.90 and Rs. 490.35 respectively. The current market cap of the company is Rs. 4230.53 crore.
The promoters holding in the company stood at 26.18%, while Institutions and Non-Institutions held 36.47% and 37.36% respectively.
Sula Vineyards has recorded its highest ever Q1FY25 net revenues overall as well as for priority Own Brands. The company’s Own Brands sales rose 2.7% to Rs 104.4 crore in Q1FY25 as compared to Rs 101.6 crore in Q1FY24.
While in Q1FY25, Wine tourism business reported 2.5% fall year-on-year at Rs 11.3 crore as compared to Rs 11.5 crore in the year ago period.
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.
