Sula Vineyards shares rally 12%; here’s why
Sula’s own brands sales volumes crossed 1 million cases in FY23, with annual revenue rising 26% YoY to ₹482.5 crore.
Sula’s own brands sales volumes crossed 1 million cases in FY23, with annual revenue rising 26% YoY to ₹482.5 crore.
CLSA has initiated its coverage on Sula Vineyards with a target price of ₹475, a potential upside of 39% from Tuesday’s closing price.
In 2012, Grover Vineyards merged with Vallée de Vin in a bid to revive its fortunes. A year into its merger, Kapil Grover is looking at the merged entity’s CEO Ravi Jain to take the battle to the enemy camp.
Indian wine makers are focussing on quality and innovation to cater to the growing number of India’s oenophiles.