Revitalizing Vintages: Navigating Growth and Challenges in the Indian Wine Industry
Sula Vineyards reports optimism in the Indian wine industry following a challenging fiscal year, despite a slowdown in urban consumption and regulatory disruptions. The company achieved record revenues and plans expansion, driven by normalization of the macro environment and growth in wine tourism.
- Country:
- India
Sula Vineyards anticipates a resurgence in the Indian wine industry as a more stable domestic macroeconomic environment emerges. Following a fiscal year marked by urban consumption slowdown and regulatory disruptions, optimism is gaining momentum, according to the company's annual report.
The wine segment faced pronounced setbacks compared to other alcoholic beverages, primarily due to its urban market orientation. Sula Vineyards, however, reported its highest operational revenue at Rs 619.4 crore for FY25. Founder and CEO Rajeev Samant expressed confidence that the sector's challenges are now in the past, predicting growth in FY26.
Strategic plans to expand capacity, capitalize on wine tourism, and improve brand penetration are underway. Sula aims to accelerate earnings and enhance capital efficiency over the next few years, further driven by evolving consumer preferences and increased wine tourism offerings.
(With inputs from agencies.)
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