Sula Vineyards Stock Surges 4% on Strong Q2 Results | Stock Market News

Sula Vineyards, the largest wine producer in India, saw its stock price rise by around 4% after the company reported strong Q2FY24 sales results. Revenue growth from Sula's own brands rose by 14% YoY, while its wine tourism business grew by 26% YoY. The company also expanded its iconic Nasik Winery Tasting Room to keep up with the continuing surge in visitor numbers.