Sula vineyards – pioneers in indian wines

In my view, there are a couple of things due to which I am still positive about the company:

1. The contention seems to be on whether Sula blended grapes from other regions. So, even if they did, they now need to stop doing it to enjoy the grant on WIPS.
2. In worst case scenario where WIPS is withdrawn, Sula will be forced to reduce input cost and increase product price. We can’t just take current status quo and subtract the grant to project the future profit potential of Sula.

Besides, Wine is still a soft liquor as it has only mild levels of alcohol. Also, it is more of a premium alcohol.
If there are any strong regulations coming up, it will likely be on distilleries first.