While I personally struggle to get a lot of promoter or valuation comfort, I wanted to highlight just how crazy the opportunity is. If Sula can grow its revenues from FY23 by 15% annually for another 20 years, its revenues in FY43 will still only be similar to that of the current United Breweries. Goes to show the low penetration that wine has and the opportunity that is present.
I did a quick breakdown of Sula’s business here, at the off chance it interests anyone new to the company.
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