Sula Vineyards reported a 4.2% drop in fourth-quarter profit.
Sula’s revenue rose nearly 10% to ₹131.7 crore in the quarter on a 14% jump in wine sales.The company’s wine tourism segment grew more than 31%. However, the cost of raw materials, which include grapes, sugar and yeast, surged nearly 9% to ₹88.8 crore, hurting its profit.
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