20 Nov 2025 | 5 Mins Read
ICRA revises Sula Vineyards outlook to negative
Flipitmoney
ICRA revised Sula Vineyards' long-term ratings outlook to negative from stable while reaffirming existing ratings, citing company's 58% year-over-year net profit decline to Rs 6 crore in Q2 FY26. Revenue slipped 1.1% to Rs 139 crore, while EBITDA margins declined 557 basis points to 18.2%. Wine tourism, however, saw a surge in visitor footfalls and revenue.