Sula Vineyards’ Profit Slumps for Fifth Straight Quarter as Karnataka Destocking Hits Q3
India’s leading wine producer Sula Vineyards has reported a decline in profit for the fifth consecutive quarter, with Q3 FY26 results showing the impact of destocking in Karnataka. Despite steady sales volumes and brand recognition, profitability has been under pressure due to regulatory challenges, inventory adjustments, and rising operational costs. Financial Performance Sula Vineyards’ consolidated…