Latest news with #Sula
Time of India
3 days ago
- Business
- Time of India
Sula Vineyards charts path to 100% sustainable winemaking amid climate pressures
Climate change is affecting nearly every region in the world. Nashik, known as the wine capital of India, is also feeling the heat. In the last 15 years, almost 50 seasons have been affected by climate change, according to Anil Ghanwat , President, Shetkari Sanghatana, a Maharashtra-based farmers' union. 'Sometimes there are heavy rains, sometimes there is a drought, sometimes the temperature drops below zero degrees in some areas,' he said. Excessive heat is resulting in overripe grapes and unbalanced wines, while increased temperature raises the risk of fungal diseases in grapevines. 'This calls for active efforts needed to be taken by farmers,' he emphasised. Sula Vineyards , a major winery in Nashik, is working on mitigating the impacts of climate change on its grape farms. Given the frequent droughts and water scarcity in the region, CEO Rajeev Samant said that they are focusing on water management. Sula has employed advanced water recycling, considering India's monsoon-dependent climate, and it aims to reduce water usage per bottle produced. Not just water management, Sula is also working on energy conservation. 'The methane that is captured during the treatment of wastewater is transformed into clean electricity. This reduces the reliance on natural resources that are subject to fluctuations and enhances the climate resilience of the operation as a whole,' Samant said. Sula works with over 2,800 acres of contracted vineyards and has processed more than 11,000 tonnes of grapes in FY25. According to the company, it is committed to achieving net zero emissions by 2050. The company is a member of the International Wineries for Climate Action and also part of the United Nations-led 'Race to Zero' global campaign. Live Events Samant claimed that Sula Vineyards has incorporated sustainability into every aspect of winemaking. Samant claimed that Sula Vineyards has incorporated sustainability into every aspect of winemaking. In FY25, Sula relied on solar power for 65% of its energy needs; this number, as per Samant, is likely to increase to 75% in FY26. Power-saving initiatives, such as the Burkert temperature control system, have already resulted in a saving of 37% of power in the cellar, and further growth is anticipated, he said. According to him, Sula consumed 5% less water per case in FY25. The company aims to bring it down by 6% in FY26, as it looks to utilise 20% recycled water, he said. 'We have also installed a methane capture facility that generated 35,000 power units in FY25 and aims to increase by 44% in FY26. We also have a localised glass bottle supply chain, which reduces its carbon footprint and supports local economies. The company increased its use of rewash bottles by 24% in FY25 and aims to do so to an even greater extent,' he said. Low-alcohol wines The wine manufacturer has also dabbled in low-alcohol wines, which offer a sustainable and healthier alternative to health-conscious consumers and have considerably less environmental impact. Sula's Source Moscato and Chenin Blanc Reserve are known for lighter, refreshing profiles. 'There is a shift towards light, approachable wines that seem to be gaining traction. Moving towards lower-alcohol wines can be good for consumers, especially from a health and wellness standpoint, as well as from an environmental sustainability perspective. These wines need fewer resources to be put into fermentation and greatly more freedom regarding harvesting and ripening of the grapes,' he said. Sula has also dabbled in low-alcohol wines, which offer a sustainable and healthier alternative to health-conscious consumers and have considerably less environmental impact. However, he highlighted the challenges of sustaining these green efforts due to the high upfront costs of technologies like solar panels, methane capture systems, and EV fleet conversion. 'Scaling these efforts while maintaining cost-efficiency and consistent product quality can also be complex,' he said. 'Moreover, as climate change intensifies, managing grape quality and yield sustainably remains a long-term challenge,' he added. Nevertheless, Sula maintains an optimistic outlook for the future. In FY26 and the following years, the company aims to reduce power consumption per case sold by an additional 11%, increase its EV fleet share from 45% to 55%, achieve a 6% reduction in water usage per case while enhancing water recycling to 20%, and realise a 44% increase in electricity generation from methane capture. 'These actions will aid Sula in becoming a pioneer in sustainable innovation while also assisting in meeting the set target of achieving carbon net-zero by 2050,' he said.
Time of India
11-06-2025
- Business
- Time of India
Sula Vineyards, GM Breweries shares jump up to 18%. What's making their brew stronger?
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Sula Vineyards and GM Breweries soared up to 18% on Tuesday, defying the broader sell-off in liquor stocks , as investors cheered Maharashtra's latest liquor policy shake-up that spared beer and wine from a steep excise duty hike Sula, which had been under pressure in recent months, jumped as much as 13% to Rs 335.45 on the BSE, while GM Breweries surged 16%. Meanwhile, industry giants United Spirits and Allied Blenders dropped up to 7% in reaction to the policy Maharashtra government raised the excise duty on Indian-made Foreign Liquor (IMFL) from three times to 4.5 times the declared manufacturing cost. But beer and wine were notably exempted from this hike, a move that sent investors rushing toward companies like Sula and GM Breweries, which stand to gain from their focus on those Breweries, in particular, caught the market's attention with expectations that it could benefit from the introduction of a new category: Maharashtra-made Liquor (MML). This grain-based spirit will be produced by local manufacturers, though it will require fresh registrations. GM, known for its strong country liquor portfolio, is expected to adapt quickly to this contrast, the policy dealt a blow to larger IMFL players, who are more exposed to the newly increased duty said beer, which has a lower alcohol content, was excluded from the hike as its retail price in Maharashtra is already among the highest in the country. As for wine, the state reaffirmed its long-standing support for the industry, citing its economic linkages: a majority of India's wineries and grape farmers are based in new excise structure has shaken up sentiment across the liquor sector, sharply dividing the winners from the losers. And for now, wine and country liquor players appear to be raising their glasses.
Business Upturn
11-06-2025
- Business
- Business Upturn
Sula Vineyards shares jump 11% today despite Maharashtra's liquor duty hike – here's what's driving the rally
By Aditya Bhagchandani Published on June 11, 2025, 09:51 IST Shares of Sula Vineyards Ltd surged over 10% on Tuesday to trade at ₹328.45, marking one of the sharpest intraday gains among liquor-linked counters. The rally comes in stark contrast to the broader spirits sector, where stocks like United Spirits and Radico Khaitan declined following Maharashtra's cabinet decision to hike excise duties on Indian Made Foreign Liquor (IMFL) and country liquor. So why is Sula soaring? Market participants attribute the rally to one key detail: wine has been excluded from the excise duty hike. While IMFL and country liquor will now face significantly higher taxes — with IMFL excise duty rising from 3x to 4.5x of manufacturing cost — wine was not mentioned in the updated tax structure. That omission has sent a strong signal to investors that wine, as a segment, may escape near-term pricing pressure. Maharashtra is India's largest wine-producing state and also a key market for Sula. The exclusion suggests a possible continuation of state-level support to the sector, especially given its linkages with agriculture, tourism, and premium beverage consumption. Sula shares have been underperforming for several months and are down nearly 40% from their all-time highs. Tuesday's rally is also being viewed as a relief rebound with valuation support and fresh buying interest returning amid improving outlook for wine demand. As of 9:48 AM, Sula Vineyards was trading at ₹328.45, up ₹31.45 or 10.59%, with a market cap of ₹27,720 crore. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Yahoo
02-06-2025
- Entertainment
- Yahoo
🆚 The matchups are set, see all the Sula playoff clashes
🆚 The matchups are set, see all the Sula playoff clashes The draw for the round of 16 of the Copa Libertadores will be held next Monday (2), starting at 12 PM (Brasília time). But the matchups for the Sudamericana playoffs ARE ALREADY SET without the need for the balls to work. Advertisement The regulations indicated that only the first place of each Sudamericana group would secure a direct spot in the round of 16. Meanwhile, each second place would need to face a team that finished third in their Libertadores group. And these matchups were defined thanks to the performance of each of the 16 teams. The team with the best performance among those who finished second in their Sudamericana group would face the worst third place from the Libertadores. And so on. Mushuc Runa (ECU), Huracán, Universidad Católica (ECU), Fluminense, Independiente, Godoy Cruz, Lanús, and Cienciano led their respective groups. Advertisement And they are just waiting. 📊 The classification of each "pot" is as follows: Second places in the Sudamericana: Grêmio - 12 points and four goal difference Once Caldas - 12 points and two goal difference Atlético Mineiro - 9 points and five goal difference Palestino (CHI) - 9 points and zero goal difference América de Cali - 8 points and two goal difference Vasco - 8 points and zero goal difference Guaraní (PAR) - 8 points and minus three goal difference. Cerro Largo (URU) - 7 points Third places in the Libertadores: Central Córdoba - 11 points Universidad de Chile - 10 points Independiente del Valle - 8 points Advertisement Bahia - 7 points Bolívar - 6 points and one goal difference Atlético Bucaramanga (COL) - 6 points and minus four goal difference San Antônio Bulo Bulo (BOL) - 6 points and minus ten goal difference Alianza Lima - 5 points Check out the matchups 👇🏽 The first leg matches are expected to take place between July 15 and 17. The return matches between July 21 and 24. The advantage of deciding in front of their home crowd goes to the team that was in the Sudamericana. And how about the round of 16❓ Next Monday's (2) draw will determine from which matchup the rival of each of the eight teams that led their respective Sudamericana groups will come. This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here. 📸 Buda Mendes - 2024 Getty Images
Yahoo
02-06-2025
- Business
- Yahoo
😱 Brazilian clashes loom in Libertadores last 16, current scenario
This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here. Now there are only TWO groups left to be decided in the 2025 Copa Libertadores. And ONLY one spot up for grabs: it will go to either Fortaleza or Atlético Bucaramanga. Advertisement This Wednesday (28th) featured six matches in the final round of the group stage of the competition. One of them ended with Flamengo qualifying, but they had to settle for second place in their group. In other words: Rubro-Negro and Botafogo could face Palmeiras, São Paulo, or Internacional—who topped their respective groups—already in the round of 16. The highly anticipated draw will take place next Monday (2nd), starting at 12pm (Brasília time). Which will pit a group winner 🆚 a runner-up. Another Brazilian team, the aforementioned Fortaleza, is still fighting for a spot. But they are at risk of elimination. Advertisement See the situation of all the groups below. La U reached the final round as group leaders, had the advantage of a draw, but were defeated at Nilton Santos and had to settle for the Sula playoffs. Current champions Botafogo finished second thanks to goal difference. The team that eliminated Corinthians in the third qualifying round, Barcelona de Guayaquil, disappointed. River even scored a tennis-like result (beating Del Valle 6-2), but didn't dominate as expected. The big surprise was Universitario, securing a Peruvian team in the round of 16. There was plenty of tension at Maracanã. After LDU opened the scoring, Flamengo dropped to third place. Advertisement And stayed in that position until they scored against Táchira in the 66th minute. They suffered, but did their part to qualify. SPFC went through in first place and unbeaten. The Sula playoff spot went to Alianza Lima with Guerrero and Barcos. 5/29 - Thursday 9:30pm - Colo-Colo vs. Bucaramanga 9:30pm - Racing vs. Fortaleza After failing to "finish off" Bucaramanga in the last round, Laion will need to win in Argentina to avoid having to count on a slip-up by the Colombian team. Racing only needs a draw to secure first place. Inter did their part and also benefited from Atlético Nacional's slip-up to advance in 1st place. Advertisement Bahia is out of the Libertadores, but secured the Sula playoffs thanks to a better goal difference than Nacional. Palmeiras confirmed their 100% record—the only one in the group stage. Bolívar needed a win to have a chance at the playoffs. And that's what happened after the 4-0 over Cerro. 5/29 - Thursday 7:00pm - Olimpia vs. San Antônio Bulo Bulo 7:00pm - Peñarol vs. Vélez Sarsfield The only fight is for the top spot, with the advantage for Vélez. Debutants San Antonio Bulo Bulo dropped off in performance, but made history by securing a spot in the Sula playoffs. 📸 Marcelo Endelli - 2024 Getty Images
