Sula Vineyards Promoter Increases Stake To 24.5%

Rajeev Samant, MD and CEO of Sula Vineyards, bought 115,000 shares on Feb 12–13, 2026, raising promoter holding to 24.5% from 24.3% at end-December 2025—its first promoter increase since the December 2022 IPO. For the quarter ended Dec 31, 2025, Sula posted net profit down 67.6% to Rs 9.1 crore and revenue down 9.7% to Rs 195.7 crore, blaming one-time tactical destocking in Karnataka. Wine tourism grew 34% YoY, while the stock fell nearly 20% in early 2026.