New Delhi: After a challenging year in 2024-25, the Indian wine industry is optimistic about a stronger performance in the current financial year. According to Sula Vineyards’ annual report, the industry was hit hard last year due to a slowdown in urban spending, which caused a temporary pause in growth.
Sula’s founder and CEO, Rajeev Samant, explained that the wine segment felt the slowdown more deeply than other alcohol categories because wine is mainly consumed in urban areas. He also pointed out that wine sales were affected by short-term disruptions like state and national elections, especially in key markets such as Maharashtra.
“After three strong years, FY25 turned out to be a year of adjustment for wine demand in India,” Samant said. “But the worst is now behind us, and we’re hopeful for a more stable economic environment in FY26.”
Despite the hurdles, Sula achieved its highest-ever operational revenue of ₹619.4 crore in FY25. Samant emphasized that the company has maintained its position as the leading wine brand in India.
