<ul data-eligibleForWebStory="false"><li>Sula Vineyards reported an 8% decline in revenue for the quarter ended June compared to the previous year, with revenue falling to Rs 118.3 crore.</li><li>The company's revenue from its 'own brands' decreased by 10.8% due to a slowdown in urban consumption and pre-loading of spirits by trade, blocking trade placement for wine.</li><li>On a positive note, Sula Vineyards' wine tourism segment saw a revenue increase of 21.8% to Rs 13.7 crore, attributed to higher footfalls, record occupancy, and guest spending in the first quarter.</li><li>Despite the revenue decline, the company's shares have fallen over 40% in the past 12 months and around 28% year-to-date, settling at Rs 299.60 apiece on the NSE.</li></ul>

Sula Vineyards Q1 Update: Revenue Declines 8%, Wine Tourism Continues To Rise

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