Domestic wine producer Sula Vineyards stated on Wednesday that the recent unexpected rains in Nasik will not significantly affect its business, despite some damage to vineyards.
According to Sula Vineyards CEO Rajeev Samant in a regulatory filing, the net impact of these rains has actually been positive in many ways, providing much-needed water to rain-deficient districts like Dindori and Sinnar.
Samant stated, “Though there was some damage to vineyards, especially where there were hailstorms, the overall impact on our wine grape procurement and upcoming harvest will be negligible, meaning zero impact on the overall business.”
With over 25 years of experience, the company has developed a strong grape procurement model, anticipating occasional unseasonal rain events. Samant explained, “We always target a slightly higher grape tonnage than we need to fulfill our sales projections. If and when such unseasonal rains occur, Sula will always get the grapes it needs.”
While expressing empathy for farmers adversely affected by the unseasonal rains, Samant reiterated, “However, I would like to reiterate that the outlook for our 2024 harvest remains extremely strong.”
