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Anuran Maiti Profile picture
Anuran Maiti
@anuran17
Subject Matter Expert-Financial Markets @MarketPulseHQ | Ex-Institutional Equities Trader | EPAT® @QuantInsti MBA @SPJIMR @Cornell BTech @nitrourkela
Aug 20, 2022 • 25 tweets • 7 min read
India's largest wine player SULA VINEYARDS filed its #IPO papers, making it 1st wine manufacturer to list in India.

Grab a drink🍷🧋 as I take you through wine making business in India, a closer look at Sula's financials, risks, challenges & more🧵👇

@ipo_agarwal
@ipo_mantra Consumption of alcohol has gotten slower in India. Surprised? But that's what data from DRHP of Sula suggests.

Per capita alcohol consumption in India
0.9L in 2000
1.6L in 2010
2.7L in 2019.

CAGR 12% : 2000-2010
CAGR 6% : 2000-2019

How does wine have a case then?