Sula Vineyards Ltd, a local wine producer, announced on Wednesday that the unexpected rains in Nashik will not adversely affect its business, despite causing some damage to the vineyards. Surprisingly, the overall impact of these rains has been beneficial in several aspects. Sula Vineyards CEO Rajeev Samant stated in a regulatory filing that the rains have positively contributed by providing essential water replenishment to rain-deficient districts like Dindori and Sinnar.
“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,” he added.
Having accumulated more than 25 years of expertise, the company has established a resilient grape procurement model that factors in the expectation of encountering several unseasonal rain events annually.
“We therefore always target a slightly higher grape tonnage than we need to fulfil our sales projections. The result is that if and when such unseasonal rains occur, Sula will always get the grapes it needs,” Samant said.
Empathising with farmers who were hit badly by the unseasonal rains, he said, “However, I would like to reiterate that the outlook for our 2024 harvest remains extremely strong.”
