Sula Vineyards Ltd (SVL) is India’s largest wine producer and seller as of March 31, 2022 (Source: Technopak Report). The company has been a consistent market leader in the Indian wine industry in terms of sales volume and value (based on the total revenue from operations) since FY09. The firm has consistently gained market share (in revenue terms) from 33 percent in FY09 in the 100 percent grapes wine category to 52 percent in value in FY22.