Investor Presentation

Date: 5th November, 2026 To, To, National Stock Exchange of India Limited (“NSE”), BSE Limited (“BSE”), The Listing Department Corporate Relationship Department, Exchange Plaza, 5th Floor, 2nd Floor, New Trading Ring, Plot No. C/1, G Block, Bandra-Kurla Complex P.J. Towers, Dalal Street, Bandra (East), Mumbai – 400 051. Mumbai – 400 001. NSE Symbol: SULA BSE Scrip Code: 543711 ISIN: INE142Q01026 ISIN: INE142Q01026 Sub: Submission of Investor Presentation the quarter ended 30th September, 2026 Dear Sir/Madam, Please find attached herewith the Investor presentation on the Unaudited Financial Results of Sula Vineyards Limited for the quarter ended 30th September, 2026. This is being submitted in compliance with Regulation 30(6) read with Schedule III Part A Para A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The same is also made available on the Company’s website, at https://sulavineyards.com/investor- relations.php You are requested to kindly take the same on your records. Thanking you, For Sula Vineyards Limited Gayathri Iyer Company Secretary and Compliance Officer Membership No. A38069 Encl: As above Investor Presentation Q2 & H1 FY27 November 2026 Safe Harbour This presentation has been prepared by Sula Vineyards Limited (the “Company”) solely information purpose only and should not be deemed to constitute or form part of any offer or invitation or inducement to sell or issue any securities, or any solicitation of any offer to purchase or subscribe for any securities of the Company, nor shall it or any part of it or the Fact of its distribution form the basis of, or be relied upon in connection with, any contract or commitment, therefore. The financial information in this presentation may have been reclassified and reformatted for the purposes of this presentation. You may also refer to the financial statements of the Company before making any decision on the basis of this information. This presentation contains statements that may not be based on historical information or facts but that may constitute forward-looking statements. These forward-looking statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions which the Company presently believes to be reasonable, but these assumptions may prove to be incorrect. Any opinion, estimate or projection constitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the Company. No representation, warranty, guarantee or undertaking, express or implied, is or will be made as to, and no reliance should be placed on, the accuracy, completeness, correctness or fairness of the information, estimates, projections and opinions contained in this presentation. Potential investors must make their own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as they may consider necessary or appropriate for such purpose. By viewing this presentation, you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company andthat you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company. None of the Company, their affiliates, agents or advisors,, promoters or any other persons that may participate in any offering of any securities of the Company shall have any responsibility or liability whatsoever for any loss howsoever arising from this presentation or its contents or otherwise arising in connection therewith. Content Summary 1 2 3 Q2 & H1 FY27 Company Growth Highlights Overview Strategy Performance Highlights Q2 & H1 FY27 Key Highlights – Q2 FY27 ▪ Net Revenue from Operations: INR 135.5 Cr 3.5% YoY Financials ▪ Gross Profit: INR 89.7 Cr 0.6% YoY ▪ Operating EBITDA: INR 27.5 Cr 8.1% YoY ▪ Own Brand Revenue INR 128.3 Cr 3.4% YoY ▪ Elite & Premium portfolio 9.0% YoY with its salience improving by 420 bps YoY to 82 % in Q2 FY27 – Own Brands Led by strong double-digit growth in The Source, Sula’s sparkling wines, and Sula Merlot ▪ Telangana, Goa, West Bengal, and Exports delivered strong double-digit growth ▪ Launching soon wine-based RTD’s in Q3FY27 ▪ Wine Tourism delivered another strong quarter with Revenue at INR 16.3 Cr 23.7% YoY Wine Tourism ▪ Events Pavilion – The Vintage Room, a 5,000 sq. ft. indoor banquet facility capable of hosting 300 PAX is now open at the Sula Nashik campus and already held its first event ▪ In an exciting development, Sula will soon commence construction of its fourth hotel, a 35-key property, alongside The Haven, and close to its flagship Nashik campus. The hotel is expected to open in Q4 FY28 Own Brands Performance – Q2 & H1 FY27 – Premiumization Trend Accelerates Q2 FY27 H1 FY27 Revenue YoY Chg% Revenue YoY Chg% Elite & Elite & INR 105.4 Cr +9.0% INR 186.6 Cr +7.8% Premium Premium Economy & Economy & INR 23.0 Cr -16.4% INR 46.1 Cr -13.5% Popular Popular Portfolio Mix Portfolio Mix Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 22% 18% 24% 20% 78% 82% 76% 80% Elite & Economy & Elite & Economy & Premium Popular Premium Popular Wine Tourism Update – Q2 FY27 Strong Double-Digit Growth in Q2 FY27 led by Robust Room Revenue Growth and Higher Spend Per Guest 97,800+ 66%* INR 1,765^ INR 10,014 Visitor Footfall Room Occupancy Spend per Guest (Day Visitors) ARR Up 7% YoY Down 10% vs. 76% LY* Up 4% YoY Up 3% YoY Occupancy primarily Footfalls grew high- Higher Revenue per lower due to 50% ARRs continued to single digit, led by Guest led by increase in rooms. remain robust and better weather and increased F&B and Excl. The Haven, grow The Haven launch wine spending occupancy at 73% Wine Tourism Contribution (incl. wine sales) to Total Revenue Up 220 bps YoY to 19.1% in Q2 FY27 Note:*Excluding the Haven which was launched in Oct’26, Resort Occupancy at 73% in Q2FY27. ^Includes D2C wine sales at our facilities Profit & Loss Statement – Q2 FY27 Particulars (in INR Cr) Q2FY27 Q2FY26 Y-o-Y Q2 FY27 Performance Update -Own Brands 128.3 124.1 3% -Wine Tourism 16.3 13.2 24% o Net Revenue up 4% YoY, driven by improved traction inOwn -Others (incl. BIO) 0.8 2.4 -66% Brands and continued double-digit growth in Wine Tourism Revenue from Operations 145.4 139.7 4% • Elite & Premium sales up 9% YoY, salience up 420 bps YoY to 82%, Excise Duty 9.9 8.8 13% led by strong double-digit growth in The Source, Sula Merlot, and Net Revenue from Operations 135.5 130.9 4% Sula sparkling wines Cost of Goods Sold 45.8 40.6 13% • Wine Tourism grew 24% YoY primarily led by robust room revenue Gross Profit 89.7 90.3 -1% growth (+32% YoY) Gross Margin % 66.2% 69.0% -278 bps o Q2 FY27 EBIDTA grew 8% YoY despite higher blended grape cost, Employee Cost 21.8 23.2 -6% as a combination of healthy growth in the premium portfolio and Other Expenses 40.5 41.7 -3% strategic cost actions propelled profitability Operating EBITDA 27.5 25.5 7.9% o Q2 FY27 Net Profit grew strongly by 34% YoY, driven by higher Operating EBITDA Margin % 20.3% 19.4% 85 bps EBITDA and lower finance cost Other Income 1.0 0.8 19% o Going forward, focus is on building on the H1 FY27 momentum and Depreciation & Amortisation 10.4 9.5 10% closing FY27 on a strong note Finance Costs 7.2 8.6 -16% o Higher blended grape cost primarily impacted gross ma [Showing first 8,000 characters — download PDF for full document]