BSECompany Update4d ago · 5 Nov 2026, 07:04 pm
as attached
Sula Vineyards Ltd · 543711
✦ AI Summary▲ PositiveResults
Sula Vineyards Ltd reports Q2 FY27 results with 34% YoY net profit growth, driven by 24% YoY growth in wine tourism and 9% YoY growth in elite & premium sales. Net revenue from operations grew 4% YoY and EBITDA margin expanded 85 bps to 20.3%. The company also strengthened its balance sheet by reducing net debt by ₹ 49 Cr YoY to ₹ 306 Cr as of Sep'26.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Full Announcement
Sula Vineyards Ltd - 543711 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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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: Intimation under Regulation 30 SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 ("Listing Regulations")
Dear Sir/Madam,
Pursuant to Regulation 30 of the Listing Regulations, please find attached a press release titled “Sula Vineyards
(NSE: SULA) reports robust Profit Growth of 34% in Q2FY27 Premium Portfolio Leads the Way; Wine
Tourism Soars 24%”.
The above is for your information and records.
Thanking you,
For Sula Vineyards Limited
Gayathri Iyer
Company Secretary and Compliance Officer
Membership No. A38069
Press Release - Q2 FY27
Sula Vineyards (NSE: SULA) Reports Robust Profit Growth of 34% in Q2FY27
Premium Portfolio Leads the Way; Wine Tourism Soars 24%
August 6, 2026, Mumbai: Sula Vineyards Limited (NSE: SULA), India’s largest wine producer, announced its Q2 &
H1 FY27 Results today
Q2 FY27 - KEY HIGHLIGHTS
Q2 FY27 Net Revenue from Wine Tourism revenue of 16.3 Cr in Q2 FY27;
Operations 4% YoY driven by 24% YoY led by increase in room revenue
better traction in Own Brands and following the launch of The Haven, and higher
double-digit growth in Wine spend per guest
Tourism
Elite & Premium sales 9% YoY Q2 FY27 EBITDA 8% YoY, driven by
in Q2FY27 led by strong double-digit improved traction in Elite & Premium sales
growth in The Source, Sula Sparkling coupled with cost optimization measures which
Wines and Sula Merlot. Elite & helped reduce Opex by 4% YoY
Premium share up 420 bps YoY to
Particulars (INR Cr) Q2FY27 Q2FY26 YoY
- Own Brands 128.3 124.1 +3.4%
- Wine Tourism 16.3 13.2 +23.7%
- Others 0.8 2.4 -66.3%
Revenue from Operations 145.4 139.7 +4.1%
Excise Duty 9.9 8.8 +13.3%
Net Revenue from Operations 135.5 130.9 +3.5%
EBITDA 27.5 25.5 +8.1%
EBITDA Margin % 20.3% 19.4% 85 bps
Net Profit 8.1 6.0 +34.4%
PAT Margin % 5.9% 4.6% 136 bps
Note: EBITDA Margin calculated on Net Revenue. PAT Margin calculated on Net Revenue + Other Income.
Wine Tourism represents room revenue, sale of F&B, merchandise, and all other ancillary products/services,
excluding sale of wine on-site.
I am pleased to report a solid all-round performance in Q2 FY27, with Net Revenue growing 4% YoY and Net
Profit rising 34% YoY. We also strengthened our balance sheet by reducing Net Debt significantly by ₹ 49 Cr
YoY to ₹ 306 Cr as of Sep’26.
Own Brands performance was supported by healthy momentum in the Elite & Premium portfolio, which grew
9% YoY and reached a record 82% share of Own Brands sales in Q2 FY27. Regionally, Telangana was a
standout market, delivering 45% YoY growth, while Goa, Rajasthan, West Bengal and Exports, among other
markets, also recorded robust gains.
Wine Tourism continues to be a bright spot, delivering strong double-digit growth in Q2, supported by higher
room revenue following the launch of our third resort, The Haven. I am delighted to share that our new Event
Pavilion – The Vintage Room at our flagship Nashik Estate is now open and already hosted its first event. This
addition further enhances our destination offerings and will contribute to further wine tourism revenue growth.
In another exciting development, we will shortly commence construction of our fourth hotel, a 35-Key property,
strategically located alongside The Haven and a stone’s throw from our flagship Nashik campus. This project
is enabled by the relocation of operations from our existing York winery to Domaine Rasa (erstwhile Chandon
estate). The new hotel will expand our room capacity by ~20% to 185 rooms, with operations targeted to
commence by Q4 FY28.
On the product innovation front, I am excited about our upcoming product launches. We have a strong
pipeline in the wine based ready-to-drink (RTD) segment. So, stay tuned and we will announce more details
shortly.
Looking ahead, we remain focused on sustaining growth in our premium portfolio, further expanding our wine
tourism footprint and driving operational efficiencies. With a sharp focus on profitable growth, we hope to build
on this momentum and close FY27 on a strong note.
Q2 & H1 FY27 Earnings Conference Call
Thursday, 12 November 2026, 2:30 PM IST
Primary Numbers
Diamond Pass Link
+91 22 6280 1188/
Diamond Pass Link
+91 22 7115 8013
MANAGEMENT TEAM
MR. RAJEEV SAMANT MS. RINKU MORE
CEO, Sula Vineyards CFO, Sula Vineyards
Note: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory
changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant
forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers are cautioned
not to place undue reliance on these forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and
undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
ABOUT SULA VINEYARDS LIMITED
Sula Vineyards Limited is India’s largest wine company, commanding over 50% of the domestic premium
wine market. With a diverse portfolio of over 50 labels spanning multiple price points, Sula has firmly
established itself as the market leader in every category of wine.
A pioneer of wine tourism in India, Sula’s Nashik campus is the most visited vineyard destination globally,
attracting over 3.5 lakh visitors annually. Its hospitality portfolio includes three luxury resorts in Nashik— The
Source, Beyond, and our newest addition The Haven—with a combined 154 keys. The company also
operates four standalone wine-themed restaurants and tasting rooms, co-located with wineries in Nashik and
near Bengaluru, Karnataka.
With five state-of-the-art wineries across Maharashtra and Karnataka, Sula produces India’s most loved wine
brands distributing over 1 million cases annually across India. A trailblazer in the industry, Sula introduced
India’s first winery tasting room in 2005, launched the country’s first vineyard resort in 2010, and launched
India’s first wine-in-a-can in 2020 — milestones that have helped shape India’s modern wine culture.
Sula’s unwavering focus on innovation and quality has earned it numerous international accolades, including
honours at the world’s leading wine competitions. Beyond winemaking, the company is deeply committed to
sustainability and to supporting local communities, playing a vital role in the development of the rural
economy.
For further information please contact:
Sula Vineyards Limited
Mr. Mandar Kapse, IR Head
Email: mandar.kapse@sulawines.com
Tel: +91 7304563606