BSECompany Update4d ago · 6 Aug 2026, 07:14 pm
as attached
Sula Vineyards Ltd · 543711
✦ AI Summary▲ PositiveResults
Sula Vineyards Ltd reported a 3% YoY net revenue growth in Q1FY27, driven by healthy traction in Elite & Premium Portfolio and double-digit growth in Wine Tourism. EBITDA was impacted by higher blended grape cost, but operating expenses were reduced by 3% YoY.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Sula Vineyards Ltd - 543711 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: 6th August, 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 Net Revenue Growth of 3% YoY in Q1FY27, Driven by Healthy Traction in Elite &
Premium Portfolio and Double-Digit Growth in Wine Tourism”.
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 – Q1 FY27
Sula Vineyards (NSE: SULA) Reports Net Revenue Growth of 3% YoY in Q1FY27, Driven by
Healthy Traction in Elite & Premium Portfolio and Double-Digit Growth in Wine Tourism
August 6, 2026, Mumbai: Sula Vineyards Limited (NSE: SULA), India’s largest wine producer, announced its
Q1 FY27 Results today.
Q1 FY27 - KEY HIGHLIGHTS
Q1 FY27 Net Revenue from Wine Tourism revenue of 15.5 Cr in Q1 FY27;
Operations 3% YoY driven by better 12% YoY led by increase in room revenue
traction in Own Brands and following the launch of The Haven, and higher
double-digit growth in Wine Tourism. spend per guest.
Elite & Premium sales 6% YoY in Q1 FY27 EBITDA, 9% YoY, due to higher
Q1FY27 led by strong double-digit blended grape cost (150 bps impact) reflecting
growth in The Source, RASA and Sula higher mix of wine grapes vs. table grape. Cost
Merlot. Elite & Premium share up 310 actions reduced Opex by 3% YoY which helped
bps YoY to 78%. limit EBITDA impact.
Particulars (INR Cr) Q1FY27 Q1FY26 YoY
- Own Brands 104.3 102.3 2.0%
- Wine Tourism 15.4 13.7 12.3%
- Others 1.1 2.3 -53.3%
Revenue from Operations 120.8 118.3 2.1%
Excise Duty 7.9 8.7 -8.6%
Net Revenue from Operations 112.9 109.6 3.0%
EBITDA 16.6 18.3 -9.4%
EBITDA Margin % 14.7% 16.7% -197 bps
Note: EBITDA Margin calculated on Net Revenue. Wine Tourism represents room revenue, sale of F&B, merchandise, and all
other ancillary products/services, excluding sale of wine on-site.
MR. RAJEEV SAMANT
CEO, Sula Vineyards
I am pleased to share that the positive sales momentum from Q4 FY26 continued into Q1 FY27, led by sustained growth
in Own Brands and continued double-digit growth in Wine Tourism. Growth in Own Brands was driven by strong traction
in our Elite & Premium portfolio, with our Elite flagship brands, The Source and Rāsā, delivering robust double-digit growth.
A decline in Economy & Popular portfolio however partially offset our revenue performance.
Regionally, Telangana continued to be a bright spot with >50% YoY growth, while Haryana, Chandigarh, CSD, Exports,
among other markets also delivered strong double-digit growth. Karnataka continued remain soft; we expect it to turn a
corner in H2 FY27.
Wine Tourism continued to deliver double-digit growth in Q1, driven by higher room revenue following the launch of our
third resort, The Haven. We also closed the acquisition of the Chandon estate, now renamed 'Domaine Rāsā', where the
tasting room, bottle shop and banquet facilities have commenced operations. We intend to create another distinctive
landmark destination for wine tourism here in Nashik. All our other wine tourism projects remain on track. The amphitheatre
expansion at our flagship Nashik campus has been successfully completed, while the wine shop at Domaine Dindori is
scheduled to open later this month. Construction of the events pavilion is progressing well, with the launch targeted ahead
of the festive season.
On the profitability front, EBITDA was impacted by higher blended grape cost reflecting a higher mix of wine grape versus
table grape. That said, we reduced our operating expenses by 3% YoY which helped limit the EBITDA impact. It is worth
noting that higher blended grape cost is a temporary impact, which will subside from Q4 FY27 and completely normalize
from Q1 FY28, as wine and table grape mix rebalances in Harvest 2027. This will help support improved profitability
in H2 FY27.
Q1 FY27 Earnings Conference Call
Friday | 7th August 2026 | 3:00 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
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.
www.sulavineyards.com sula_vineyards sula.vineyards sulavineyardsyoutube sulavineyards sula_vineyards
For further information please contact:
Sula Vineyards Limited
Mr. Mandar Kapse, IR Head
Email: mandar.kapse@sulawines.com
Tel: +91 7304563606