Sula Vineyards Limited has informed the Exchange about Transcript
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Sula Vineyards returned to growth in Q4 FY26 with revenue up 7% YoY to ₹142 crores, driven by a 5% rise in own brands and 17% growth in Wine Tourism. The elite and premium portfolio led with double-digit growth, pushing the segment share to 79% in Q4. Wine Tourism crossed the ₹100 crore milestone for the first time, with footfalls exceeding 4 lakh visitors. However, gross margins were impacted by a shift in grape mix towards more expensive wine grapes (350-400 bps impact) and a one-off gain comparison from Q4 FY25. The company acquired Chandon's 19-acre estate in Dindori, Nashik for Wine Tourism expansion, with regulatory approvals pending. Net debt improved slightly to ₹280 crores, and the Board recommended a dividend of ₹2 per share.
The Q4 recovery signals improving demand trends, but margin pressures from grape mix will persist for 2-3 quarters. Wine Tourism is emerging as a strong growth engine with 19% revenue share, supported by the 50% capacity expansion to 154 keys.