Sula Vineyards Limited has informed the Exchange regarding a press release dated May 06, 2026, titled "Sula Vineyards (NSE: SULA) Reports Revenue Growth of 7% YoY in Q4FY26, Driven by Double-Digit Growth in Elite & Premium Portfolio and Record Q4 Wine Tourism Revenue".
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Sula Vineyards reported Q4 FY26 revenue of INR 142.6 Cr, up 7% YoY, marking a recovery after a few tough quarters. The growth was driven by improved traction in Own Brands and a record performance in Wine Tourism, which hit INR 23.9 Cr (up 17% YoY) with 11% growth in footfalls and 22% growth in room revenue following the launch of The Haven resort. The Elite & Premium portfolio grew 11% YoY and now represents 79% of sales, up 400 bps. However, EBITDA declined 2.5% YoY to INR 27.8 Cr with margin contracting 192 bps to 19.5%, impacted by higher wine grape costs and a one-off INR 3 Cr gain in Q4 FY25 base. For full year FY26, revenue was INR 596.2 Cr (down 3.7% YoY) and EBITDA was INR 103.5 Cr (down 30.6%). The company also announced acquisition of Chandon's 19-acre estate in Dindori, Nashik to expand Wine Tourism.
Revenue recovery in Q4 is positive, but margin compression signals pressure on profitability; shareholders should monitor if margin recovery continues in FY27 given cost headwinds.