Sula Vineyards reports 7% revenue growth in Q4FY26 driven by wine tourism

Business Desk — Wed, 06 May 2026 14:14:52 +0000

Sula Vineyards, India’s largest wine producer, has reported a 7% year-on-year revenue growth for the fourth quarter of the fiscal year 2026. This growth was primarily driven by a significant increase in wine tourism revenue, which reached a record ₹23.9 crore, marking a 17% rise compared to the previous year. The company also saw a strong double-digit growth in its Elite & Premium portfolio, particularly in The Source and RASA brands, contributing to an 11% increase in sales.

The company’s revenue from operations for Q4FY26 amounted to ₹142.6 crore, up from ₹133.1 crore in Q4FY25. However, EBITDA for the quarter was slightly lower at ₹27.8 crore compared to ₹28.5 crore in the previous year, affected by higher grape costs and a one-off gain of ₹3 crore in the prior year.

Sula Vineyards experienced robust growth in several regions, including Telangana, Uttar Pradesh, and Kerala, while its largest markets, Maharashtra and Karnataka, showed improving trends. The launch of The Haven, the company’s third resort, contributed to a 22% increase in room revenue, further boosting the wine tourism segment.

CEO Rajeev Samant expressed optimism about the company’s performance, noting that the strategic actions taken to strengthen profitability are beginning to show results. The company has also signed an agreement to acquire Chandon’s 19-acre estate in Dindori, Nashik, to expand its wine tourism footprint.

Sula Vineyards continues to lead the domestic premium wine market, commanding over 50% of the market share. The company remains committed to innovation, sustainability, and supporting local communities.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

The Haven | Business Upturn

Sula Vineyards reports 7% revenue growth in Q4FY26 driven by wine tourism