Sula Vineyards Q4 FY26: Revenue Up 7% to ₹142.6 Cr, Wine Tourism Surges 18%
Sula Vineyards reported Q4 FY26 revenue of ₹142.6 crore, up 7% YoY. Own Brands revenue grew 5.4% YoY to ₹115.4 crore, with Elite & Premium portfolio up 10.6%. Wine Tourism revenue surged 17.5% YoY to ₹23.9 crore, driven by a 11% footfall increase. Full year FY26 revenue was ₹596.2 crore.
The announcement details a return to growth in a key quarter, with specific revenue figures and segment performance. While positive, the full-year revenue shows a slight decline, and the impact is moderate as it's a routine quarterly update with no major strategic shifts announced.
The company reported a return to revenue growth in Q4 FY26 with a 7% YoY increase, driven by strong performance in both Own Brands and Wine Tourism. The expansion of the Elite & Premium portfolio and strategic initiatives in Wine Tourism indicate positive future prospects.
Sula Vineyards Limited announced its financial results for the fourth quarter and full fiscal year ended March 31, 2026. The company reported a 7% year-on-year increase in revenue from operations for Q4 FY26, reaching ₹142.6 crore, marking a return to growth. This was driven by improved traction in Own Brands and strong performance in Wine Tourism.
Own Brands revenue saw a 5.4% year-on-year increase to ₹115.4 crore in Q4 FY26. The Elite & Premium portfolio grew by 10.6% year-on-year, with its salience improving to 79% of total Own Brands revenue. Key brands like The Source and RASA showed strong double-digit growth. The company also saw robust growth in markets like Telangana, Uttar Pradesh, and Kerala, with improving trends in Maharashtra and Karnataka.
Wine Tourism delivered a record quarter, with revenue up 17.5% year-on-year to ₹23.9 crore. This growth was fueled by a 11% year-on-year increase in visitor footfall and robust room revenue growth of 22% year-on-year. The launch of 'The Haven' by Sula, a new resort with 50 keys, and the expansion of room capacity by approximately 50% to 154 keys contributed to this performance. A new tasting room was launched at Domaine Sula, Karnataka, in January 2026, and an agreement was signed to acquire Chandon's 19-acre wine estate in Dindori, Nashik, to further expand the Wine Tourism footprint.
For the full fiscal year FY26, Revenue from Operations stood at ₹596.2 crore, a decrease of 4% YoY, impacted by a -6% YoY decline in Own Brands revenue. However, Wine Tourism revenue grew by 21% YoY to ₹72.8 crore. Gross Profit for Q4 FY26 declined by 3% YoY to ₹100.8 crore, and Operating EBITDA was ₹27.8 crore, a marginal decrease of 2% YoY. The company highlighted that excluding a one-off gain in the base year, Q4 FY26 EBITDA and PBT showed year-on-year growth. Tight control on operating expenses (-3% YoY) helped maintain absolute EBITDA.
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Sula Vineyards Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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