Sula Vineyards Q4FY26 Revenue Up 7% YoY to ₹142.6 Cr; Elite & Premium Portfolio Grows 11%
Sula Vineyards reported Q4 FY26 revenue of ₹142.6 crore, up 7% YoY. Wine Tourism revenue reached a record ₹23.9 crore, up 17.5% YoY. Elite & Premium portfolio sales grew 11% YoY. EBITDA was ₹27.8 crore. The company is acquiring a 19-acre estate in Nashik.
The 7% revenue growth and record wine tourism figures are positive indicators. However, the slight dip in EBITDA and the overall FY26 revenue decline suggest that while the trend is improving, the impact is not yet transformative.
The company reported revenue growth in the key quarter (Q4 FY26) driven by strong performance in its premium portfolio and wine tourism, indicating positive business momentum. The strategic acquisition also signals future growth potential.
Sula Vineyards Limited announced its financial results for the fourth quarter and full fiscal year 2026. The company reported a 7% year-on-year revenue growth in Q4 FY26, reaching ₹142.6 crore. This growth was primarily driven by improved traction in its Own Brands and a strong double-digit increase in Wine Tourism revenue, which hit a record ₹23.9 crore, up 17.5% YoY. The Elite & Premium portfolio sales saw an 11% YoY increase in Q4 FY26, with The Source and RASA brands showing strong double-digit growth, leading to an expansion in market share to 79%.
Despite a marginal year-on-year decrease in EBITDA to ₹27.8 crore, impacted by higher blended grape costs and a one-off gain in the prior year, the underlying comparable performance improved. Disciplined cost management helped maintain absolute EBITDA, and excluding the prior year's one-off gain, both EBITDA and PBT showed year-on-year growth.
For the full fiscal year FY26, revenue from operations stood at ₹596.2 crore, a decrease of 3.7% YoY. The company also highlighted its strategic agreement to acquire Chandon’s 19-acre estate in Dindori, Nashik, to further expand its Wine Tourism footprint. Management expressed confidence in a steady recovery in Own Brands and sustained momentum in Wine Tourism, positioning the company well for FY27.
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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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