{"id":1982,"date":"2026-05-22T13:23:56","date_gmt":"2026-05-22T07:53:56","guid":{"rendered":"https:\/\/www.bullscreen.in\/news\/?p=1982"},"modified":"2026-05-22T13:23:56","modified_gmt":"2026-05-22T07:53:56","slug":"sula-vineyards-q4-results-2026-premium-wine-tourism-growth","status":"publish","type":"post","link":"https:\/\/www.bullscreen.in\/news\/sula-vineyards-q4-results-2026-premium-wine-tourism-growth\/","title":{"rendered":"Sula Vineyards Q4 Results 2026: Premium Wine Sales and Tourism Growth Drive Revenue Recovery"},"content":{"rendered":"\n

Sula Vineyards Limited<\/a> reported a steady operational recovery in its Q4 results 2026, supported by strong premium wine demand and record growth in its wine tourism business, even as margins remained under pressure from higher grape procurement costs.<\/p>\n\n\n\n

The company posted total revenue from operations of INR 142.6 crore in Q4 FY26, up 7% year-on-year from INR 133.1 crore. Own brands revenue rose 5% to INR 115.3 crore, while wine tourism revenue jumped 18% to INR 23.9 crore as visitor footfalls crossed 112,300 during the quarter.<\/p>\n\n\n\n

Sula\u2019s premiumization strategy continued to gain traction. Elite and premium wines grew 10.6% year-on-year and accounted for 79% of the overall portfolio mix, compared with 75% a year earlier. Flagship labels including The Source and RASA recorded double-digit growth, highlighting rising consumer preference for premium wines in India.<\/p>\n\n\n\n

However, profitability remained under pressure in the Q4 results 2026. Gross margin declined to 70.7% from 78.2% a year ago due to elevated wine grape sourcing costs and a strategic shift toward dedicated wine grape cultivation. Profit after tax fell 34% year-on-year to INR 8.6 crore, while operating EBITDA slipped 2% to INR 27.8 crore.<\/p>\n\n\n\n

For the full financial year, wine tourism revenue crossed the INR 100 crore milestone for the first time. The company also expanded its cellar capacity by 1 million liters, taking total capacity to 19.2 million liters.<\/p>\n\n\n\n

Sula further strengthened its long-term growth strategy through premium product launches and the planned acquisition of Chandon\u2019s 19-acre wine estate in Nashik, which is expected to enhance its high-margin tourism and direct-to-consumer business.<\/p>\n\n\n\n

<\/i><\/span>Sula Vineyards Q4 results 2026 Highlights <\/h2>
<\/div><\/div>\n\n\n\n
Metric<\/th>Q4 FY26<\/th>YoY Change<\/th><\/tr><\/thead>
Total Revenue from Operations<\/td>INR 142.6 Cr<\/td>\u25b2 7%<\/td><\/tr>
Own Brands Revenue<\/td>INR 115.3 Cr<\/td>\u25b2 5%<\/td><\/tr>
Wine Tourism Revenue<\/td>INR 23.9 Cr<\/td>\u25b2 18%<\/td><\/tr>
Operating EBITDA<\/td>INR 27.8 Cr<\/td>\u25bc 2%<\/td><\/tr>
Profit After Tax (PAT)<\/td>INR 8.6 Cr<\/td>\u25bc 34%<\/td><\/tr>
Gross Margin<\/td>70.7%<\/td>\u25bc 745 bps<\/td><\/tr>
Premium Wine Segment Growth<\/td>\u2014<\/td>\u25b2 10.6%<\/td><\/tr>
Premium Portfolio Mix<\/td>79%<\/td>Up from 75%<\/td><\/tr>
Wine Tourism Visitors<\/td>112,300+<\/td>\u25b2 12%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/i><\/span>Sula Vineyards FY26 Business & Expansion Snapshot <\/h2>
<\/div><\/div>\n\n\n\n
Metric<\/th>Details<\/th><\/tr><\/thead>
Domestic Premium Wine Market Share<\/td>Over 50%<\/td><\/tr>
Total Cellar Capacity<\/td>19.2 Million Liters<\/td><\/tr>
Vineyard Network<\/td>2,800+ Acres<\/td><\/tr>
Distribution Reach<\/td>25,000+ POS Across India<\/td><\/tr>
Export Presence<\/td>29 Countries<\/td><\/tr>
Solar Energy Usage<\/td>75% of Annual Energy Needs<\/td><\/tr>
Resort Capacity<\/td>154 Keys<\/td><\/tr>
Average Room Rate (ARR)<\/td>INR 10,554<\/td><\/tr>
New Acquisition<\/td>Chandon\u2019s 19-Acre Nashik Estate<\/td><\/tr>
New Premium Launches<\/td>Muscat Blanc, The Source Chardonnay, The Source Grenache Red<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/i><\/span>Sula Vineyards Long-Term Growth Metrics (FY21\u2013FY26) <\/h2>
<\/div><\/div>\n\n\n\n
Metric<\/th>Growth Trend<\/th><\/tr><\/thead>
Total Operating Revenue CAGR<\/td>6%<\/td><\/tr>
Own Brands Sales CAGR<\/td>12%<\/td><\/tr>
Wine Tourism Revenue CAGR<\/td>32%<\/td><\/tr>
PAT CAGR<\/td>52%<\/td><\/tr>
FY26 ROCE<\/td>11%<\/td><\/tr>
Debt-to-EBITDA Ratio<\/td>Below 3x<\/td><\/tr>
FY26 Wine Tourism Milestone<\/td>Crossed INR 100 Cr Revenue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Source: https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/41a61856-0e07-41ef-89f5-adbcb3af126a.pdf<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Sula Vineyards Limited reported a steady operational recovery in its Q4 results 2026, supported by…<\/p>\n","protected":false},"author":2,"featured_media":1983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[264,382],"class_list":["post-1982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fmcg","tag-q4-results-2026","tag-sula"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts\/1982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/comments?post=1982"}],"version-history":[{"count":1,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts\/1982\/revisions"}],"predecessor-version":[{"id":1984,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts\/1982\/revisions\/1984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/media\/1983"}],"wp:attachment":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/media?parent=1982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/categories?post=1982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/tags?post=1982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}