Pursuant to Regulation 30 of the Listing Regulations, please find attached a press release 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”. 

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 

May 6, 2026, Mumbai: Sula Vineyards Limited (NSE: SULA), India’s largest wine producer, announced its  Q4 & FY26 Results today. 

Q4 & FY26 – KEY HIGHLIGHTS 

Q4 FY26 Revenue 7% YoY driven  by improved traction in Own Brands  and strong double-digit growth in Wine  Tourism. 

Elite & Premium sales 11% YoY in Q4FY26 led by strong double-digit growth in The Source & RASA. Elite & Premium share up 400 bps YoY to 79% 

 HIGHEST EVER 

Wine Tourism revenue of INR 23.9 Cr in Q4 FY26; 17% YoY led by double-digit growth  in footfalls (+11% YoY) and robust increase in room  revenue (+22% YoY) with launch of our 3rd resort –  The Haven by Sula 

EBITDA marginally lower YoY, impacted by  higher blended grape cost (higher mix of wine  grape vs. table grape) and a one-off gain of INR  3 Cr in Q4 FY25 (prior year) on account of  one-time catch-up impact of pricing on the closing  inventory in Karnataka. 

Particulars (INR Cr) 

Q4FY26Q4FY25YoYFY26FY25YoY

Note: *Excluding one-time WIPS unwinding benefit of INR 10.4 Cr in Q1FY25 

Wine Tourism represents room revenue, sale of F&B, merchandise, and all other ancillary

RAJEEV SAMANT,CEO, Sula Vineyards 

I am pleased to say that after a few tough quarters, we saw a much better performance in Q4 FY26, marking a return to  growth with revenue up 7% YoY. This recovery was driven by a combination of improved traction in Own Brands and  another record quarter in Wine Tourism. Within Own Brands, our Elite & Premium portfolio continued to lead the mix,  anchored by strong double-digit growth in The Source and RASA. Regionally, Telangana, Uttar Pradesh, and Kerala  delivered robust growth, while our two largest markets – Maharashtra and Karnataka, are seeing a progressively  improving trend. 

Wine Tourism once again delivered a strong performance, growing 17% YoY, driven by an 11% increase in footfalls  and robust room revenue growth following the launch of The Haven. Notably, the Republic Day long weekend in 2026  set a new record for highest single-day revenue and footfall, surpassing the previous record set during the Christmas  weekend in Q3. Importantly, Wine Tourism continued to set new milestones, with revenue crossing the INR 100 crore  mark for the first time, including wine sales at our resorts. This sustained momentum reinforces our confidence in Wine  Tourism as a powerful and scalable growth engine. 

On the profitability front, while EBITDA was impacted by higher mix of wine grapes and a one-off gain of INR 3 Cr in the  prior year base, the underlying comparable performance improved. Disciplined cost management enabled us to maintain  absolute EBITDA, and excluding the one-off gain in the prior year base, both EBITDA and PBT showed a YoY growth. 

We have strategically signed an agreement to acquire Chandon’s 19-acre, world-class estate in Dindori, Nashik, to  expand our Wine Tourism footprint. More details will be announced shortly. 

Encouragingly, demand conditions have improved meaningfully across our key markets, and we are seeing a steady  recovery in Own Brands alongside the sustained strong momentum in Wine Tourism. Overall, the strategic actions we  have taken to strengthen profitability are beginning to show results, positioning us well heading into FY27.

ABOUT SULA VINEYARDS LIMITED 

Sula Vineyards Limited is India’s largest wine company, commanding over 50% of the domestic premium wine  market. With a diverse portfolio of over 50 labels spanning multiple price points, Sula has firmly established itself  as the market leader in every category of wine. 

A pioneer of wine tourism in India, Sula’s Nashik campus is the most visited vineyard destination globally,  attracting over 3.5 lakh visitors annually. Its hospitality portfolio includes three luxury resorts in Nashik— The  Source, Beyond, and our newest addition The Haven—with a combined 154 keys. The company also operates  four standalone wine-themed restaurants and tasting rooms, co-located with wineries in Nashik and near  Bengaluru, Karnataka. 

With five state-of-the-art wineries across Maharashtra and Karnataka, Sula produces India’s most loved wine  brands distributing over 1 million cases annually across India. A trailblazer in the industry, Sula introduced India’s  first winery tasting room in 2005, launched the country’s first vineyard resort in 2010, and launched India’s first  wine-in-a-can in 2020 — milestones that have helped shape India’s modern wine culture. 

Sula’s unwavering focus on innovation and quality has earned it numerous international accolades, including  honours at the world’s leading wine competitions. Beyond winemaking, the company is deeply committed to  sustainability and to supporting local communities, playing a vital role in the development of the rural economy.