Sula Vineyards Ltd

The board of Sula Vineyards at its meeting held on 10 June 2026 has approved sale of existing registered office premises of the company for a consideration of not less than Rs 27 crore. Consequently, the board has approved shifting to new registered office located at from 901, Solaris One, Prof. N. S. Phadke Marg, Andheri East, Mumbai - 400069 to 201, Solaris One, Prof. N. S. Phadke Marg, Andheri East, Mumbai - 400069 with effect from 1 July 2026

Sula Vineyards announced that the 23th Annual General Meeting(AGM) of the company will be held on 25 May 2026.

Sula Vineyards announced that the 23th Annual General Meeting(AGM) of the company will be held on 25 June 2026.

Sula Vineyards announced that the Board of Directors of the Company at its meeting held on 6 May 2026, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

Profit before exceptional items and tax stood at Rs 12.12 crore in Q4 FY26 compared with Rs 13.56 crore in Q4 FY25. The company reported exceptional items of Rs 0.12 crore during the quarter, while FY26 exceptional items included a non-recurring impairment loss of Rs 1.82 crore on intangible assets and related goodwill. EBITDA dropped 2.5% to Rs 27.8 crore in Q4 FY26 from Rs 28.5 crore in Q4 FY25. EBITDA margin contracted 192 bps to 19.5% in Q4 FY26 as against 21.4% in Q4 FY25. Revenue from its own brands rose 5.2% year-on-year to Rs 115.3 crore in Q4 FY26, while wine tourism revenue increased 17% year-on-year to a record Rs 23.9 crore. The growth was supported by an 11% rise in footfalls and a 22% increase in room revenue following the launch of its third resort, The Haven by Sula. EBITDA was marginally lower year-on-year, impacted by higher blended grape costs due to a higher mix of wine grapes compared with table grapes. The base quarter also included a one-time gain of Rs 3 crore related to the catch-up impact of pricing on closing inventory in Karnataka. Sales in the Elite and Premium portfolio rose 11% year-on-year during the quarter, led by double-digit growth in The Source and RASA. The Elite and Premium portfolio contributed 79% of sales in Q4FY26, up 400 basis points from a year earlier. Sula Vineyards CEO, Rajeev Sawant, said, '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 Rs 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 a higher mix of wine grapes and a one-off gain of Rs 3 crore 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.' Meanwhile, the company's board recommended a final dividend of Rs 2 per equity share of face value Rs 2 each for the financial year ended March 31, 2026, equivalent to 100%. This compares with a dividend of Rs 3.6 per equity share, or 180%, declared for the previous financial year ended March 31, 2025. Sula Vineyards is principally engaged in the business of the manufacture, purchase, and sale of premium wine and other alcoholic beverages.Powered by Capital Market - Live

Net profit of Sula Vineyards declined 34.00% to Rs 8.60 crore in the quarter ended March 2026 as against Rs 13.03 crore during the previous quarter ended March 2025. Sales rose 7.32% to Rs 134.91 crore in the quarter ended March 2026 as against Rs 125.71 crore during the previous quarter ended March 2025. For the full year,net profit declined 63.46% to Rs 25.65 crore in the year ended March 2026 as against Rs 70.20 crore during the previous year ended March 2025. Sales declined 4.02% to Rs 555.87 crore in the year ended March 2026 as against Rs 579.15 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales134.91125.71 7 555.87579.15 -4 OPM %20.5622.64 -18.6125.74 - PBDT22.2122.30 0 76.38123.33 -38 PBT12.1313.56 -11 37.2188.34 -58 NP8.6013.03 -34 25.6570.20 -63 Powered by Capital Market - Live

Sula Vineyards will hold a meeting of the Board of Directors of the Company on 6 May 2026.

Spread across 19 acres, the estate houses a state-of-the-art winery with an annual production capacity of 4.5 lakh litres, which can be scaled up to 13 lakh litres. The property also includes an ultra-premium visitor centre, a banquet facility and around 5 acres of vineyards, offering a ready platform for wine tourism and hospitality-led growth. The acquisition is being executed through Sula's wholly owned subsidiary, Artisan Spirits, under an asset purchase agreement covering land, buildings and winemaking infrastructure. The deal excludes all brand-related assets. Following the completion of the transaction'expected by the end of Q1 FY27, subject to regulatory approvals'Mo't Hennessy will cease wine production in India. Wines produced at the facility will be marketed by Sula under its own portfolio, with no continued use of the Chandon brand. Sula said it will begin operations of the existing hospitality and tasting facilities immediately upon handover, ensuring business continuity. The company also highlighted the strategic location of the estate in Dindori, close to its existing wineries, enabling operational synergies. The site is located about 20 minutes from Nashik Airport and is expected to benefit from increased connectivity and tourist inflows ahead of the upcoming Kumbh Mela. The acquisition provides Sula with a scalable, premium platform to strengthen its leadership in India's wine market while expanding its presence in high-end wine tourism. Commenting on the acquisition, Rajeev Samant, Founder & CEO of Sula Vineyards said: 'This is a once in a lifetime opportunity to acquire a truly world-class estate. When I first visited the property, I was immediately struck by its beauty and potential. The team at Chandon has built an exceptional foundation, and we are excited to unlock its full value. Dindori is widely regarded as the home of India's finest wine grapes, and this acquisition strengthens our presence here. Building on the success of our flagship wine tourism destination near Gangapur Lake in Nashik, the most visited vineyard globally attracting over 3 lakh visitors annually, we see strong potential to develop another landmark destination wine resort in Dindori. Leveraging its strategic location and picturesque setting, we believe this estate will play a key role in the next phase of growth for our wine tourism business.' Sula Vineyards is principally engaged in the business of manufacture, purchase and sale of premium wine and other alcoholic beverages. The company's consolidated net profit fell 67.6% to Rs 9.10 crore on 9.9% decline in revenue from operations to Rs 180.39 crore in Q3 FY26 over Q3 FY25.Powered by Capital Market - Live

Spread across 19 acres, the estate houses a state-of-the-art winery with an annual production capacity of 4.5 lakh litres, which can be scaled up to 13 lakh litres. The property also includes an ultra-premium visitor centre, a banquet facility and around 5 acres of vineyards, offering a ready platform for wine tourism and hospitality-led growth. The acquisition is being executed through Sula's wholly owned subsidiary, Artisan Spirits, under an asset purchase agreement covering land, buildings and winemaking infrastructure. The deal excludes all brand-related assets. Following the completion of the transaction'expected by the end of Q1 FY27, subject to regulatory approvals'Mo't Hennessy will cease wine production in India. Wines produced at the facility will be marketed by Sula under its own portfolio, with no continued use of the Chandon brand. Sula said it will begin operations of the existing hospitality and tasting facilities immediately upon handover, ensuring business continuity. The company also highlighted the strategic location of the estate in Dindori, close to its existing wineries, enabling operational synergies. The site is located about 20 minutes from Nashik Airport and is expected to benefit from increased connectivity and tourist inflows ahead of the upcoming Kumbh Mela. The acquisition provides Sula with a scalable, premium platform to strengthen its leadership in India's wine market while expanding its presence in high-end wine tourism. Commenting on the acquisition, Rajeev Samant, Founder & CEO of Sula Vineyards said: 'This is a once in a lifetime opportunity to acquire a truly world-class estate. When I first visited the property, I was immediately struck by its beauty and potential. The team at Chandon has built an exceptional foundation, and we are excited to unlock its full value. Dindori is widely regarded as the home of India's finest wine grapes, and this acquisition strengthens our presence here. Building on the success of our flagship wine tourism destination near Gangapur Lake in Nashik, the most visited vineyard globally attracting over 3 lakh visitors annually, we see strong potential to develop another landmark destination wine resort in Dindori. Leveraging its strategic location and picturesque setting, we believe this estate will play a key role in the next phase of growth for our wine tourism business.' Sula Vineyards is principally engaged in the business of manufacture, purchase and sale of premium wine and other alcoholic beverages. The company's consolidated net profit fell 67.6% to Rs 9.10 crore on 9.9% decline in revenue from operations to Rs 180.39 crore in Q3 FY26 over Q3 FY25. Shares of Sula Vineyards rose 1.67% to settle at Rs 152.40 on the BSE. The stock market remained closed today on account of Shir Ram Navami. Powered by Capital Market - Live

The reappointment was earlier approved by the company's board on 10th November 2025 and by shareholders through a postal ballot on 12th December 2025, subject to government clearance under Section 196 read with Schedule V of the Companies Act, 2013, since Samant qualifies as a non-resident under applicable provisions. With the Central Government's approval now in place, Samant will continue to lead Sula Vineyards for the next three years, overseeing the company's operations and strategic initiatives in the wine and spirits sector. Sula Vineyards is principally engaged in the business of manufacture, purchase and sale of premium wine and other alcoholic beverages. The company's consolidated net profit fell 67.6% to Rs 9.10 crore on 9.9% decline in revenue from operations to Rs 180.39 crore in Q3 FY26 over Q3 FY25. Shares of Sula Vineyards tanked 5.04% to Rs 145 on the BSE. Powered by Capital Market - Live