Sula Vineyards Ltd

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

Net profit of Sula Vineyards declined 67.57% to Rs 9.10 crore in the quarter ended December 2025 as against Rs 28.06 crore during the previous quarter ended December 2024. Sales declined 9.87% to Rs 180.39 crore in the quarter ended December 2025 as against Rs 200.15 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales180.39200.15 -10 OPM %17.7126.51 - PBDT24.6746.14 -47 PBT14.2637.21 -62 NP9.1028.06 -68 Powered by Capital Market - Live

Sula Vineyards will hold a meeting of the Board of Directors of the Company on 6 February 2026.Powered by Capital Market - Live

The drop in revenue was primarily due to short-term route-to-market disruption in Telangana. Excluding Telangana, revenue grew mid-single digit YoY. Profit before tax (PBT) declined 54.3% YoY to Rs 8.27 crore in Q2 Sept 2025. EBITDA dropped 24.3% to Rs 25.5 crore in Q2 Sept 2025 compared with Rs 33.6 crore in Q2 Sept 2024. EBITDA margin contracted to 18.2% in Q2 FY26 from 23.8% in Q2 FY25. Revenue from wine tourism increased 7.7% YoY to Rs 13.2 crore, driven by increased footfalls, higher resort occupancy (77% in Q2 FY26 from 74% in Q2 FY25) and spend per guest. Meanwhile, revenue from own brands fell 2.5% YoY to Rs 124.1 crore in Q2 Sept 2025. Rajeev Samant, CEO,Sula Vineyars, said, 'We reported steady revenue from operations in Q2 FY26. Our wine tourism business continued its strong growth momentum to deliver a record Q2. Own Brands performance was subdued, primarily due to a short-term route-to-market disruption in Telangana, our third-largest market. The expiry of retail licenses in Nov'25 led to destocking ahead of new issuances. That said, with the license auction process expected to conclude soon and the supply transition to new holders commencing in Dec'25, we anticipate a good recovery towards latter half of H2. Importantly, excluding the Telangana impact, revenue grew in mid-single digits year-on-year in Q2, supported by healthy double-digit growth in 8 states - Haryana, Uttar Pradesh, Rajasthan, among others. Additionally, the CSD segment too delivered a robust performance, with sales nearly doubling YoY, reflecting the benefits of expanded label listings. The share of Elite & Premium stood stable at 78% in Q2 FY26. The Source range continued to post strong double-digit growth, even amid a subdued urban demand environment. Wine Tourism continues to be a stand-out, growing 8% YoY in Q2 led by increased footfalls, record Q2 resort occupancy and higher spend per guest. In an exciting development, Sula launched its third resort - The Haven by Sula - in Oct'25 featuring 30 keys and a state-of-the-art convention centre. We have had a good start to H2 with strong bookings & footfalls in Oct'25, and the new resort will further add significant impetus to wine tourism performance in H2. Meanwhile, the company's board has approved the re-appointment of Rajeev Samant as the managing director & CEO for three-year term, effective from 1st April 2026 to 31st March 2029. Sula Vineyards is principally engaged in the business of the manufacture, purchase, and sale of premium wine and other alcoholic beverages. Shares of Sula Vineyards touched a record low of Rs 242 in intraday today.Powered by Capital Market - Live

Net profit of Sula Vineyards declined 58.43% to Rs 6.02 crore in the quarter ended September 2025 as against Rs 14.48 crore during the previous quarter ended September 2024. Sales declined 1.10% to Rs 130.91 crore in the quarter ended September 2025 as against Rs 132.36 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales130.91132.36 -1 OPM %19.4525.39 - PBDT17.7426.77 -34 PBT8.2718.08 -54 NP6.0214.48 -58 Powered by Capital Market - Live

Sula Vineyards will hold a meeting of the Board of Directors of the Company on 10 November 2025.Powered by Capital Market - Live

Sula Vineyards Ltd fell 1.2% today to trade at Rs 284.3. The BSE Fast Moving Consumer Goods index is down 0.18% to quote at 20895.64. The index is up 3.15 % over last one month. Among the other constituents of the index, Sanstar Ltd decreased 1.12% and Godrej Consumer Products Ltd lost 1.11% on the day. The BSE Fast Moving Consumer Goods index went down 12.29 % over last one year compared to the 1.45% fall in benchmark SENSEX. Sula Vineyards Ltd has added 13.74% over last one month compared to 3.15% gain in BSE Fast Moving Consumer Goods index and 1.51% rise in the SENSEX. On the BSE, 13221 shares were traded in the counter so far compared with average daily volumes of 2.22 lakh shares in the past one month. The stock hit a record high of Rs 497.45 on 16 Sep 2024. The stock hit a 52-week low of Rs 242.55 on 03 Mar 2025.Powered by Capital Market - Live