Sula Vineyards Limited announced its financial results for the fourth quarter and full fiscal year ended March 31, 2026. The company reported a 7% year-on-year increase in revenue from operations for Q4 FY26, reaching ₹142.6 crore, marking a return to growth. This was driven by improved traction in Own Brands and strong performance in Wine Tourism. Own Brands revenue saw a 5.4% year-on-year increase to ₹115.4 crore in Q4 FY26. The Elite & Premium portfolio grew by 10.6% year-on-year, with its salience improving to 79% of total Own Brands revenue. Key brands like The Source and RASA showed strong double-digit growth. The company also saw robust growth in markets like Telangana, Uttar Pradesh, and Kerala, with improving trends in Maharashtra and Karnataka. Wine Tourism delivered a record quarter, with revenue up 17.5% year-on-year to ₹23.9 crore. This growth was fueled by a 11% year-on-year increase in visitor footfall and robust room revenue growth of 22% year-on-year. The launch of 'The Haven' by Sula, a new resort with 50 keys, and the expansion of room capacity by approximately 50% to 154 keys contributed to this performance. A new tasting room was launched at Domaine Sula, Karnataka, in January 2026, and an agreement was signed to acquire Chandon's 19-acre wine estate in Dindori, Nashik, to further expand the Wine Tourism footprint. For the full fiscal year FY26, Revenue from Operations stood at ₹596.2 crore, a decrease of 4% YoY, impacted by a -6% YoY decline in Own Brands revenue. However, Wine Tourism revenue grew by 21% YoY to ₹72.8 crore. Gross Profit for Q4 FY26 declined by 3% YoY to ₹100.8 crore, and Operating EBITDA was ₹27.8 crore, a marginal decrease of 2% YoY. The company highlighted that excluding a one-off gain in the base year, Q4 FY26 EBITDA and PBT showed year-on-year growth. Tight control on operating expenses (-3% YoY) helped maintain absolute EBITDA.
