Sula Vineyards Limited — Updates, 11-07-2025: Press Release

Sula Vineyards has announced a board meeting on its financial results for the quarter and half-year. Q1 FY26 revenue remained steady at INR 118.3 Cr, excluding a one-time INR 10.4 Cr benefit last year. Own Brands revenue declined 10.8% due to urban consumption slowdown and trade pre-loading ahead of Maharashtra’s excise hike on spirits, though wine duties remain unchanged. Wine Tourism surged 21.8%, driven by higher footfalls, record resort occupancy, and improved access via the new Samruddhi Highway. New tasting room near Gujarat border and launch of ‘Sula Muscat Blanc’ (7.5% ABV) highlight growth initiatives.