Sula Vineyards Limited — Investor Meet, 13-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Sula Vineyards reported Q4 FY26 revenue up 7% to INR 142 Cr, with Own Brands growing 5%, led by elite/premium. Wine Tourism revenue surged 17% in Q4 and 20% for FY26, exceeding INR 110 Cr with over 4 lakh visitors. Management is "doubling down" on Wine Tourism, allocating significant capex and acquiring Chandon's estate to expand capacity beyond 200 keys. Despite grape cost pressures impacting gross profit, tight cost controls helped maintain Q4 EBITDA. Margins are expected to improve post Q3 FY27. Net debt reduced to INR 280 Cr. The company's outlook signals cautious optimism, with strategic focus on high-margin Wine Tourism and operational efficiency.