Sula Vineyards Limited — Investor Meet, 13-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Sula Vineyards reported Q1 FY27 revenue up 3% to INR 121 crore, driven by a 6% rise in Elite & Premium Own Brands and 12% growth in Wine Tourism. Elite & Premium now comprise 78% of Own Brands sales, reflecting a strategic premiumization push. Gross profit declined 5% due to a temporary shift to higher-cost wine grapes (150 bps impact) and an adverse geographical mix (200 bps impact), though operating costs reduced 3%. Management expects margin recovery by FY27 end, with grape costs normalizing in FY28. Net debt lowered to INR 319 crore. Key operational highlights include CSD expansion and new Wine Tourism projects, including the acquired Domaine RASA estate. Management is confident in sustained growth and strategic initiatives.