Sula Vineyards Maintains Revenue Stability in Q2 FY26, Wine Tourism Delivers Record Q2 Performance with 8% YoY Growth

Sula Vineyards Limited, India's largest wine producer, announced its Q2 & H1 FY26 Results. Q2 FY26 Revenue from Operations grew 41.1% YoY primarily due to short-term route-to-market disruption in Telangana. Excluding Telangana, revenue grew mid-single digit YoY. Wine Tourism revenue reached an all-time high of 13.2 Cr in Q2 FY26, growing 7.7% YoY. The growth in Wine Tourism was driven by increased footfalls, higher resort occupancy, and higher spend per guest. Sula launched its third resort in Oct’25, which is expected to further boost wine tourism performance in H2. The company remains well-positioned to deliver improved operating profitability in the second half of FY26, supported by a more favorable urban demand environment, higher WIPS income, and sustained traction in Wine Tourism.