Sula Vineyards Q1 FY27 Net Revenue Up 3% YoY to ₹109.6 Cr

Sula Vineyards reported a 3% year-on-year growth in Net Revenue from Operations for Q1 FY27, reaching ₹109.6 crore. This growth was primarily driven by strong performance in its Own Brands, particularly the Elite & Premium portfolio, which saw a 6% YoY increase. Wine Tourism revenue surged by 12% YoY to ₹15.5 crore, boosted by higher room revenue and increased guest spend. EBITDA saw a 9% YoY increase to ₹16.6 crore, despite a 150 bps impact from higher blended grape costs. The company also reported a 3% YoY reduction in operating expenses. The CEO highlighted positive sales momentum continuing from Q4 FY26 and noted regional growth, with Telangana showing over 50% YoY growth. The acquisition of the Chandon estate, now 'Domaine Rāsā', has commenced operations, and expansion projects at Nashik are on track.