Sula Vineyards Limited

Sula Vineyards is strategically expanding its wine tourism business, which propelled a 7% year-over-year revenue increase to ₹142 crore in Q4 FY26 and surpassed ₹100 crore for the full fiscal year. The company’s aggressive expansion plans include acquiring Chandon’s 19-acre Nashik estate and developing a new 50-key resort, aiming to capitalize on rising foot traffic and room revenue. While EBITDA was modestly impacted by higher grape costs and a prior-year gain, the focus on premium portfolio growth and cost control measures suggests resilience, though a reduced dividend payout reflects a more conservative approach to capital allocation.