Sula Vineyards Ltd — earnings calls

Sula Vineyards reported Q4 FY26 revenue growth of 7% year-on-year to Rs 142 crore, driven by a recovery in Own Brands and continued strength in Wine Tourism, which crossed Rs 100 crore in annual revenue for the first time. Full year FY26 revenue declined 2% year-on-year excluding a one-time gain in the prior year, with Own Brands contracting 5% due to disruptions in Karnataka and Telangana during the first nine months. Management said EBITDA in Q4 was slightly lower year-on-year due to higher blended grape costs and a prior-year one-off gain, while cost reduction measures helped keep absolute EBITDA largely intact.