Sula Vineyards Limited (SULA) — Announcement | 13 August 2026

13 August 2026 · NSE Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Sula Vineyards reports 3% YoY revenue growth in Q1 FY27 with margin pressure from grape costs.

🔄 What Changed

3% revenue growth, 150 bps margin impact from grape costs, 3% operating cost reduction

🔮 What's Next

Margin normalization expected by Q1 FY28; EBITDA recovery targeted before FY27 end

💡 Investor Takeaway

Shareholders should monitor grape cost normalization timing and Karnataka resort progress as near-term growth catalysts.

⚠️ Risks

Karnataka resort expansion delayed due to permission issues; potential tourism upside from Kumbh Mela 2026-27.

Sula Vineyards reported 3% YoY revenue growth in Q1 FY27 driven by premium brand recovery and Wine Tourism expansion, with Wine Tourism contributing 13% of revenue and occupancy at 63%. Margin pressure from 150 bps higher grape costs is expected to normalize by Q1 FY28 as grape mix rebalances, while operating costs fell 3% and EBITDA margin recovery is targeted before FY27 end. New CSD brand approvals and Domain RASA acquisition support growth, though Karnataka resort permissions remain pending.

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About Sula Vineyards Limited (SULA)

Fast Moving Consumer Goods · Alcoholic Beverages · Listed on NSE

Market Cap: ₹1,112.59 CrP/E: 44.8ROE: 4.2%ROCE: 7.4%Div Yield: 1.52%

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"How will grape cost normalization impact FY28 margins?""When will Karnataka resort permissions be secured?""What is the expected EBITDA margin level by FY27 end?"

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📊 More SULA filings

Announcement — 28 September 2026Sula Vineyards announced that its trading window closes on 1 October 2026 for all insiders until 48 ...
🟡 Voting Results — 7 September 2026Sula Vineyards convened a postal ballot on 7 September 2026 to seek shareholder approval for two res...
Announcement — 7 August 2026Sula Vineyards announced its participation in upcoming investor meetings scheduled for August 13, 20...
Announcement — 30 July 2026Sula Vineyards announced its Q1 FY27 earnings conference call scheduled for 7 August 2026 at 3:00 PM...
share transfer — 8 July 2026Sula Vineyards disclosed that its registrar and transfer agent, KFin Technologies, submitted demater...

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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