India’s leading wine producer, Sula Vineyards, reported a 34% increase in consolidated net profit for the quarter ended September 2026, supported by strong demand for premium wine brands and growth in its wine tourism business. The company announced its quarterly performance on November 5, 2026, highlighting continued momentum in its premium portfolio and hospitality-related operations.
Sula Vineyards posted a consolidated net profit of ₹80.9 million (approximately ₹8.09 crore) for the quarter, compared with ₹60.2 million (₹6.02 crore) in the corresponding period last year. Revenue from operations increased 4% year-on-year to ₹1.45 billion (₹145 crore), reflecting improved sales performance despite changing consumer preferences in the alcoholic beverages market.
The company’s elite and premium wine brands continued to drive growth. Sales from these segments increased 9%, and they now account for 82% of Sula’s own-brand sales. The growing contribution of premium labels highlights the company’s focus on higher-value products as consumers increasingly explore premium wine offerings.
Wine tourism also delivered a strong performance during the quarter, with revenue from the segment rising 24% year-on-year. Sula has been expanding its hospitality and visitor experiences around its Nashik operations, strengthening its position beyond wine manufacturing and retail sales.
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The company has also announced an investment of ₹250 million (₹25 crore) to develop a new hotel in Nashik, Maharashtra, where it is headquartered. The proposed project is expected to strengthen its wine tourism and hospitality business.
Sula’s latest results underline the growing importance of premium products and tourism-led diversification in India’s wine industry. With premium brands contributing a larger share of sales and investments planned in de-alcoholised wine and hospitality, the company is positioning itself to tap emerging opportunities in the evolving beverage market.
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