Sula Vineyards Limited has announced its earnings conference call to discuss the financial results for the third quarter and nine months of FY26. The call is scheduled for Monday, February 9, 2026, at 4:00 PM IST, following the company's disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Participation

The earnings call will feature key members of the company's leadership team who will present and discuss the financial performance for the quarter and nine months ended December 31, 2025.

Conference Call Access Details

Sula Vineyards has provided comprehensive access options for participants to join the earnings conference call, including both domestic and international numbers.

Investor Relations Contact

For any queries related to the earnings call or investor relations matters, participants can contact Mandar Kapse, IR Head, at +91 7304563606 or via email at mandar.kapse@sulawines.com .

Regulatory Compliance

The announcement was made on January 29, 2026, in compliance with regulatory requirements and was communicated to both the National Stock Exchange of India Limited (NSE Symbol: SULA) and BSE Limited (BSE Scrip Code: 543711). The company's ISIN is INE142Q01026, and the communication was digitally signed by CFO Abhishek Kapoor.

This earnings call represents an important opportunity for investors and analysts to gain insights into Sula Vineyards' operational and financial performance during the third quarter and nine-month period of the current fiscal year.

Sula Vineyards Limited has expressed confidence about the limited impact of the India-EU Free Trade Agreement on the domestic wine industry, following the establishment of protective measures for Indian wine producers.

Key Provisions of India-EU FTA Framework

The trade agreement includes several important provisions that address concerns of the Indian wine industry:

According to the company's statement, any reduction in import duties would apply only to wines priced above the Minimum Import Price (MIP) of €2.5 per 750 ml bottle CIF. Imports below this threshold would continue to attract the existing 150% duty, providing significant protection to the domestic market.

Expected Implementation Timeline

Sula Vineyards anticipates a phased approach for duty reductions, drawing parallels with the India-Australia FTA implementation:

• Year 1: First duty reduction to approximately 75%
• 7-10 Year Period: Gradual tapering to 20% for premium wines and 30% for mid-priced wines
• Implementation Style: Similar to India-Australia FTA's decade-long gradual approach

The company believes this framework delivers a balanced outcome that protects the majority of Indian wines while supporting long-term expansion of the domestic wine market.

Company's Market Position and Outlook

Sula Vineyards maintains confidence in its market position despite the trade agreement. The company highlighted its strong portfolio of market-leading brands:

• Sula: Core brand offering
• The Source: Mid-segment positioning
• RASA: Premium range (expected to face limited impact)
• Dindori Reserve: Specialty collection

The company expects only limited impact from the proposed agreement, largely confined to its most-premium RASA range. This confidence stems from the company's loyal consumer base and record traction in wine tourism operations.

Industry Leadership and Market Presence

As India's largest wine company, Sula Vineyards commands over 50% of the domestic premium wine market. The company operates:

The company's wine tourism business includes a luxurious resort and wine-themed restaurants in Nashik and near Bangalore. Sula introduced India's first Winery Tasting Room in 2005 and opened the country's first vineyard resort in 2010.

Strategic Response to Trade Agreement

Sula Vineyards lauded the Indian government for addressing key concerns of the wine industry through this historic trade agreement. The company views the minimum import price framework as adequate protection for domestic producers while allowing for market expansion opportunities.

The statement emphasizes that the agreement safeguards the interests of the Indian wine industry, particularly for wines in the mass and premium segments that form the majority of domestic consumption. With its established brand portfolio and strong market presence, the company remains optimistic about navigating the changing trade landscape.