Sula Vineyards Limited

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BSE Limited (“BSE”), Corporate Relationship Department, 2nd Floor, New Trading Ring, P.J. Towers, Dalal Street, Mumbai – 400 001. BSE Scrip Code: 543711 ISIN: INE142Q01026 Please find attached

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performance of the business of the Company. None of the Company, their affiliates, agents or advisors,, promoters or any other persons that may participate in any offering of any securities of the Compan

Rs. 217.5

biennial event 5 Performance Highlights Q3 & 9M FY25 Key Highlights – Q3 FY25 ▪ Net Revenue: Rs. 217.5 Cr 0.6% YoY Financials ▪ Gross Profit: Rs. 135.2 Cr 7.3% YoY ▪ EBITDA: Rs. 53.9 Cr 26.3% YoY5 ▪

0.6%

t 5 Performance Highlights Q3 & 9M FY25 Key Highlights – Q3 FY25 ▪ Net Revenue: Rs. 217.5 Cr 0.6% YoY Financials ▪ Gross Profit: Rs. 135.2 Cr 7.3% YoY ▪ EBITDA: Rs. 53.9 Cr 26.3% YoY5 ▪ Own Bra

Rs. 135.2

M FY25 Key Highlights – Q3 FY25 ▪ Net Revenue: Rs. 217.5 Cr 0.6% YoY Financials ▪ Gross Profit: Rs. 135.2 Cr 7.3% YoY ▪ EBITDA: Rs. 53.9 Cr 26.3% YoY5 ▪ Own Brands Revenue: Rs. 194.7 Cr 1.0% YoY Own Bran

7.3%

ighlights – Q3 FY25 ▪ Net Revenue: Rs. 217.5 Cr 0.6% YoY Financials ▪ Gross Profit: Rs. 135.2 Cr 7.3% YoY ▪ EBITDA: Rs. 53.9 Cr 26.3% YoY5 ▪ Own Brands Revenue: Rs. 194.7 Cr 1.0% YoY Own Brands ▪ E

Rs. 53.9

▪ Net Revenue: Rs. 217.5 Cr 0.6% YoY Financials ▪ Gross Profit: Rs. 135.2 Cr 7.3% YoY ▪ EBITDA: Rs. 53.9 Cr 26.3% YoY5 ▪ Own Brands Revenue: Rs. 194.7 Cr 1.0% YoY Own Brands ▪ Elite & Premium continued

26.3%

ue: Rs. 217.5 Cr 0.6% YoY Financials ▪ Gross Profit: Rs. 135.2 Cr 7.3% YoY ▪ EBITDA: Rs. 53.9 Cr 26.3% YoY5 ▪ Own Brands Revenue: Rs. 194.7 Cr 1.0% YoY Own Brands ▪ Elite & Premium continued its mome

Rs. 194.7

als ▪ Gross Profit: Rs. 135.2 Cr 7.3% YoY ▪ EBITDA: Rs. 53.9 Cr 26.3% YoY5 ▪ Own Brands Revenue: Rs. 194.7 Cr 1.0% YoY Own Brands ▪ Elite & Premium continued its momentum (+5.6% YoY) led by healthy double-

1.0%

Profit: Rs. 135.2 Cr 7.3% YoY ▪ EBITDA: Rs. 53.9 Cr 26.3% YoY5 ▪ Own Brands Revenue: Rs. 194.7 Cr 1.0% YoY Own Brands ▪ Elite & Premium continued its momentum (+5.6% YoY) led by healthy double-digit g

5.6%

▪ Own Brands Revenue: Rs. 194.7 Cr 1.0% YoY Own Brands ▪ Elite & Premium continued its momentum (+5.6% YoY) led by healthy double-digit growth in Iconic brands – The Source and RASA. Share at all-time

80.5%

by healthy double-digit growth in Iconic brands – The Source and RASA. Share at all-time high of 80.5% (vs. 77% LY) ▪ Revenue ex-Maharashtra and Karnataka grew 8% YoY. West Bengal, Haryana, Delhi, MP,

“8 8 Wine Tourism Update – Q3 FY25 Record High Quarterly Revenue in Q3 FY25 driven by a Vibrant Festive & Wedding Season 81% Avg.”

“Well-placed to realize 100% of potential WIPS from FY26 vs 80% in FY25 o Other expenses rose on account of higher investment in market and brand development pan-India o Outlook: Targeting significant earnings expansion from FY26 19.6% -674bps 11.7% 16.6% -490bps 5.09 -34.7% 6.77 9.45 -28.3% Note: Gross Profit = Net Revenue from Operations - Excise Duty – Cost of Goods Sold.”

Note

1

Note

• ^Higher S&D in distribution (net off from revenue) and lower WIPS led to Value Change % being 900 bps lower than Volume Change % for Economy & Popular in Q3 • *Value Change in 9MFY25 includes WIPS unwinding benefit of INR 10 Cr. 8 8 Wine Tourism Update – Q3 FY25 Record High Quarterly Revenue in Q3 FY25 driven by a Vibrant Festive & Wedding Season 81% Avg. Room Occupancy Up 500 bps YoY INR 10,500+ Avg. Room Revenue Up 34% YoY 94,033* Visitor Footfall down 10% YoY Added three stylish villas and 16 rooms overlooking the picturesque Gangapur lake in Nasik Improved occupancy led by a strong festive and wedding season Significantly higher ARRs led by healthy festive demand and record number of wedding bookings Lower footfalls given focus on improving spend per guest and elevating visitor experience Note: *Footfall includes visitors at The Source, Beyond, Yorks (Nashik), and Domaine Sula (Karnataka) 9 9 Profit & Loss Statement – Q3 & 9M FY25 Particulars (in INR Cr)) Q3Y25 Q3FY24 - Own Brand