Sula Vineyards Acquires Chandon Estate in Nashik

Sula Vineyards announced on March 25, 2026, that it has signed an agreement to acquire the Chandon wine production facility and a 19-acre estate in Dindori, Nashik. This move is set to add 4.5 lakh litres of annual wine production capacity, with potential to scale up to 13 lakh litres.

The acquired 19-acre property includes approximately 5 acres of vineyards and a visitor centre. The transaction is structured as an asset purchase and is expected to be completed by the end of the first quarter of fiscal year 2027, pending necessary regulatory approvals.

Expanding Production and Tourism

This acquisition significantly expands Sula Vineyards' wine tourism footprint, creating a new destination within the popular Nashik wine belt. It also aims to enhance the company's operational integration in the Dindori region, allowing for more streamlined production management. Post-acquisition, wines produced from the estate will be marketed under Sula's own brand portfolio.

Sula's Growth Strategy

As India's largest wine producer, Sula Vineyards consistently pursues expansion in both production capacity and wine tourism. The company has a track record of investing in its Nashik facilities to strengthen its market leadership and meet rising domestic demand.

Key Changes and Investor Outlook

Shareholders can anticipate an enhanced wine tourism offering that could drive higher visitor numbers and revenue. The increased production capacity will support Sula's growth plans and its ability to meet market demand. Operational synergies in the Dindori region may lead to cost efficiencies, and the acquired wines will be integrated into Sula's sales channels.

Potential Risks

A key factor to monitor is the successful completion of regulatory approvals, which are required for the transaction to finalize by the end of Q1 FY27.

Competitive Landscape

Sula Vineyards operates in a specialized market with few direct listed competitors. Grover Zampa Vineyards is another major Indian wine producer, known for its varied portfolio and winery experiences, competing directly in production and tourism. Charosa Estate also has vineyard acreage and production capacity in Nashik, making it a regional competitor.

Next Steps

Investors and stakeholders should monitor the progress of regulatory approvals for the acquisition and the official closing of the deal, expected by the end of Q1 FY27. Further announcements regarding the integration of the Chandon facility into Sula's operations and future plans for the estate are also key points to track.