Sula Vineyards to Develop Resort at Chandon Winery as Wine Tourism Revenue Surpasses ₹100 Crore
Sula Vineyards aims to enhance its wine tourism portfolio by developing a resort at the Chandon winery site, which it acquired from LVMH. The company's wine tourism revenue has exceeded ₹100 crore, comprising 20% of its overall turnover, highlighting the sector's growth potential.
Sula Vineyards is establishing a resort at the Chandon winery in Dindori, Nashik, following its acquisition from LVMH. The company reported wine tourism revenue exceeding ₹100 crore, representing 20% of its total turnover.
AI-curated by TheiaThe new resort plans will capitalize on the increasing visitor numbers, with 3-3.5 lakh guests annually participating in tours and tastings. Sula's share of India's wine tourism market is estimated at 80-85%.
Recent investments in sustainable practices include solar energy initiatives and water recycling systems, aiming for net zero emissions by 2050. The growth in wine tourism indicates significant future revenue opportunities for Sula, though competition may increase as the sector expands.
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