Moët Hennessy has agreed the sale of its Chandon India winery in the western state of Maharashtra to domestic leader Sula Vineyards.
The transaction, valued at INR200m (US$2.1m) , comprises Chandon’s 19-acre estate in Dindori in the state’s Nashik region. While the estate and its winemaking infrastructure will transfer to Sula, the purchase does not include any “brand-related assets”, which consist of Chandon Brut, Rose and Aurva.
Established in 2014, the estate, which is home to 5 acres of vineyard, a visitor centre and “a banquet facility”, has an annual production capacity of 4,500 hectolitres, although this is “scalable up to 13,000 hectolitres”, according to Sula.
Once the transaction has closed, estimated to occur by the end of March next year, “Chandon will cease wine production in India, and wines produced from the estate will be marketed by Sula under its own portfolio, with no ongoing use of the Chandon brand,” Sula said.
CEO Rajeev Samant added: “This is a once-in-a-lifetime opportunity to acquire a truly world-class estate. The team at Chandon has built an exceptional foundation, and we are excited to unlock its full value.
“Building on the success of our flagship wine tourism destination near Gangapur Lake in Nashik … , we see strong potential to develop another landmark destination wine resort in Dindori. Leveraging its strategic location and picturesque setting, we believe this estate will play a key role in the next phase of growth for our wine tourism business.”
With five wineries across Maharashtra and Karnataka, Sula claims to be the largest wine company in India, selling “over” 1m cases per year in its home market.
In results from the 12 months of 2025, announced in late January, Moët Hennessy booked a 5% decline in year-on-year sales, thanks in part to the fourth-quarter’s 9% top-line slide.
