(Reuters) -Australia's Treasury Wine Estates reported a 15.5% rise in its annual underlying profit on Wednesday, reflecting strong performance in its luxury portfolio, particularly Penfolds.

The country's biggest wine producer reported underlying net profit after tax of A$470.6 million ($307.21 million) for the year ended June 30, compared with A$407.5 million a year earlier.

That missed the Visible Alpha estimate of A$472.1 million.

($1 = 1.5319 Australian dollars)