It took out the honour in Drinks International magazine’s annual poll judged by almost 200 industry experts.
“After 172 years in the wine business, we’re still hungry, still excited and still eager to make better wine and champion new followers,” chief winemaker Peter Gago said.
Penfolds also received record recognition as ‘Winery of the Year’ for the 25th year in a row by Wine & Spirits magazine in late 2015 – a world first.
Last year Penfolds received the outstanding honour for 1971 Grange, which FINE magazine named the world’s best wine from the 1970s. Penfolds also bagged the International Wine Challenge award for the International White Winemaker of the Year.