The genus Bullata Jousseaume, 1875 is revised based on conchological characters. All known living species are endemic to Brazil. Two new species are herein described, B. guerrinii and B. analuciae. Bullata guerrinii is most similar to B. largillieri (Kiener, 1841) as both have an enlarged second columellar plication which overrides and fuses with the first, but differs in having a darker coloration, wider aperture, and spire only slightly apparent. Bullata analuciae has similar color pattern to B. largillieri, but differs in having clearly separate first and second columellar plications, a generally larger, thinner shell, a broad aperture and non-denticulated lip. The other 4 known species are described and discussed and a key for identification is presented. A cladistic analysis of Bullata was made using 22 conchological characters (53 states). The single most parsimonious tree obtained (length 37, CI = 81, RI = 69) is as follows: (B. bullata (B. analuciae ((B. largillieri. B. guerrinii) (B. lilacina, B. matthewsi)))). The monophyly of the genus is supported by 8 synapomorphies.