Alcohol

Piccadily Agro Industries Ltd, maker of single malt whisky Indri and Camikara Rum, has reported a 13.6 per cent increase in its net profit to Rs 45.22 crore for the March quarter of FY26 on a year-on-year basis, driven by its premium alchoBev portfolio. The company had posted a net profit of Rs 39.80 crore in the January-March quarter a year ago, according to a regulatory filing by Piccadily Agro. Its sales rose 31.8 per cent to Rs 353.69 crore in the December quarter of FY26, compared to Rs 268.23 crore in the corresponding period of the previous fiscal. Revenue from the operation of Siddhartha Sharma-promoted company stood at Rs 359.56 crore in Q4 FY26, up 32.37 per cent from the year-ago period. Total expenses of Piccadily Agro, which is demerging its sugar business and expects completion by the end of FY27, were at 300.86 crore in the March quarter, up 36.37 per cent year-on-year. During the quarter, revenue from "distillery grew by 65.6 per cent and sugar declined by 7.9 per

Alcobev firms may see margins shrink 150-200 bps and growth slow as glass bottle shortages and rising packaging costs, driven by LNG disruptions, weigh on operations

ABD appoints Amar Sinha as managing director as Alok Gupta's tenure nears end, aiming to drive growth and transformation in India's premiumising spirits market

Gen Z is driving a shift from volume to value in India's alcobev market, favouring premium, experience-led consumption, low-ABV formats, and authenticity over brand loyalty

Sale of RCB stake to boost cash flows and support deleveraging, while premiumisation and policy shifts underpin steady growth outlook for United Spirits

Instead of steep hikes, states are relying on licence fee increases, reserve price revisions, and recalibration of tax

Karnataka will end liquor price control and adopt an alcohol-in-beverage-based tax from April 2026, with reforms aimed at transparency, compliance ease and boosting excise revenue

India is the world's eighth-largest alcohol market with annual revenues of $45 billion, each state has its own regulations and pricing

Is hepatitis always caused by alcohol? Does it spread through touch or food? Can herbal remedies cure it? In this episode of our fact-check series, a liver specialist debunks common hepatitis myths

Soufflet Malt's push in emerging markets contrasts with restructuring in Europe, where it faces declining beer consumption

Sula Vineyards sees limited impact only on premium range, lauds trade pact

While detailed provisions of the agreement are awaited, the initially released agreement indicates that import tariffs will be reduced to 75% from current 150% across all EU spirits, wines categories

If you are generally healthy, your body does not need a reset as the liver works best with time and consistency, meaning fewer repeated stresses and enough recovery time to heal and function properly

JM Financial estimates revenue growth of the industry at about 6.2 per cent year-on-year (y-o-y) in the quarter, a sharp decline from the strong momentum seen over the past year

An optimal state policy must go beyond a revenue-hungry, punitive regulatory regime

In a note starting coverage on USL with a 'Buy' rating & target of ₹1,650, Nomura said the sector is seeing a paradigm change as consumers move away from 'drinking more' to 'drinking better'.

UP, Haryana emerge as new frontiers of growth

A Harvard-led study shows even one episode of binge drinking can injure the small intestine, weaken the gut barrier and trigger immune responses that allow toxins to leak into the bloodstream

A large Indian study finds no safe level of alcohol for mouth cancer risk, especially when combined with smokeless tobacco, with locally brewed drinks posing the highest danger

Gujarat has eased liquor rules in GIFT City by removing temporary permits for visitors and allowing licensed hotels and restaurants to serve across premises, while prohibition stays statewide