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The alcoholic beverage industry is on a high, with nearly double-digit growth in festive season sales, and now expects an upswing of around 20 per cent in the October-December period, driven by the premium spirits category. The industry witnessed a spike in sales across categories, whether it's IMFL or Scotch in the whisky segment, or rum or white spirits such as vodka, white rum, gin and tequila in the almost one-and-a-half-month festive season, which is now in its conclusion. This festive season, the industry has witnessed higher growth in the premium category, as well as in smaller tier II & III markets, alongside the developed markets. We have witnessed a highly encouraging festive season, with strong uptake across our premium and luxury portfolio. The festive months continue to be a key consumption period in India, and this year's performance has reaffirmed the growing consumer preference for premium and thoughtfully crafted spirits, Radico Khaitan Chief Operating Officer ...
Leading brewer Carlsberg India has seen its profit jump 60.5 per cent to Rs 323.1 crore in FY'24, according to RoC filing by the company. The total income of Carlsberg India was up 15.2 per cent at Rs 8,044.9 crore for the financial year ended March 31, 2024, according to the financial data accessed through business intelligence platform Tofler. This is the highest revenue for Carlsberg in India, crossing the milestone of Rs 8,000 crore, reaching nearly USD one billion from sales. "During the financial year 2023-24, profit amounting to Rs 323 crore under the standalone financial statement has been carried forward to 'Reserve and Surplus' including other comprehensive income in the balance sheet," the company said. The company, while informing its state of affairs, said the beer industry continued to post healthy growth in volumes. "Cash and bank balances increased from Rs 9,304 million to Rs 11,165 million with strong business performance, better trade working capital and lower .