Liquor Firms

JM Financial has maintained a 'Buy' rating on Radico Khaitan shares and revised the target price to ₹3,945 (55x March'28E) versus ₹3,470.

United Breweries Ltd on Monday announced the closure of its brewery unit in Ludhiana, Punjab from June 30 in the wake of a long-term capacity lease agreement with a contract brewing unit. The company has decided to close its brewery unit situated at C/60, Focal Point, Ludhiana, 141010, Punjab effective June 30, United Breweries Ltd (UBL) said in a regulatory filing. "We have entered into a long-term capacity lease agreement with a contract brewing unit, thereby securing the supplies of the company's beer in Punjab and neighbouring states, including Delhi," it said. UBL further said this long-term lease will play a pivotal role in meeting the future demand efficiently and sustainably through enhanced operations within the Punjab. "The closure of the Ludhiana brewery will not impact our business performance in the state," it said, adding that the company is "also committed to taking all necessary and responsible steps to support our employees and workmen through this transition". T

Alcoholic beverage makers have sought a reasonable price hike from state governments to deal with pressures arising out of rising can and bottle costs due to supply chain disruptions triggered by the West Asia crisis. Confederation of Indian Alcoholic Beverage Companies (CIABC) and the Brewers Association of India (BAI) have urged states to allow revisions of IMFL (Indian Made Foreign Liquor), wine and beer products and provide interim relief measures to help manufacturers cope with rising production costs. BAI has asked state governments to allow suppliers a price increase of 15-20 per cent to partially offset the impact of rising input costs. In letters sent to state governments, BAI Director General Vinod Giri said the conflict has triggered a sharp increase in input costs across categories. "Glass bottle prices have risen by around 20 per cent, paper cartons have increased by almost 100 per cent, and materials such as LDPE, BOPP and adhesives have become costlier by 20-25 per .

The maker of Rampur whisky and Jaisalmer gin derives 5 per cent to 6 per cent of sales volumes and 9 per cent to 10 per cent of revenue from exports, of which it does not provide a regional split

Among them, spirits firms seen reporting steady performance

Pernod Ricard reported strong growth in India mainly driven by premiumisation thus giving a positive outlook for other liquor companies operating in the country.

Liquor stocks: Karnataka Chief Minister Siddaramaiah today announced a shift to a global taxation standard and the complete deregulation of alcohol pricing.

India's affluent buyers splurge on everything from jewellery to pricey liquor, making the country a focus for global brands

The brewing industry will invest around Rs 5,500 crore in Uttar Pradesh in the next three years on setting up of greenfield units and its ancilleries, industry body BAI said. The beer industry is "betting big" on Uttar Pradesh, said the Brewers' Association of India (BAI), while welcoming the new excise policy announced by the state government, termed it "progressive" and has a "well-balanced approach" for the growth of the industry. "The beer industry and its ancillary industries will be investing Rs 5,500 crore in the next three years," said BAI Director General Vinod Giri. Elaborating the projects, he said work on two greenfield breweries costing around Rs 1500 crore is already underway. "Similarly, two major aluminium can production plants, which entail investment of Rs 2,000 crore, are also in the pipeline, while a few glass production units worth Rs 2,000 crore will also come up soon," Giri told PTI. In addition, plans are underway for the malting unit and paper box makers,

French liquor major Pernod Ricard has ruled out an IPO of its India business as part of its deleveraging strategy, even as it reported a 4 per cent rise in net sales in the country. With growth accelerating to 8 per cent after excluding Imperial Blue, a brand that has now been disposed of and closed by the French Liquor major, it expects the momentum to continue in the second half of FY'26, its Chairman & Chief Executive Officer Alexandre Ricard said. The company, which follows a July-to-June fiscal year, has achieved this growth despite a challenging first quarter, which was "severely impacted" by a very strong tax increase in Maharashtra, said Ricard on the post-earnings call last week. "We expect to see this momentum continue over the second half (H2)," he said in his opening remarks. The Pernod Ricard CEO highlighted that its international spirits portfolio is witnessing a "strong double-digit growth in India, reflecting the ongoing premiumization of the market. India's growth

United Breweries secures trademark protection for its iconic 'Oo La La La Le O' Kingfisher jingle, reinforcing sound as a legally protected brand asset in India

Premium Scotch brand co-founded by Sanjay Dutt aims to sell 2.4 lakh cases by March 31 and expand its portfolio with five new variants

Margins were a key positive surprise, analysts said. Gross margin expanded sharply to 46.5 per cent, aided by stable ENA and grain prices and a richer product mix.

Managing Director Abhishek Khaitan said on Thursday he expects sales volume in the company's "prestige and above" business, which makes up roughly half of its total revenue, to climb over 15%

ICICI Securities on United Spirits: Despite volume pressure, USL reported steady revenue growth, aided by premiumisation.

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'.

The state excise department has busted a factory producing counterfeit Indian-made foreign liquor in Nagpur district, seizing alcohol stock and other materials valued at Rs 24.67 lakh, officials said. The excise personnel on Tuesday conducted a raid on a bungalow at Gondwana Pimpri in the Hingna area where the illegal unit was operating, an official said. They seized 1,090 litres of counterfeit liquor blend, 356 bottles of a liquor banned for sale in Maharashtra, and 90 bulk litres of another fake liquor. Equipment such as an electronic bottle sealing machine, fake labels, bottle caps, empty bottles, and a four-wheeler vehicle were also seized, the official said. A case has been registered against seven persons, he added.

India bars liquor movement across state borders without permits, forcing companies to set up production in each state despite water scarcity

Triveni Engineering shares gained after the company announced its entry into Delhi's IMFL market, expanding its presence in the fast-growing premium & super-premium whisky segment.

Antique believes Radico's flagship premium whisky brand After Dark is on track to clock 3.5 million cases in FY26, up sharply from 1.9 million cases in FY25.