India's favourable demographics, rising disposable income, increasing urbanisation and growing preference for premium experiences present a compelling opportunity for the industry, says Radico Khaitan
Liquor stocks: Karnataka Chief Minister Siddaramaiah today announced a shift to a global taxation standard and the complete deregulation of alcohol pricing.
The Chandigarh HC stayed an injunction order against Radico Khaitan in the 'Kashmyr' trademark dispute filed by Piccadilly, allowing the company to continue business operations till the next hearing
The liquor maker's gross margin improved 258 bps on Q-o-Q basis due to the ongoing premiumisation trend, and a stable raw material and packaging material scenario
Sales in the premium segment, which includes Magic Moments vodka and Jaisalmer gin, rose nearly 22% to 2.8 million cases in the July to September period
The change in duty structure and new tax policy of FY23 is expected to bring a much awaited relief for alcohol beverage industry. However, analysts believe barley price rise to act as a spoilsport.
According to the Union Home Ministry notification, the liquor shops will be allowed to open in all the three zones and will not be allowed in containment zones across the country.
