Explore Business Standard
Wine In India
The wine industry expects a normalised domestic macro environment to come as a boost in the current fiscal after suffering setbacks in 2024-25, which saw urban consumption slowdown and growth taking a "temporary pause", according to the annual report of Sula Vineyards Ltd. The impact of urban consumption slowdown was more 'stark' on the wine segment versus other AlcoBev categories, as it is a predominantly urban drink, according to the report. The wine demand was also impacted by multiple temporary regulatory and other market disruptions, including general elections and state elections in key markets such as Maharashtra, Sula Vineyards Founder and CEO Rajeev Samant said in the report. "After 3 years of strong growth, FY25 was more a year of demand reset for the Indian wine industry," he said, adding, "But the good news is that these setbacks are now behind us as we look forward to a more normalised domestic macro environment going into FY26." However, despite challenging market ..
Premium spirits and wine importers' body ISWAI has urged state governments to implement an inflation-based pricing model, highlighting that industry margins have shrunk due to a rise in raw material costs. As the cost of raw materials used to produce alcohol has gone up substantially and theP of liquor has not been revised in recent years, very little is left for the trade and manufacturers while state governments are taking away as high as 60-80 per cent of the share, according to International Spirits & Wines Association of India (ISWAI) CEO Nita Kapoor. ISWAI is also pressing for rationalisation of excise duty imposed by some state governments, as they try to maximise the revenue collections, and said it will not help in growing volumes. "The industry and manufacturers are now facing a lot of pressure. It's like their back against the wall because if in theP, states share is roughly about 60 to 80 per cent, then what is being left on the trail and the sub-manufacturer is to ...
Shiv Sena leader Sanjay Raut on Friday stated that the Maharashtra government's decision to allow the sale of wine in supermarkets and walk-in stores would boost farmers' income."Wine is not liquor. If wine sale increases, farmers will benefit from it. We've done this to double farmers' income," said Raut.Hiiting out at BJP for criticizing the state government's decision, Raut said, "BJP only opposes but does nothing for farmers. Mallikarjun Kharge has said it right. BJP has sold the public sector."Earlier, former Maharashtra chief minister Devendra Fadnavis had said that the Shiv Sena-led coalition government wants to turn Maharashtra into "Madya-rashtra (liquor state)."Maharashtra on Thursday cleared a proposal to sell wine in supermarkets and walk-in stores across the state at a flat annual licensing fee of Rs 5,000. According to the state cabinet, the decision is aimed to ensure a more accessible marketing channel for Indian wineries.