The Karnataka government has implemented an Alcohol-in-Beverage (AIB)-based excise duty structure in the state and revised the rates of liquor. In a press note issued on Sunday, the State Excise Department said the new taxation structure, which has been done for the first time in India in line with the 2026-27 Budget announcement of Chief Minister Siddaramaiah, was aimed at rationalising liquor pricing, making alcoholic beverages available at cheaper rates for consumers in Karnataka and aligning prices with neighbouring states, including Tamil Nadu, Andhra Pradesh, Telangana, Maharashtra and Kerala. "For the first time in India, the AIB-based excise duty structure has been implemented in Karnataka from May 11, 2026. It is globally recognised as the gold standard for alcohol taxation," the department said. Under the new policy, the government-administered price fixation has been completely deregulated, it said, and added that product placement within slabs has been left to the ...
Diageo India reports resilient quarterly growth led by premium portfolio despite adverse impact from Maharashtra liquor policy changes
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 .
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
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