Alcohol

Piccadily Agro Q4FY26 results: Net profit rises 13.6% to ₹45.2 crore

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

Packaging costs to dent alcobev margins by up to 200 bps, says Crisil

Alcobev firms may see margins shrink 150-200 bps and growth slow as glass bottle shortages and rising packaging costs, driven by LNG disruptions, weigh on operations

Allied Blenders & Distillers appoints Amar Sinha as MD-designate

ABD appoints Amar Sinha as managing director as Alok Gupta's tenure nears end, aiming to drive growth and transformation in India's premiumising spirits market

GenZ raises the bar as value replaces volume in India's alcobev shift

Gen Z is driving a shift from volume to value in India's alcobev market, favouring premium, experience-led consumption, low-ABV formats, and authenticity over brand loyalty

RCB deal and growth outlook are positive triggers for United Spirits

Sale of RCB stake to boost cash flows and support deleveraging, while premiumisation and policy shifts underpin steady growth outlook for United Spirits

Excise policy changes across states positive for listed liquor majors

Instead of steep hikes, states are relying on licence fee increases, reserve price revisions, and recalibration of tax

Karnataka scraps liquor price control structure, adopts alcohol-based tax

Karnataka will end liquor price control and adopt an alcohol-in-beverage-based tax from April 2026, with reforms aimed at transparency, compliance ease and boosting excise revenue

India's Karnataka state to end alcohol price controls from April 2026

India is the world's eighth-largest alcohol market with annual revenues of $45 billion, each state has its own regulations and pricing

Hepatitis myths busted: Alcohol, transmission & liver health explained

Is hepatitis always caused by alcohol? Does it spread through touch or food? Can herbal remedies cure it? In this episode of our fact-check series, a liver specialist debunks common hepatitis myths

Soufflet Malt to invest $118 mn in new India facility amid high beer demand

Soufflet Malt's push in emerging markets contrasts with restructuring in Europe, where it faces declining beer consumption

India-EU trade pact: India offers 30% duty reduction on imported wine

Sula Vineyards sees limited impact only on premium range, lauds trade pact

India-EU free trade agreement to improve access to premium alcobev brands

While detailed provisions of the agreement are awaited, the initially released agreement indicates that import tariffs will be reduced to 75% from current 150% across all EU spirits, wines categories

Truth about detoxes and why the liver does not need a reset by a specialist

If you are generally healthy, your body does not need a reset as the liver works best with time and consistency, meaning fewer repeated stresses and enough recovery time to heal and function properly

Results preview: Alcobev industry growth may have cooled in Q3FY26

JM Financial estimates revenue growth of the industry at about 6.2 per cent year-on-year (y-o-y) in the quarter, a sharp decline from the strong momentum seen over the past year

States' excise policy must optimise revenue, adopt clearer regulation

An optimal state policy must go beyond a revenue-hungry, punitive regulatory regime

Nomura bets on United Spirits as India's alcohol industry turns premium

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'.

Alcobev players identify new mkts amid trouble in Maharashtra, Telangana

UP, Haryana emerge as new frontiers of growth

Just one night of binge drinking can damage your gut lining, study finds

A Harvard-led study shows even one episode of binge drinking can injure the small intestine, weaken the gut barrier and trigger immune responses that allow toxins to leak into the bloodstream

Alcohol use behind six in ten mouth cancer cases in India, study finds

A large Indian study finds no safe level of alcohol for mouth cancer risk, especially when combined with smokeless tobacco, with locally brewed drinks posing the highest danger

Easing of liquor policy for GIFT City to boost hospitality, investments

Gujarat has eased liquor rules in GIFT City by removing temporary permits for visitors and allowing licensed hotels and restaurants to serve across premises, while prohibition stays statewide