Page 10 - Alcohol

Kerala sees 5% rise in alcohol sales during Christmas, says BevCo

Kerala saw an overall five per cent increase over last year's sales of alcohol during the Christmas season this year, according to a source in Kerala State Beverages Corporation Ltd (BEVCO). The source said sales between December 22 and December 25 generated around Rs 250 crore. This number could further go up by December 31, the source said. On Christmas eve, there were sales for around Rs 90 crore from BEVCO outlets. This was slightly less than last year, but the sale receipts from the outlets were not yet in, said the source. Therefore, the figure could go up, according to the source. The State government slashed sales tax on wine from 112 per cent to 86 per cent, the source added.

NeuWorld Spirits aims Rs 100 cr turnover by FY24; to expand its portfolio

NeuWorld Spirits, an alcoholic beverage startup backed by TRDP group, aims to scale its turnover to around Rs 100 crore in FY24 and have its presence in major markets of the country. The company, which commenced its operations in January this year, has launched two whiskies - Downing Street and Royal Tribe, catering to the premium and semi-premium segments, respectively. Besides, NeuWorld Spirits also has plans to introduce a couple of more brands in the whisky segment and to enter into the premium vodka, craft gin, rum and premium brandy, towards having a complete portfolio of alco-bev (alcoholic beverage) products, said its Managing Director Poonam Chandel. Downing Street and Royal Tribe would cover the entire north India by March 2023, she added. "By April we would launch premium vodka and another whisky (which will be between mass and semi premium). We have already started working on packaging, communications and sourcing. By end of 2023 we would have a robust portfolio," Chand

What does economic research tell us about festival gifting and alcohol?

The Chinese managed to wrest a large part of the $200 bn Christmas gift market but failed to make a dent in the biggest gift segment, alcohol

Sale of beer with alcohol to be banned at Qatar World Cup stadiums

The sale of all beer with alcohol at the eight World Cup stadiums was banned Friday, only two days before the soccer tournament is set to start. Non-alcoholic beer will still be sold at the 64 matches in the country. Following discussions between host country authorities and FIFA, a decision has been made to focus the sale of alcoholic beverages on the FIFA Fan Festival, other fan destinations and licensed venues, removing sales points of beer from ... stadium perimeters, FIFA said in a statement. Champagne, wine, whiskey and other alcohol is still expected to be served in the luxury hospitality areas of the stadiums. Outside of those places, beer is normally the only alcohol sold to regular ticket holders. Ab InBev, the parent company of World Cup beer sponsor Budweiser, did not immediately respond to a request for comment. AB InBev pays tens of millions of dollars at each World Cup for exclusive rights to sell beer and has already shipped the majority of its stock from Britain t

World's largest beer maker adds Budweiser Magnum whiskey to its India menu

India's love for darker spirits makes the world's largest beer maker enter the whiskey segment in the country

Sobering reality: Three liquor firms served notices for surrogate ads

In its warning, the MCA had said that "during recent sports events that were televised globally", many instances of surrogate advertising had been noticed

37% Delhi women drinking more alcohol since Covid pandemic, shows survey

Over 37 per cent of women in Delhi believe that their alcohol consumption has increased in the last three years, indicating the impact of the pandemic on alcohol habits, a survey has claimed. Over 45 per cent women said that the reason for their increased drinking frequency was stress, the survey said. The survey conducted by the Community against Drunken Driving (CADD), an NGO, cited the pandemic, the ensuing lockdown, increased availability of alcohol, and changed expenditure pattern, as factors that contributed to the increased drinking among women. Out of the 5,000 women surveyed, 37.6 per cent of women agreed that their alcohol consumption has increased, the CADD said in a statement. "42.3 per cent women considered their increase more sporadic and occasion-based. Respondents also agreed that many were also trying to make up for lost time, since early 2022 when things started opening up and thus alcohol was being had on more occasions and in more quantities," the statement ...

172 workers at 56 airports found drunk on duty between Jan-July: DGCA

However, Bengaluru airport's operator BIAL gave a different set of data to Business Standard

Analysts remain bearish on liquor companies despite Q1 volume gains

Raw material pressures and lack of pricing power key reasons for this view

Hit on revenues from alcohol to dent Delhi govt's revenue balance

The projected revenue from alcohol estimated at the time of presenting the Budget constituted around 20 per cent of the state's expected own tax revenue and 15 per cent of its total receipts.

What went wrong with Delhi's new excise policy?

In Delhi, people are finding it hard to fetch their favourite liquor brand, due to sparse vends. A slugfest is going on the Delhi government's liquor policy. Let's find out why

TMS Ep233: Akasa Air strategy, Delhi's excise policy, markets, belated ITR

Will Akasa's launch help bring down airfares? What went wrong with Delhi's new excise policy? Is it time to add Paytm, Nykaa, Zomato to your portfolio? What is belated ITR filing? All answers here

Tipplers left high and dry as bars, hotels in Delhi refuse alcohol

Earlier in the day, the representatives of the National Restaurant Association of India (NRAI) met Excise department officials to urge them to renew the existing licenses

United Breweries' Q1 net profit rises to Rs 162.5 cr on volume growth

Beer maker United Breweries Ltd on Wednesday reported a five-fold jump in its consolidated net profit to Rs 162.50 crore in the June quarter, mainly on the back of volume growth. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 30.94 crore in the year-ago period, according to a regulatory filing. United Breweries Ltd's (UBL) revenue from operations climbed 95.88 per cent to Rs 5,196.08 crore during the quarter under review. It stood at Rs 2,652.63 crore in the corresponding period of the previous fiscal. The company's volumes in the first quarter of the current fiscal were more than double compared to the Covid-impacted quarter on an annual basis. "The quarter witnessed a more than doubling of volumes, in addition to a sequential growth of 42 per cent resulting in an 8 per cent growth over corresponding pre-Covid quarter 2019. "The premium segment recorded growth ahead of the total portfolio," UBL said. However, its gross

Regulatory overhangs to pose challenge for alcobev industry: United Spirits

Regulatory overhangs will pose challenges for the alcoholic industry though it holds potential for spirit companies in the country, United Spirits Ltd (USL) said in its latest annual report.

India exported alcoholic products worth $322.12 mn during 2020-21

India has exported 2.47 lakh metric tonnes of alcoholic products, worth $322.12 million (approximately Rs 2,507 crore), during 2020-21, the commerce ministry said on Friday.

No pilot tests positive for drugs, cabin crew alcohol shows revival in 2022

In just the first four months of this year, 41 pilots and cabin crew showed traces of alcohol, of which nine were pilots. In all of 2021, some 59 tested positive, 19 wer pilots

Indian trade pacts must lower tariff on alcoholic drinks: Think tank

Such beverages will be 'key issue' in discussions as country seeks access to large markets, says ICRIER report.

Story in Numbers: Sobering facts about alcohol use and abuse in India

About 5.2 per cent of the population aged 10-75 years (about 57 million individuals) need help for alcohol abuse

Delhiites may soon have home delivery of liquor, say officials

Home delivery of liquor in the national capital is likely to see the light of the day soon, as a group of ministers (GoM) of the Delhi government has given a go ahead to it, officials said on Tuesday. The GoM has also viewed that there should not be any restriction on the rate of discounting by the retail liquor vends as long as the market operates in a healthy manner. Delhi government in view of crowds outside retail vends and some reported malpractices, recently capped the discount on liquor to 25 per cent. The proposals of home delivery and other recommendations of the GoM, regarding the Excise Police 2022-23 being framed, will be put before the Delhi Cabinet for its approval, the officials said. "....The group of ministers recommended that home delivery of liquor sourced from retail liquor vends in Delhi may be allowed," said an official document citing meeting of the GoM last month. The GoM considered that home delivery could be an appropriate alternative to ensure liquor sup