Page 4 - Alcohol

Tried LSD as teenager but won't recommend it, Bill Gates in Source Code

Microsoft billionaire, Bill Gates opens up about his childhood and teenage time in his upcoming memoir, Source Code, which will be his first series of autobiographical books

United Spirits Q3 results: Net profit increases 36% to Rs 473 crore

Prestige & Above segment accounted for 89.2% of net sales during the quarter, up 1.0 ppts over the prior year. Prestige & above segment net sales increased 16.1% in Q3 FY25

Heineken's United Breweries decides to resume beer supply to Telangana

This is an interim decision taken weeks after halting the supply over pricing and non-payment of dues by the Telangana govt

Why the government must differentiate between liquor and milder forms

India needs to follow EU on Alcobev taxation to meet WHO target of reducing alcohol consumption

$466 mn debt: Telangana's liquor crisis is no happy hour for global brands

Global giants like Diageo, Pernod Ricard, and Carlsberg have suspended supplies to Telangana, which owes $466 million in unpaid dues

Alcohol stocks drop after US Surgeon General urges cancer warning on labels

US Surgeon General Vivek Murthy said in an advisory that the consumption of alcoholic drinks increases the risk of developing breast, colon, liver and other cancers

New Year sees a 'spirited' start as liquor sales surge in several states

New Year's Eve in Kerala saw liquor sales worth Rs 108 crore, while alcohol worth Rs 97.42 crore was sold on Christmas Eve. Noida, Greater Noida records Rs 14 crore liquor sales

US Surgeon General calls for cancer warnings for alcoholic drinks

It is responsible for 100,000 US cancer cases and 20,000 cancer deaths each year, more than the 13,500 alcohol-associated traffic crash deaths

Policy change, seasonal uptick to drive gains for United Spirits stock

The higher revenue is on account of changed policy in Andhra Pradesh, new launches and a higher share of the premium segment in the product mix

Diljit Dosanjh served legal notice for 'pro-alcohol' songs in Ludhiana show

Singer-actor Diljit Dosanjh performed his final concert as part of the Dil-Luminati tour in Ludhiana on December 31

Surat-Bangkok flight: Rs 1.8 lakh liquor consumed by 175 flyers in 4 hours

Air India's first direct flight from Surat to Bangkok gains attention for alleged consumption of 15 litres of alcohol

Pernod Ricard denies breaching Indian law, internal probe claims violation

PRI lobbied New Delhi officials in favour of a 2021 law that allowed private retailers to run liquor shops

AAP more interested in liquor sales than heath of Delhi citizens: Mandaviya

Union Minister Mansukh Mandaviya on Monday slammed the AAP dispensation for not implementing the Ayushman Bharat health insurance scheme and said it is more interested in liquor sales than the health of Delhi's citizens. The Delhi assembly polls are slated for early next year. The minister's remarks also assume significance as they come a week after the Delhi High Court sought the AAP government's stand on a plea by Delhi's BJP MPs seeking implementation of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). Addressing a press conference here, Mandaviya said it was unfortunate that states like Delhi and West Bengal are not implementing the scheme even after repeated requests by Prime Minister Narendra Modi and letters from the Centre. "There could be political differences but public welfare works must be prioritised in India's federal democratic set up for the welfare of all," he said. "The government of India has written to the Delhi government urging it to implement

Sazerac Company targets India's whisky market to uncork bourbon growth

Identifying India as a key priority market, Diego Bianchi, general manager, emerging markets and barrel select at Sazerac Company

Laos govt vows justice in alcohol poisoning case that killed 6 tourists

The Laotian government on Saturday officially acknowledged the mass poisoning that has killed at least six tourists, promising it would bring perpetrators to justice. Two Australian teenagers and a British woman died from suspected methanol poisoning after drinking tainted alcohol in Laos. An American man and two Danes also died, though their exact causes of death have not been released. A New Zealander also has been sickened. In a short statement released to the media, the Lao government said it was profoundly saddened over the loss of lives of foreign tourists in the town Vang Vieng and offered its condolences to the families of the victims. The Government of the Lao PDR has been conducting investigations to find causes of the incident and to bring the perpetrators to justice in accordance with the law, it said. Laos is a one-party communist state with no organised opposition and the government keeps a tight lid on information. In this case, officials have released almost no ...

Pernod Ricard becomes largest spirit maker with Rs 26,773 cr FY24 revenue

Pernod Ricard has become the largest Indian spirit maker in India in terms of revenue, with a consolidated sales revenue of Rs 26,773.22 crore in FY24, pushing its rival Diagio-owned United Spirits to the second spot, according to a regulatory filing. United Spirits Ltd (USL) reported Rs 26,018 crore in revenue from operations for the fiscal ended on March 31, 2024, as per the regulatory filings on stock exchanges. Pernod Ricard India Pvt Ltd (PRI) has reported an overall 6.9 per cent increase in its revenue from operations for FY24, and its profit rose 20.9 per cent to Rs 1,620.58 crore, according to the Registrar of Companies data accessed by business intelligence platform Tofler. The total income of PRI surged 7.09 per cent to Rs 26,936.51 crore for the financial year ended March 2024. USL reported a total income of Rs 26,243 crore for FY24. Pernod Ricard India, which owns popular brands like Absolute, Chivas Regal, and Glenlivet, is a fully-owned subsidiary of Pernod Ricard So

Apex court upholds states' right to regulate taxes on industrial alcohol

The verdict is likely to impact entities involved in the industrial alcohol sector, who will now have to anticipate future regulatory changes

SC curtails Centre's authority on industrial alcohol; overturns 1990 ruling

Chief Justice DY Chandrachud, writing for himself and seven other judges, declared that the central government does not possess regulatory authority over industrial alcohol

Counting the cost of Bihar's liquor prohibition on state's revenue, others

The alcohol ban in the state, in force for nine years now, has not impacted education spending much, but literacy outcomes leave a lot to be desired

Indian alcoholic beverages to see up to 10% revenue growth in FY25: ICRA

Alcoholic beverages (alcobev) companies in India are expected to report a revenue growth of 8 to 10 per cent in this financial year supported by a revival in consumption of spirits, according to a report by rating agency ICRA. The growth in the topline will also be helped by the premiumisation trend, it added. Moreover, "revenue increase in FY2025 will additionally be supported by the price hikes granted by a few state governments in the current fiscal," it said. However, operating profit margin (OPM) is expected to remain stable at 12-13 per cent in FY2025 due to decline in packaging material cost, despite increase in grain prices in H1 FY2025. "During Q1 FY2025, the spirits industry reported a 9 per cent year-on-year increase in revenues, supported by 5-7 per cent improvement in realisations, while volumes grew by 2-4 per cent," it said. Even the beer industry witnessed a higher revenue growth of 12 per cent in Q1 FY2025 owing to 3-5 per cent increase in volumes and 7-9 per cent