Alcohol is bought by the state government and then supplied to shops in Telangana, where officials are rationing supplies to deter hoarding and tackle shortages
A day after the country's leading brewer United Breweries suspended supply to Telangana, beer industry body BAI on Thursday said the commercial viability of prices set by the state government has become far too stressed. The prices allowed to supplier companies are actually below the cost of goods supplied as these prices are based on the cost of production in 2018-19, said Brewers Association of India (BAI) DG Vinod Giri. On Wednesday, United Breweries Ltd (UBL), which operates with popular beer brands like Kingfisher, Kalyani Black, Heineken, and Amstel Bier, announced to suspend the supply of its beer to Telangana State Beverages Corporation with immediate effect. The decision has been taken due to the non-revision of the basic price of the company's beer from 2019-20 by Telangana State Beverages Corporation Ltd (TSBCL), resulting in huge losses in the state, said United Breweries Ltd (UBL), now controlled by Dutch multinational brewing company Heineken NV. Commenting on the ...
Maker of Kingfisher beer, United Breweries saw a 4% share drop following its suspension of beer supply to Telangana Beverages Corporation Limited
Craft beer brand Geist is targeting a same-store sales growth (SSSG) increase of 10-12 per cent
Jammu-based company DeVANS Modern Breweries also plans to enter the duty-free space with one-litre bottles of its Single Malt brand GianChand exclusively for travel retail
Next financial year, the company plans to launch two limited editions of Gianchand, its flagship Indian Single Malt
The beer highlights smoky, burnt notes, mirroring the fiery essence of roasted malts
The Beer Association of India (BAI) has urged the Karnataka government to withdraw draft notifications, which proposed a hike in duty through alcohol content-based classification in beer, saying that on average this move would lead to a price increase of 10-20 per cent in mainstream and premium segments. The draft notification proposes to double the excise duty on strong beer to Rs 20 per bulk litre, increase the minimum billing price for beer in the state to Rs 300 per case and Additional Excise Duty (AED) to 195 per cent of the billing price or Rs 130 per bulk litre whichever is higher. The industry body, in a letter to Chief Minister Siddaramaiah, has also asked to withdraw the proposal asking beer manufacturers to declare the sugar content in the beer on the bottle's label and capping the use of sugar to 25 per cent of the weight of malt of grain. BAI, which represents leading beer makers United Breweries, ABInBev and Carlsberg, said these draft notifications are not in the ...
Dutch beer maker Heineken NV witnessed a 4.5 per cent volume growth in its premium category led by flagship brand Heineken along with significant contributions from Kingfisher Ultra in India and Savanna in Southern Africa in the September quarter, company's Chairman and CEO Dolf van den Brink said on Wednesday. In India, organic beer volume grew by a mid-single-digit, the company said, adding that growth in India and Indonesia partially compensated for lower volume in Vietnam and Cambodia that led to beer volume organically declining by 1.2 per cent in the Asia Pacific region. "We delivered a solid quarter of balanced growth, organically growing beer volume 0.7 per cent and net revenue 3.3 per cent. Our business continues to deliver in line with our plan in aggregate, despite some markets navigating challenging consumer and industry trends," van den Brink said in a statement. He further said, "Our EverGreen strategy continues to shape our business. Premium volume grew 4.5 per cent,
The listed alcobev company eyes Rs 1600 crore sales in FY25
Six Fields Brute is the first strong lager variant in the iconic range, embodying a robust, full-bodied beer that promises a rare experience for bold consumers
B9 Beverages Ltd is building a new brewing facility in the north Indian state of Uttar Pradesh, which, once completed, will become India's biggest beer factory
UBL offers a range of premium brands, including Kingfisher's premium variants Ultra, and Ultra Max. Two years ago, the company introduced Heineken Silver, a premium lager variant
Recent data from the excise department reveals a staggering surge in beer sales across Bengaluru, with a whopping 61% of April 2023's total sales achieved within the first fortnight of this year
The companies ramp up production, diversify offerings on record summer sales forecast
Delhi police data indicated that by March of this year, 5,965 beer bottles were seized, up from the 2,117 bottles recovered last year
Cheaper raw material prices and growth in premium segment expected to help company
Epack Durable, which manufactures air conditioners for durable companies like Voltas, Haier etc., expects a growth rate of more than 15 per cent this year, if the heatwave persists beyond May
Proost attributes the growth in the beer market due to rising per capita beer consumption, increased disposable income, and reduced societal stigma around alcohol