Page 2 - Liquor Firms

GM Breweries, Sula zoom upto 19% despite excise duty hike on liquor in Maha

GM Breweries, Sula Vineyards share prices rallied today after the Maharashtra government announced a sharp hike in state excise duties on liquor, exempting wine and beer from the duty hike

UBL to Radico Khaitan: Alcohol stocks decline after excise duty hike report

United Spirits and Allied Blenders led a selloff in alcohol beverage makers on reports that the Maharashtra government approved a hike in excise duty

Liquor market: Microbreweries get a fresh fund pour to scale up biz

A microbrewery is a small-scale brewery that produces limited quantities of beer, typically upto 10 hecta litres per batch

Piccadily Agro targets 1 mn cases of Whistler whisky in next three years

With its elevated blend and bold new identity, Whistler is poised to disrupt the mid-premium segment: Praveen Malviya, CEO - IMFL, Piccadily Agro Industries Limited

MOFSL projects 22% upside for this liquor stock; up 2% in weak market today

The uptick in Radico Khaitan shares came after domestic brokerage Motilal Oswal Financial Services Limited (MOFSL) initiated coverage on the stock with a 'Buy' rating.

Allied Blenders posts Q4 net profit at Rs 78.62 crore on premium push

Allied Blenders and Distillers has reported a consolidated net profit of Rs 78.62 crore during the March quarter, led by premiumisation of the portfolio. The company had posted a loss of Rs 240.62 crore in the January-March period a year ago, according to a late night regulatory filing from Allied Blenders and Distillers (ABD) on Thursday. Its revenue from operations was up 10 per cent to Rs 1,934.72 crore in the quarter. It was at Rs 1,757.42 crore in the corresponding quarter of the previous fiscal year. ABD's total expenses were at Rs 1,798.80 crore, up 6 per cent in the March quarter. The total income of ABD, which includes other income, was at Rs 1,948.99 crore, up 10.7 per cent. For the financial year ended March 31, 2025, Allied Blenders and Distillers' profit increased multifold to Rs 194.84 crore, from Rs 1.82 crore a year ago. The company said this was its highest-ever profit. In FY25, ABD's total consolidated income rose 5.46 per cent to Rs 8,094.02 crore. ABD Managin

Import duty cuts on wine in FTAs could hurt domestic makers: CIABC

Alcoholic beverage maker's body CIABC on Friday said any import duty cuts in future trade deals on wine could hurt the domestic makers, as concessional tariffs on imported spirit from the EU, US, Australia and New Zealand may flood the Indian market. The Confederation of Indian Alcoholic Beverage Companies (CIABC) also suggested the government to impose a minimum import price clause to prevent inbound shipments of low-cost and low-quality bottled spirits, bulk and bottled wines. It added that the duty reduction agreed by India on Scotch whisky under the free trade agreement with the UK may impact the domestic premium category whisky brands due to the likely influx of lower-priced Scotch whiskies. As per the agreement, India will reduce duty on UK whisky and gin from 150 per cent to 75 per cent and further to 40 per cent in the tenth year of the deal. "If similar duty concessions are granted on other spirits, including wines under future FTAs with wine-producing countries such as th

Delayed dues, supply disruptions in Telangana dent liquor giants' sales

Pernod Ricard and Heineken report slow Q3 growth as payment delays and regulatory issues in Telangana disrupt operations in one of India's top liquor markets

Frequent increases in taxes in K'taka affected beer industry's growth: BAI

The beer industry has urged the Karnataka government not to go for any further tax increase as it may lead to reduced sales volumes in the state and put investment of over Rs 5,000 crore in breweries at risk. Frequent increases in taxes in Karnataka in recent times have affected growth from the beer industry and have also brought down tax revenues, the Brewers' Association of India (BAI) said in a letter to the state government. Taxes on beer have been increased three times in the last 18 months -- in July 2023, February 2024, and January 2025, and as a result, the growth in sales of beer in the state, which has always been healthy, has "slumped to stagnation", it said. "After the third tax increase in January 2025, beer sales have actually started contracting for the first time," said a letter by BAI Director-General Vinod Giri. BAI is the apex body of the beer industry representing India's largest beer makers such as United Breweries (owned by Heineken, AB InBev, and Carlsberg, .

In 'dry' Gujarat, govt collects ₹34 cr in tax in two years on liquor sales

The Gujarat government has collected Rs 33.98 crore in taxes in two years from sale of liquor through 28 hotels in Ahmedabad and Gandhinagar districts, the state assembly was informed on Monday. During Question Hour in the ongoing Budget Session, Congress MLA Imran Khedawala raised the query related to number of hotels having permits to sell liquor in these two districts and the tax collected by the government during the last two years. In his written response, Gujarat Chief Minister Bhupendra Patel, who handles Prohibition and Excise department, said 22 hotels in Ahmedabad and six hotels in Gandhinagar district have been given permits to sell liquor. The state government earned Rs 14.45 crore in 2023 and Rs 19.53 crore in 2024 as tax on the sale of liquor at these hotels, Patel said. Patel added that no permit has been cancelled during the last two years. Notably, Gujarat has been a 'dry' state since its inception and sale of liquor is regulated by the government.

ED says it found unaccounted-for cash deals worth ₹1,000 cr in TASMAC ops

The Enforcement Directorate Thursday said it has found "multiple irregularities" in the operations of TASMAC that has monopoly over liquor trade in Tamil Nadu, including "manipulation" in the tender processes and "unaccounted" cash transactions worth Rs 1,000 crore through distillery companies. The federal agency claimed in a statement that it got "evidence" suggesting these corrupt practices after it raided the employees, corporate offices of distilleries and plants of the Tamil Nadu State Marketing Corporation Limited (TASMAC) on March 6. ED sources, on the day of the raids, had said the searches were also conducted against "key associates" linked to prohibition and excise department minister Senthil Balaji. The ED said it found "incriminating" data related to transfer postings, transport and bar licence tenders, indent orders "favouring" few distillery companies, excess charge of Rs 10-30 per bottle by TASMAC outlets, with the "involvement" of TASMAC officials, during the ...

Loca Loka plans to enter India by October, targets 1 mn bottles in 3 years

The company is set to launch Añejo tequila in Miami and Las Vegas this May. India will get all three variants

Premiumisation in Indian spirits accelerating with income growth: Pernod

The premiumisation of the liquor industry is happening very fast, helped by trends such as growth in disposable income and young generation's aspirations to have a more elevated experience, French spirit maker Pernod Ricard India MD Jean Touboul said on Friday. The mass spirits market will continue to be there, however, it is also premiumising as people now aspire for better products as they prefer "to drink less probably but drink better stuff", Touboul said while speaking at a session during India Today Conclave here "This trend is growing in the younger generation, which means when they grow older when their disposable income grows with life, we should see this trend continuing, if not accelerating," he said. Touboul also mentioned the role of innovation and said it is very important and key for Pernod Ricard's business because if you want to interact with the consumer to evolve them, then products delivering higher value are needed. Pernod Ricard, which has launched its first .

Radico Khaitan expects Rs 500 cr sales from luxury brands in FY26: MD

Encouraged by the ongoing premiumisation in the alcoholic beverage (alcobev) segment, Radico Khaitan expects sales of Rs 500 crore from its luxury brands, including single malt 'Rampur' and Jaisalmer Indian Craft Gin, in the next fiscal, its Managing Director Abhishek Khaitan said. The company expects an 8-9 per cent volume growth, and value growth of around "12-15 per cent", Khaitan told PTI, adding "this year has been a good year for us, and hopefully next year should be much better." For the next fiscal, he said, "We expect the same thing, our premium PNA category (Prestige & above) should grow more than 15 per cent and we should be close to overall double-digit growth." Radico Khaitan's luxury portfolio consists of Rampur Indian Single Malt, Jaisalmer Indian Craft Gin, Sangam World Malt and Spirit of Victory 1999 Pure Malt. "For the first time in Q3 (December quarter) we achieved a turnover of Rs 100 crore (from premium) and for the nine months of FY'24, we have achieved Rs ..

Trump's tariff threats against Mexico are wreaking havoc on tequila makers

Many buyers rushed their orders after Trump first postponed the measures by a month so they could get merchandise across the border before the levies came into force

Cong asks for Delhi liquor scam probe to include BJP leaders' involvement

The Delhi unit of Congress on Wednesday called for the formation of the Public Accounts Committee soon so that the CAG report on the previous AAP government's excise policy can be investigated, and demanded that the scope of the probe be widened to include the alleged involvement of BJP leaders in the matter. The opposition party also demanded that the remaining 13 Comptroller and Auditor General (CAG) reports on the AAP government's performance be tabled as well and discussed in the public domain. The CAG report on the 2021-22 liquor policy was tabled by the new Chief Minister Rekha Gupta of the BJP on the very second day of the first session of the newly elected Delhi Assembly on Tuesday. Addressing a press conference at the Congress' 24, Akbar Road headquarters, Delhi Congress chief Devender Yadav said the party had given a written complaint to investigating agencies on the liquor policy and had included "evidence" of BJP's "involvement" in the matter. He also asked why all 14 C

Alcohol body seeks import duty cut in phased manner under India-UK FTA

Alcoholic beverage industry body CIABC on Tuesday urged the government to consider reducing the import duty in a phased manner under the proposed free trade agreement between India and the UK. The Confederation of Indian Alcoholic Beverage Companies (CIABC) said that the government should ensure better market access for Indian products in the UK. On February 24, Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Jonathan Reynolds announced resumption of negotiations for the proposed agreement. "The government needs to safeguard the interests of Indian liquor manufacturers while deciding on issues related to customs duty cuts and other concessions under FTAs. "Though we have already recommended to the government to cut cuts basic customs duty on spirits over a period of 10 years, we also want the government to ensure better international market access and safeguard interests of Indian companies against any dumping of products through transfe

Liquor firms' body urges govt to curb dumping, grow global market

Alcoholic beverages makers' body CIABC on Saturday urged the government to impose stringent measures to curb dumping of imported spirits and ensure greater market access for domestic products. The Confederation of Indian Alcoholic Beverage Companies (CIABC) said the Indian liquor manufacturers are not against reduction in import duty, though they have sought the import duty cuts in a phased manner. India on February 13 slashed import duty on bourbon whiskey to 100 per cent. It is mainly imported from the US. The confederation "has urged the government to address the concerns of the Indian companies and ensure a level-playing field in FTA (free trade agreement) negotiations and set in stringent effective measures to check and curb dumping of imported spirits and seeking better international access for Indian alcoholic products which face several non-tariff restrictions at present," it said in a statement. It has also requested the states to withdraw excise duty concessions given to

United Breweries Q3 results: Profit falls to Rs 86.73 cr, revenue up 7%

The Kingfisher beer-maker's standalone profit before exceptional items and tax fell to Rs 86.73 crore ($9.99 million) in the quarter ended December, compared to Rs 116 crore a year ago

Global tariff threats could deal $207 million blow to Pernod Ricard

China has already imposed temporary tariffs on European brandy imports, hurting Pernod's sales of its Martell cognac brand