Page 2 - Liquor Firms

What's driving Allied Blenders, Globus Spirits stock today? Find out here

Allied Blenders has surged 87% from its 52-week low; while Global Spirits has rallied 37% so far in July.

India's top 18 states' revenues to grow 7-9% in FY26, says Crisil report

Crisil forecasts 7-9% revenue growth for India's top 18 states in FY26, driven by GST, liquor sales, and Centre support, with slower growth than the 10% decadal average

This spirit-maker stock is high on momentum; check name, strategy here

The share price of this alcoholic-beverage maker has rallied 21% in the last 9 trading sessions; technical chart suggests a potential upside of another 17% from here.

USL ends growth bender with a regulatory hangover, margin pressures loom

The buzz wears off in a sobering 2025-26 reset marked by excise shocks, soft volumes, and thinning margins

Delhi govt grosses Rs 2,662 cr from Q1FY26 liquor sales: Data

Delhi government corporations sold about 16.96 crore liquor bottles in the first quarter of 2025-26, grossing over Rs 2,662 crore, officials said on Saturday. The figure was over 1 crore more than the number of liquor bottles sold during the same period last fiscal, they said. Delhi State Industrial Infrastructure Development Corporation (DSIIDC) recorded the highest sale of 5.29 crore bottles of different kinds of liquor from April to June, 2025. This was followed by sale of 5 crore bottles by Delhi Tourism and Transport Development Corporation (DTTDC), 3.65 crore bottles by Delhi State Civil Supplies Corporation (DSCSC) and 2.91 crore bottles by Delhi Consumer's Cooperative Wholesale Store (DCCWS), showed official figures. In the current excise policy, retail liquor sale in Delhi is carried out solely by the government through its four agencies -- DSIIDC, DTTDC, DSCSC and DCCWS -- which operate over 700 vends. In the first quarter of the last fiscal, the four corporations recor

Chhattisgarh liquor 'scam': 22 excise officials suspended by Sai govt

The Chhattisgarh government on Thursday suspended 22 excise officials after they were named as accused in a chargesheet filed in the alleged liquor scam case. Speaking to PTI Videos, Chief Minister Vishnu Deo Sai said his government has a zero tolerance policy against corruption. "The truth about the scams that took place during the previous Congress government is being unearthed layer by layer. Strictest action will be taken against the culprits. No corrupt person will be spared," Sai asserted. These 22 officials comprise 12 assistant commissioners, five deputy commissioners, three district excise officers and two assistant district excise officials, a government official said. "Action was taken against them after they were named as accused in the chargesheet filed on July 7 by the state's Anti Corruption Bureau and Economic Offence Wing (ACB/EOW), he said. The EOW on July 7 filed its fourth supplementary chargesheet in the alleged liquor scam that took place during the previous

For Herman Jansen, India still a strategically-important emerging market

The company will focus on growing its European and South East Asian market, says Diederik Jansen

Tilaknagar, Radico gain upto 11%; why are these liquor stocks rising today?

India's rice stocks in government warehouses rose 18 per cent from a year ago to a record high for the start of June, while wheat stocks have hit their highest level in four years

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