Page 3 - Liquor Firms

UP's new excise policy: E-lottery for licences, higher alcohol prices ahead

Uttar Pradesh government approves new Excise Policy for 2025-26, introducing e-lottery for liquor shop licences, higher alcohol prices, and consumer-friendly reforms

Sula Vineyards Q3 results: Net profit falls 35% to Rs 28.06 crore

Sula's consolidated net profit fell to Rs 28.06 crore ($3.2 million) in the quarter ending Dec. 31, from Rs 42.98 crore a year ago

Allied Blenders plans three luxury brands for larger market share

The company also announced its acquisition of a 51 per cent stake in Good Barrel distillery, which produced Rock Paper rum, thus foraying into a new category

Radico Khaitan Q3 results: PAT rises 27% to Rs 95.5 cr, revenue up 8%

Liquor maker Radico Khaitan Ltd on Wednesday reported an increase of 27.05 per cent in its consolidated net profit to Rs 95.48 crore in the third quarter ended December 2024. The company had posted a consolidated net profit of Rs 75.15 crore in the October-December quarter a year ago, according to a BSE filing from Radico Khaitan. Its revenue from operations went up 8 per cent to Rs 4,440.90 crore during the quarter under review. The figure was Rs 4,111.23 crore in the corresponding quarter of the previous fiscal. In the December quarter, Radico Khaitan's total IMFL volume was at 8.36 million cases, up 15.3 per cent year-on-year. While Prestige & Above brands volume was up 17.7 per cent to 3.67 million cases and contributed to the IMFL volumes of 50.9 per cent Radico Khaitan's total expenses increased 7.32 per cent to Rs 4,312.09 crore in the December quarter. The total income of Radico Khaitan, which includes other income, in the December quarter was at Rs 4,441.98 crore, up 7.9

Delhi govt declares 'dry days' from Feb 3-5, Feb 8 due to Assembly polls

The Delhi government has ordered the closure of liquor shops and other establishments serving alcohol in the city from February 3 to 5, the voting day, and on February 8 when the results would be declared. A gazette notification issued recently by the Delhi excise commissioner declared "dry days" under Excise Rules-2010 for various excise licenses on the day of voting to the 70-member Delhi Assembly and the counting day. "It is ordered that dry days shall be observed (during 48 hours ending with the hour fixed for conclusion of the poll) from 6 pm of February 3 to 6 pm of February 5, and again on February 8 being the counting day on account of Assembly polls. "During the dry days, no liquor shops, hotels, restaurants, clubs and establishments selling or serving liquor, will be permitted to sell or serve liquor to anyone whosoever," said the notification. It added that non-proprietary clubs, star hotels, restaurants among others, and hotels run by anyone, even if they are issued ...

Globus Spirits zooms 17%; Why are most liquor stocks rising in trade today?

Around the same time, among liquor stocks, United Breweries was up 4.28 per cent, Radico Khaitan was up 0.52 per cent, Som Distilleries was up 0.37 per cent

Telangana rations Kingfisher beer as Heineken halts sales in price dispute

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

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

Viability of beer prices set by Telangana has become far too stressed: BAI

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 ...

Not aware of any govt document on CCI investigation: Pernod Ricard

Pernod Ricard responds to reports of CCI raids over alleged retailer collusion to promote whisky brand

Delhi's excise revenue up by 13% in first three quarters of 2024-25

Delhi government's excise revenue from liquor trade saw a jump of around 13 per cent in the first three quarters of 2024-25, officials said on Sunday. The revenue jumped to Rs 6,061 crore from Rs 5,361 crore in the corresponding period in previous fiscal, they said. The sale of liquor bottles on New Year's Eve, however, saw a decline. On December 31, 2024, a total of 23 lakh bottles were sold, as against 24 lakh in 2023. The decline was attributed to December 31 being a Tuesday, when many avoid liquor consumption owing to religious reasons. The department's revenue consisted of Rs 4,233 crore it got in excise duty and Rs 1,828 as Value Added Tax. In comparison, the department in April-December 2023, earned Rs 5,361 crore in excise revenue, including Rs 1,643 crore as VAT. A target of Rs 6,400 crore in revenue was set for the financial year 2024-25. In the 2023-24 fiscal, the total excise duty collected was Rs 5,164 crore.

Domestic liquor brands may seek separate standard for single malt whisky

Homegrown Indian liquor makers are mulling approaching food & beverages regulator FSSAI for a separate standard for the Indian single malt whisky that is rapidly scaling with the ongoing trend of premiumisation and has won several prestigious international awards. This will help maintain the sanctity and reputation of Indian single malt whisky -- now exported to 60 countries -- and Indian producers are discussing the move, according to Confederation of Indian Alcoholic Beverage Companies (CIABC), the industry body of domestic AlcoBev manufacturers. The Indian distillers are also taking steps to get a geographical indication tag for their single malt whisky that will enhance the brand's credibility and standards. While the sale of Indian single malt whisky rising in high double digits in the country -- the world's largest whisky market -- the industry is also facing a challenge to keep a check on the emergence of smaller single malt whisky brands. According to CIABC Director ...

CCI conducts surprise raids on liquor giants Pernod, AB InBev in Hyderabad

Liquor companies and retailers in Telangana have been accused of entering into cartel-like agreements to manipulate prices and market shares

DeVANS to boost Samba beer capacity to 600K HL with Rs 60 crore investment

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

Pernod Ricard internal probe reveals that top India exec violated laws

Enforcement Directorate, in Jan. 2023 accused Pernod Ricard India (PRI) of engaging in money laundering by unlawfully facilitating $24 million in corporate guarantees

Luxury brandy launch pushes Tilak Nagar Industries 4% higher on November 28

The uptick in the Tilak Nagar Industries came after the company announced that it has forayed into the luxury brandy segment with the launch of Monarch Legacy Edition for Rs 6,750 in Maharashtra

US liquor maker Sazerac to introduce more brands of Bourbon whisky in India

American spirits makers Sazerac plans to introduce more brands of bourbon whisky to its priority market India, which is going through premiumisation, a company official said on Wednesday. The Louisiana, US-based privately held American alcoholic beverage company looks at India as an "opportunity market" because it is one of the largest whisky consumption markets, where the trend of premiumisation is picking up led by the growth of the economy and subsequent increase in disposable income. Sazerac Company, which owns a stake in Bengaluru-based liquor maker John Distilleries Ltd, also plans to launch and develop the Bourbon category whisky from Buffalo Trace Distillery, in top Indian metros. It will 'leverage' its relationship with John Distilleries while expanding in the Indian market, which is considered to be complex and over-regulated for the spirits business. "We do expect to continue to invest. India for us, is a priority market. You will see year in and year out, we will contin

Associated Alcohols launches premium Hillfort whiskey starting at Rs 340

Hillfort Whiskey offers a unique tasting experience, beginning with a smoky aroma and evolving into ashy undertones, floral notes, citrus, and tropical fruits

Premium portfolios to serve neat margin gains for liquor companies

Profits, uncorked: A spirited blend of festivals and weddings to pour strong growth in FY25's second half

Piccadily Agro to invest Rs 1,000 cr to expand, open distillery in Scotland

Piccadily Agro, maker of Indri Single malt whisky and Camikara rum, on Wednesday said it will invest Rs 1,000 crore to expand existing facility and open new plants, including a distillery in Scotland, to widen its play in the premium segment. Piccadily Agro Industries Limited (PAIL), which announced to raise Rs 312 crore to fund its growth plans, looks to expand its distillery and malt facilities at Indri, Haryana and set up a new facility at Mahasamund, Chhattisgarh. Piccadily Agro Industries Limited (PAIL) will also open its first international distillery at Portavadie, Scotland, to bolster its premium spirits production, according to a company statement. In September 2024, PAIL raised Rs 262 crore through preferential allotment from marquee investors, while an additional Rs 50 crore was infused by the company's promoters. The remaining funding shall be tied up through a combination of internal accruals and debt, it said. "With this expansion in India, we are set to increase our