Page 5 - Liquor Firms

Allied Blenders, Ranveer Singh to start new venture in premium segment

Liquor maker Allied Blenders and Distillers has partnered with Bollywood star Ranveer Singh to start a new business venture to offer a portfolio of premium brands. The board of Allied Blenders and Distillers Ltd (ABDL) has approved the formation of the new venture on Wednesday, said a statement from the company. "The creation of this would mark a strategic move for ABDL, allowing the new venture to focus on the exciting world of luxury spirits, while retaining the existing core brands in ABDL itself," said a joint statement With Indians drinking better and trending to luxury products, this business is set to make a significant impact. "The entity will launch its own brands, partner with promising Indian start-ups, work with major international brands, and use the strong ABDL sales and manufacturing networks with clear go-to-market strategies," it said. ABDL Managing Director Alok Gupta said: "This new venture, with the major impact personality like Ranveer Singh, represents our ..

Spurious liquor claims 231 lives in Odisha over past 27 yrs, assembly told

As many as 231 people died after consuming spurious liquor in Odisha in 27 years between 1992 and 2019, Excise Minister Prithiviraj Harichandan informed the assembly on Saturday. In a written reply to a question of Congress MLA Nilamadhab Hikaka, the minister said the highest number of 134 people died after consuming hooch in Cuttack district in 1992. He said 41 people of Tukulipada in the then Bhubaneswar & Cuttack district lost their lives after drinking such liquor in 2012. The minister said spurious liquor also claimed 20 lives in Puri in 2001, 19 in Ganjam district in 2006, ten (three in Khurda & seven in Bolangir) in 2009 and seven in Bhadrak district in 2019. Harichandan said that the government, at present, doesn't have any proposal to provide assistance and rehabilitation to people falling ill due to the consumption of hooch and those addicted to liquor. A total of 433 country liquor (Mahua) shops are operating in Odisha and the government has collected Rs 227 crore ..

Tilaknagar Industries Q1FY25 results: Net profit rises 55.7% to Rs 40 cr

Indian-Made Foreign Liquor (IMFL) manufacturer Tilaknagar Industries Ltd has reported an increase of 55.71 per cent in its consolidated net profit to Rs 40.08 crore for the April-June quarter of 2024. The company had reported a net profit of Rs 25.74 crore in the April-June period a year ago, Tilaknagar Industries Ltd (TIL) said in a regulatory filing. Its revenue from operations was up 3.88 per cent to Rs 664.86 crore in the June quarter. It was at Rs 639.97 crore in the year-ago period. Tilaknagar Industries' total expenses increased 1.8 per cent in the June quarter to Rs 626.51 crore. The total income of the company which owns brands such as Mansion House Brandy, Courrier Napoleon Brandy, Mansion House Gold Whisky and Blue Lagoon Gin, was at Rs 666.60 crore in the June quarter. In the April-June period, Tilaknagar Industries' sales volumes marginally increased to 25.4 lakh cases. "Owing to the industry-wide disruption caused by the elections, the volume growth remained somewha

ABD in talks with Russian Standard, ThaiBev for India product distribution

Allied Blenders & Distillers holds an estimated 11.8% market share in the Indian whisky market and is looking to expand its spirits portfolio, venturing into segments like vodka and scotch

Radico Khaitan expects 20% growth as Indians splurge on expensive liquor

Radico Khaitan reported 14.3 per cent sales volume growth for the June quarter on Wednesday in its high-end category, which makes up roughly half its revenue

Radico Khaitan Q1FY25 results: Net profit up 13.4% to Rs 77.38 cr

Liquor maker Radico Khaitan Ltd on Wednesday reported a 13.36 per cent increase in its consolidated net profit to Rs 77.38 crore for the first quarter ended June 2024. The company had posted a consolidated net profit of Rs 68.26 crore in the April-June quarter a year ago, according to a BSE filing from Radico Khaitan. Its revenue from operations was up 9.12 per cent to Rs 4,265.62 crore during the quarter under review. It was Rs 3,908.94 crore in the corresponding quarter of the previous fiscal. Radico Khaitan's total expenses increased 8.93 per cent to Rs 4,167.92 crore in the June quarter. The total income of Radico Khaitan in the June quarter was at Rs 4,269.30 crore, up 9.18 per cent. In the June quarter, its total IMFL volume (Indian-made foreign liquor) decreased by 4 per cent whereas the Prestige & Above category volume grew14.3 per cent," said an earning presentation by makers of Rampur single malt, Magic Moments Vodka and Jaisalmer Indian Craft Gin. While Prestige & ..

Centre plans tougher ad curbs on liquor makers such as Carlsberg, Pernod

Now they could bring fines for companies and bans for celebrities endorsing tobacco and liquor ads deemed misleading, according to the top civil servant for consumer affairs

Delhi officials reject Pernod liquor licence appeal, cite investigations

The rejection adds to Pernod's India woes, with the French drinks group facing two antitrust cases in India while it also contests a tax demand for nearly $250 million

Raise a toast: State govts may allow home delivery of your favourite drink

State authorities are reportedly seeking feedback on the advantages and disadvantages of online liquor delivery from e-commerce platforms and spirits manufacturers

Sula Vineyards stock price gains on highest ever Q1 revenue of Rs 130 crore

The uptick in the stock price came after the company said it has recorded its highest ever Q1 net revenue and own brands revenue

Child labourers at India's Som liquor unit worked 11 hrs a day: Govt

In the Som inspection report, the state government said the children working there were not given training on how they could protect themselves from harmful chemicals

Punjab limits retailers to 1,000 cases of IMFL monthly, manufacturers panic

Punjab's Indian Made Foreign Liquor market typically moves around one million cases, retailers can now only purchase 1,000 cases per month

Allied Blenders and Distillers lists at 14% premium to issue price

Shares of Allied Blenders and Distillers listed at Rs 320, a 14 per cent premium over its issue price of Rs 281 per share on the National Stock Exchange on Tuesday.

Indians tackle intense heat with 'mad rush' for air conditioners, beer

Quick delivery service Swiggy Instamart said it is seeing a sharp rise in orders for ice cream and cold beverages

Liquor company Som challenges license suspension in child labour case

The agency also released photos of children's hands it said showed burns due to contact with chemicals, and said some of the children were transported to the factory in school buses

Tamil Nadu hooch tragedy: 111 persons undergoing treatment in hospitals

At Puducherry 11 persons, in Salem district 30 persons, and in Villupuram district 4 persons are undergoing treatment at various government hospitals

Alcobev players ramp up single-malt portfolio to cater to surge in demand

On market expansion, DeVans plans to make a significant entry into Maharashtra this year while also strengthening its foothold in Goa

Govt impounds Som's distillery, suspends licences over child labour

Police launched an investigation into Som after the National Commission for Protection of Child Rights (NCPCR) last week found 39 boys and 20 girls working at the factory

Near term demand triggers lacking for liquor major United Spirits

Long-term prospects promising, but there are no immediate triggers

We expect premium brands to grow 14-15 % in FY25: Radico Khaitan MD

Khaitan talks about the company's strategic plans, diversification strategy, and growth trajectory for FY25