Page 2 - Liquor Industry

Delhi govt begins trial of 'e-Abkari' to replace excise information system

The Delhi government on Thursday started trial run of an NIC-developed e-Abkari portal to replace the existing excise supply chain information management system platform to handle retail liquor business, officials said. During the trial period, the e-Abkari portal will be used by 10 liquor vends operated by each of four government corporations as well as over 30 excise licensed hotels, clubs and restaurants, said a source in the Excise department. The portal will be used for placing stock orders, generate transit permits and complete other formalities online by the selected licensees, he said. The excise supply chain information management system (ESCIMS) portal developed by a private IT firm for the Excise department of Delhi government and being operated since 2013 will be replaced once the e-Abkari website is fully ready after the trial run, he said. The officials said the Excise department teams were preparing for the adoption of e-Abkari portal developed by the National ...

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 & ..

Diageo India's CEO summoned by Delhi city police in liquor payments case

A spokesperson for Diageo India confirmed receiving the Delhi police notice and said the company would fully cooperate and was "in the process of providing the information sought"

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

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

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

Gurugram liquor shop on Golf Course road auctioned for whopping Rs 50 crore

The new Haryana excise policy 2024-2025, enforced on Wednesday, has also resulted in a 20 per cent hike in liquor prices in Gurugram

Haryana's new excise policy spurs 20% hike in liquor prices in Gurugram

Haryana government has successfully auctioned 162 excise zones in Gurugram, garnering Rs 1,756 crore

Allied Blenders Ltd gets Sebi's approval to float Rs 1,500-crore IPO

Allied Blenders and Distillers Ltd, the maker of Officer's Choice Whisky, has received Sebi's go-ahead to raise Rs 1,500 crore through an Initial Public Offering (IPO), an update with the markets regulator showed on Tuesday. The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-for-Sale (OFS) of shares to the tune of Rs 500 crore by promoters, according to the Draft Red Herring Prospectus (DRHP). As a part of the OFS, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev and Neesha Kishore Chhabria will sell shares. Allied Blenders and Distillers Ltd, which filed preliminary IPO papers with Sebi in January, obtained its observations on May 10, the update showed. In Sebi's parlance, obtaining observations means its go-ahead to float the public issue. As per the draft papers, proceeds from the fresh issue worth Rs 720 crore will be used for the payment of debt, besides, a portion will be used for general corporate purposes. The total

MCC, and restrictions force drinkers to opt for local liquor brands

With state governments tightening their grip over liquor and Lok Sabha election restrictions creating supply chain disruptions, local brands are flooding the market

Premiumisation spurs domestic spirits market to record highs post-pandemic

Since FY21, the annual sales of spirits in India have surpassed the combined consumption of prominent European markets such as the UK, France, and Spain

Summer cheer for beer firm United Breweries as margins remain stable

Cheaper raw material prices and growth in premium segment expected to help company

LS elections: TDP woos booze lovers with quality liquor at reduced prices

"We will reduce prices of commodities," may be the standard refrain of every political party fighting an election. However, in Andhra Pradesh, opposition TDP is wooing the avid booze lover with the promise of better quality spirit at reduced prices, if voted to power. Simultaneous Lok Sabha and Assembly elections are scheduled in the southern state on May 13. Telugu Desam Party (TDP) the main opposition, is also accusing the YSRCP Government of setting excessively high prices that do not align with the quality of the liquor. TDP supremo N Chandrababu Naidu consistently emphasizes, among others, the issue during his campaign, alleging that the state has been supplying poor quality liquor while profiting immensely from 'inflated' prices, running to thousands of crores of rupees. According to reports, the state government netted nearly Rs 24,000 crore through excise revenue in 2022-23 against over Rs 17,000 crore in 2019-20. YS Jagan Mohan Reddy-led YSRCP was voted to power in ...

LS polls: Liquor shops to remain closed for 3 days from April 17 in Pondy

All liquor, toddy, arrack shops and also clubs, bars and restaurants serving liquor will remain closed for three days from April 17 in Puducherry, Karaikal, Mahe and Yanam regions in view of Lok Sabha polls slated to be held on April 19 in the union territory. A notification of the Puducherry State Gazette said that the Lieutenant Governor has issued an order directing closure of the shops, clubs, bars and restaurants serving liquor to ensure "fair and peaceful polls in the Union Territory". The notification also said that all these shops and restaurants, bars and clubs would also remain closed on June 4 on account of counting of the votes. Another notification from the government said that as Kerala goes to the polls on April 26, all liquor, toddy and arrack shops and also clubs, bars and restaurants serving liquor would remain closed in Mahe region from April 24 to 26 to ensure fair peaceful polls and on June 4, the day of counting of votes. Mahe is an enclave of Puducherry in ..

Court extends ED custody of Kavitha till Mar 26 in Delhi excise policy case

A court here on Saturday extended the Enforcement Directorate custody of BRS leader K Kavitha, an accused in the Delhi excise policy scam case, till March 26. The federal probe agency has sought a five-day extension of her custody. The ED has alleged that Kavitha, the daughter of former Telangana chief minister K Chandrashekar Rao, was a key member of the 'South Group' that has been accused of paying the AAP kickbacks of Rs 100 crore in return for a big share of liquor licences in the national capital. After producing her in court, the ED said that she was confronted with the statements of four people and a forensic report of the data extracted from her phone. The probe agency also told the court that raids were being conducted at the house of her nephew in Hyderabad. BRS leader's counsel filed a bail plea in court. Kavitha, 46, a Telangana Legislative Council member, was arrested by the central probe agency from her residence at Banjara Hills in Hyderabad on March 15.

Himachal govt earned Rs 91 cr from milk cess on liquor: Industries minister

Himachal Pradesh government earned Rs 90.78 crore from milk cess of Rs 10 per bottle on liquor and the figure is likely to touch Rs 100 crore, Industries minister Harshwardhan Chauhan said on Monday. The state government earned Rs 90.78 crore from milk cess on liquor till January 31, 2024, Chauhan said during the Question Hour in Vidhan Sabha. Replying to a question of Randhir Sharma (BJP) and Kewal Singh Pathania (Congress), on behalf of the chief minister, the minister said that the money would be used for increasing the income of milk producers and strengthening the milk sector infrastructure. He said that the liquor vends in 2023-24 were allotted through Auction-cum-Tenders and the reserve price was kept at Rs 1,446 crore but the actual auction amount was Rs 1,815 crore which was 40 per cent more as compared to the previous year (2022-23). The income from excise from the new policy increased by Rs 515 crore and against a target of Rs 2,350.81 crore from Excise policy, revenue o

BJP demands inquiry into alcohol consumption allegations against Tejashwi

Senior BJP leader Sushil Kumar Modi has demanded an inquiry into the allegations of recently disqualified RJD MLC Rambali Singh that Tejashwi Yadav has been "consuming liquor" in violation of the state's stringent prohibition law. However, Singh, who lost his Bihar legislative council membership two days ago on the charge of working against the party line, maintained that the senior BJP leader (Sushil Modi) had taken out of context word uttered by him during a "loose talk" which got recorded on camera without his knowledge. Singh claimed that he never took the name of RJD leader and former Deputy Chief Minister Tejashwi Yadav during the conversation. "I never took the name of Tejashwi Yadav It was a loose talk which got recorded on camera without my knowledge. Somebody asked me during conversation whether Tejashwi Yadav consumes liquor or not.On this, I said the prohibition law is a complete failure in the state and those who were consuming liquor earlier, are consuming even after t

Radico Khaitan Q3 results: Net profit up 23% to Rs 75 cr, revenue up 34%

Liquor maker Radico Khaitan Ltd on Tuesday reported a 22.75 per cent increase in consolidated net profit at Rs 75.15 crore for the third quarter ended December 2023. The company had posted a consolidated net profit of Rs 61.22 crore in the October-December quarter a year ago, Radico Khaitan said in a BSE filing. Its revenue from operations rose 34.1 per cent to Rs 4,245.95 crore in the third quarter of the current financial year. It stood at Rs 3,166.19 crore in the year-ago period. Radico Khaitan's total expenses were up 34.28 per cent to Rs 4,152.65 crore in the latest December quarter. Shares of Radico Khaitan Ltd on Tuesday settled at Rs 1,720.95 on BSE, down 0.96 per cent from the previous close.