Page 3 - Liquor Industry

Liquor set to cost more in Tamil Nadu from Feb 1: Check all the details

Tasmac said the price of 180 ml of regular and medium-quality liquor will be raised by Rs 10. For 180 ml of high-quality liquor, there is a price increase of Rs 20

Indian single malts beat global brands, capture 53% sales in 2023: Report

The top Indian brands, which contributed to this milestone, included Amrut, Paul John, Radico Khaitan's Rampur, Indri, among others

Liquor bottle sales in Delhi rise 18% on year to 2.4 mn on New Year's Eve

Delhi recorded sales of 24 lakh liquor bottles on New Year's Eve, registering a nearly 18 per cent on-year growth from the corresponding date in 2022. According to official Excise department data, 3,99,60,509 (3.99 crore) liquor bottles were sold in December 2022 through a network of 520 shops. In December 2023, 4,97,80,240 (4.97 crore) bottles were sold from 635 vends. According to the data, 24,00,726 (24 lakh) liquor bottles were sold on New Year's Eve (December 31) -- the highest single-day sales during December 2023. December 31, 2022, witnessed sales of 20,30,664 (20.30 lakh) bottles -- also the highest single-day sales figure for that month. The second highest sales in December 2023 were recorded on Christmas Eve (December 24) when 19,42,717 (19.42 lakh) bottles were sold. On the same day in 2022, the data showed that 14,69,357 (14.69 lakh) bottles were sold. The data also showed that 17,79,379 (17.79 lakh) liquor bottles were sold on December 30, 2023, against 14,66,353 (1

Delhi liquor sales log 14% on-year jump in Dec, 45 mn bottles sold: Data

The sale of liquor in Delhi recorded a 14 per cent on-year growth in December, with 4.56 crore bottles sold in the national capital during the month. According to official Excise department data, 3,99,60,509 (3.99 crore) bottles of liquor were sold in December 2022 through a network of 520 shops. This year, 4,56,00,135 (4.56 crore) bottles have been sold till December 29 from 635 vends. Department officials said with two more days to go, a significant surge in sales owing to New Year's celebrations is expected. According to the data, 19,42,717 (19.42 lakh) bottles were sold on December 24 -- the highest single-day sales during the month this year. On the same day last year, 14,69,357 (14.69 lakh) bottles were sold. December 31, 2002, however, witnessed a record sale of 20,30,664 (20.30 lakh) bottles -- the highest single-day sales figure for that month. The Excise department has also intensified enforcement to check illegal sale of liquor during the festival season. The departm

Alcoholic beverages exports to cross $1 bn in next few years: Report

The country's alcoholic beverages exports are expected to cross USD 1 billion in the next few years on account of increasing demand for spirits in global markets, a senior government official said on Thursday. As against the exports of USD 325 million in 2022-23, the outbound shipments from the sector touched USD 230 million during April-October this fiscal, Additional Secretary in the commerce ministry Rajesh Agrawal told reporters here. The global trade of these products is about USD 130 billion. "The demand for Indian spirits is increasing...It is expected to go beyond USD 1 billion in the next few years. Indian beverages market is growing very fast and slowly demand for these brands across the world is also picking up," Agrawal said, adding that in the forthcoming three-day Indus Food show in Greater Noida (Uttar Pradesh), there will be a wine and spirits section. Over 2,500 global buyers, 5,000 domestic buyers and 86 retail chains would be participating in the show apart from

Indian alcohol cos seek elimination of 'non-tariff barriers' in EU markets

For a beverage to be considered "whisky" in the EU, it has to be at least three years or more old. For "brandy", this time is one year

Pernod Ricard aims threefold jump in sales in Indian market by next decade

French Spirits maker Pernod Ricard expects a threefold jump in its sales in the Indian market by next decade, led by macroeconomic tailwinds, favourable demographic dividend and growing premiumisation in IMFL and imported brands here. According to Pernod Ricard India MD Jean Touboul, the Indian market, currently ranked at number two globally, has the potential to become a leader in the next 10-15 years, replacing the US market, for the company. "We are growing faster with the tailwinds in macroeconomics, in demographic and well India being the most populous country on earth, I am personally convinced that yes, we will be the market number one in Pernod Ricard at some point," Touboul told PTI. However, he also added: "I just cannot tell you if it will be in 10 years, 15 years, that is not easy to predict but my conviction is that yes, one day India will be the market number one for Pernod Ricard." Pernod Ricard is having a double-digit growth both for IMFL and strong double-digit ..

Keeping me in custody serves no purpose, AAP's Sanjay Singh tells court

AAP leader Sanjay Singh on Saturday urged a court here to release him, saying no purpose will be served by keeping him in further custody in a money laundering case related to the alleged Delhi excise scam. Singh's counsel made the submission before Special Judge M K Nagpal during the hearing of his bail application. He told the court that he was not required for further investigation and that the probe against him was over. "The ED has already filed its charge sheet against me after the completion of the investigation. I'm not required for the custodial interrogation any further. There is no purpose to keep me in further custody," Singh's counsel told the court. During the arguments, the ED said the probe was ongoing and if released on bail, Singh could hamper the investigation and tamper with the evidence as well as influence the witnesses. In the course of hearing on bail application, the fifth supplementary prosecution complaint filed against Singh was also taken out from a se

Alcohol association welcomes Manipur's move to lift prohibition on liquor

Seeks similar action from Bihar government to help end hooch tragedies and help state earn Rs 10,000 cr

Organised liquor industry to see rise in revenue on strong demand: Report

Strong demand and premiumisation are driving revenues of the organised liquor industry higher and the operating profitability of distillers and brewers is expected to increase amid softening of input costs, says a report. According to a Crisil Ratings report, the revenues of the organised liquor industry are expected to rise by 12-13 per cent this fiscal to Rs 4.45 lakh crore, on top of a 15-16 per cent growth last fiscal. Accordingly, the operating profitability of distillers and brewers is expected to increase by 100-150 bps with softening of input costs. This will also have a positive reflection on their credit profiles with strong balance sheets on back of significant deleveraging in the last three fiscals, the report said on Tuesday. The agency said the report is based on the largest 33 liquor companies, which account for around 15 per cent of the organised liquor segment revenue. The liquor industry can be broadly segmented into distillers and brewers. Distillers produce ...

Pre-Diwali liquor sale in Delhi registers growth of more than 37%

Pre-Diwali sale of liquor in Delhi has registered a growth of more than 37 per cent on the average number of bottles sold during the fortnight before the festival compared to the same period last year, officials said on Friday. According to excise department figures, 2.26 crore bottles of liquor were sold two weeks before Diwali last year. This year, in the last fortnight, 2.58 crore bottles were sold. On Monday, 14.25 lakh bottles were sold. The figure rose to 17.27 lakh bottles on Tuesday and 17.33 lakh on Wednesday. During the three days before Diwali last year, 13.46 lakh, 15 lakh and 19.39 lakh bottles were sold, respectively. The average number of bottles sold over a period of two weeks before Diwali last year was 12.56 lakh. This year so far, the figure is at 17.21 lakh, which means a jump of more than 37 per cent, an excise department officer said. With the sales figures for Thursday, Friday and Saturday yet to be accounted for, there will be a further rise in the number,

SC to deliver order on Sisodia's bail plea in liquor policy cases on Oct 30

Opposing the bail plea of Sisodia, ASG has also read one line from SC's judgement upholding the provisions of PMLA

Restaurant owners urge Maha govt to rollback 5% hike in VAT on liquor

The Hotel And Restaurant Association (Western India) - HRAWI, on Wednesday urged the Maharashtra government to roll back the 5 per cent increase in Value Added Tax (VAT) on liquor served at bars and restaurants across the state. On October 22, the Maharashtra government raised VAT for permit room liquor service by 5 per cent, resulting in a new total rate of 10 per cent, according to the state government notification. HRAWI in a representation submitted to the chief minister Eknath Shinde, deputy chief minister and finance minister Ajit Pawar, and tourism minister Girish Mahajan requested the rollback of the 5 per cent increase in VAT on liquor served at bars and restaurants across the state. Expressing concern and surprise at the unexpected increase in VAT on liquor, HRAWI has stated that the significant hike in taxes will have adverse effects on the hospitality industry, particularly on restaurants and bars and subsequently impact the state's tourism sector. "Tourism is a vital .

Liquor industry welcomes decision to keep key alcohol ingredient out of GST

The ingredient, extra-neutral alcohol, accounts for 30-35% of the production cost for Indian-made foreign liquor

GST Council likely to exempt distilled alcohol used to make liquor from tax

However, states adopt different practices while imposing GST on extra neutral alcohol, which is key input used to produce liquor

Shows PM's frustration: Delhi CM on Sanjay Singh's arrest in liquor case

Earlier in the day, Kejriwal termed Singh's arrest by the Enforcement Directorate as "totally illegal"

Dry day today on Gandhi Jayanti: All you need to know about dry days

Dry day refers to the prohibition on the sale of alcohol. Since the sale of liquor is a state subject, the laws around prohibition differ across the country

Karnataka charges Rs 513 for a liquor bottle that costs Rs 100 in Goa

According to a report, Karnataka levies an 83 per cent tax on the actual price of a liquor, which makes it costly compared to the other states

Delhi's retail liquor trade records sharp decline compared to Q1FY23

The retail liquor trade in Delhi has recorded a sharp decline as compared to the first quarter (April-June) in 2022, when the now-scrapped excise policy of the city government was in place, according to a report prepared by the Confederation of Indian Alcoholic Beverage Companies (CIABC). The new excise policy of the Delhi government was withdrawn in July 2022 after Lieutenant Governor V K Saxena recommended a CBI probe into alleged irregularities in its implementation. The policy was finally wrapped up on August 31 last year. The old policy under which Delhi government corporations opened liquor vends in the city was rolled out on September 1, 2022. Despite all the disruptions related to the excise policy changes and non-availability of many brands, Delhi maintained a healthy annual growth rate of 36 per cent year on year, the CIABC report said. However, a closer analysis shows that much of this growth is attributed to the first quarter of 2022-23, when various trade schemes and .

Liquor sales volume grows 14% in FY23, premium segment over Rs 1k grows 48%

Sales of Indian-made foreign liquor (IMFL) rose by 14 per cent in volume terms to 385 million cases in FY 2022-23 while premium products priced over Rs 1,000 per 750ml bottle grew by 48 per cent, according to industry body CIABC. Sales are almost 12 per cent higher than the pre-Covid levels of FY 2019-20, indicating that the impact of Covid has fully worn off, it said. The industry is expected to grow in the current fiscal by 8 per cent to end around 412-415 million cases (9 litres each), the report by the Confederation of Indian Alcoholic Beverage Companies (CIABC) stated. In FY23, whisky remained the largest segment with an expected sales volume of 243 million cases, contributing 63 per cent of sales of the total industry. Moreover, after many years of decline, Gin seems to have reversed the trend and is back in growth, added the report CIABC, which is the apex body of the Indian Alcoholic Beverage Industry. According to the report, the trend of premiumisation has continued in t