Page 3 - Liquor Industry

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.

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