Page 4 - Liquor Industry

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 The new excise policy of the Delhi government was withdrawn in July 2022 after Lieutenant Governor V K Saxena recommended a CBI probe into alleged irregularities in its implementation.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

Undeterred by price hike, liquor sales at nearly 400 mn cases in FY23

Whisky continued to register the biggest numbers and accounted for around 75 per cent of overall spirits demand

CM rubbishes liquor scam allegations in Chhattisgarh, calls ED a BJP agent

Chhattisgarh Chief Minister Bhupesh Baghel on Monday called the Enforcement Directorate an "agent" of the Bharatiya Janata Party and dubbed the ED's claim of unearthing an alleged liquor scam in the state as false and baseless. As the Assembly polls were nearing in the state, the "disappointed" BJP was trying to defame the Congress government using the ED, he claimed. The state polls are due this year-end. The ED on Saturday arrested liquor businessman Anwar Dhebar, the brother of Congress leader and Raipur Mayor Aijaz Dhebar, in connection with an alleged liquor scam. In its remand application filed in a special court here seeking remand of Anwar, the ED claimed there was a "massive scam" in liquor trade in Chhattisgarh by a syndicate, comprising high-level state government officials, private persons and political executives, that generated corruption money of more than Rs 2,000 crore between 2019-22. The ED said Indian Administrative Service (IAS) officer Anil Tuteja was the ..

Tipplers beware! These liquor brands may soon go off the shelves in Delhi

Delhi Excise Department has not renewed the liquor sale licence of three big firms and distributors

Decoding Delhi's alleged 'liquor scam' that led to Manish Sisodia's arrest

Under the new, now-scrapped, excise policy, the state government allowed private vendors and shops to sell liquor in Delhi

Kejriwal, Mann meets Sisodia's family members after his arrest by CBI

Delhi Chief Minister Arvind Kejriwal and his Punjab counterpart Bhagwant Mann visited Deputy Chief Minister Manish Sisodia's residence to meet his family members after the CBI arrested the AAP leader on Sunday. The Delhi deputy chief minister was arrested by the Central Bureau of Investigation in connection with alleged corruption in the formulation and implementation of the now-scrapped excise policy for 2021-22. Mann slammed the BJP for the arrest of Sisodia, saying the move was an "insult" to the education that lakhs of children are getting in Delhi. "The arrest of Manish Sisodia is actually an insult to the education of lakhs of children of Delhi..Sending the one who builds schools to jail is part of the BJP's agenda," Mann charged in a tweet in Hindi. Earlier in the day when Sisodia was on his way to the CBI headquarters, Kejriwal had tweeted, "We will take care of your family, Manish. Don't worry.

Illegal liquor: Consumption may be up, but deaths show the opposite trend

India has a higher per capita consumption of illegal liquor than most countries in the neighbourhood

Taxes account for 67-80% of liquor prices; threatens sector's future: ISWAI

High rates of taxation are crippling the alcoholic beverages (alcobev) sector and threatening the future of the liquor industry in the country, the International Spirits & Wines Association of India (ISWAI) said. ISWAI, the apex body of the premium alcobev industry in the country, said that taxes account for 67 to 80 per cent of the product prices, leaving little for the trade to sustain and manage operations. The Indian alcobev industry is in deep crisis due to inflation on one hand and high taxation rates. In this context, it is needed to decrease taxes and raise product prices for the sector to sustain," ISWAI CEO Nita Kapoor said. Unlike other industries, the liquor industry does not have the freedom to price the products, Kapoor said. "The liquor trade contributes 25 per cent to 40 per cent of the state governments' revenues. Despite this, the government chose to tax it at high rates. The rates should be rationalised," Kapoor said. According to ISWAI, the Indian alcobev ...

World's largest beer maker adds Budweiser Magnum whiskey to its India menu

India's love for darker spirits makes the world's largest beer maker enter the whiskey segment in the country

Sobering reality: Three liquor firms served notices for surrogate ads

In its warning, the MCA had said that "during recent sports events that were televised globally", many instances of surrogate advertising had been noticed

Analysts remain bearish on liquor companies despite Q1 volume gains

Raw material pressures and lack of pricing power key reasons for this view

Delhi govt to open 500 liquor stores as old excise duty policy returns

Under the Excise Policy-2021, Delhi government withdrew itself from the liquor sale business and allowed the issuance of L-1 licences for 849 private retail liquor vendors through open bidding.

Why states are unwilling to take lessons from Delhi liquor excise saga

The controversy in Delhi reflects the enduring importance of this revenue source for state exchequers

Delhi govt likely to open 500 liquor vends from September 1: Report

According to a report, the Delhi govt is likely to operate as many as 500 liquor vends from September 1. The move comes amid the absence of no private players in the retail sale of alcohol

Delhi govt to revert to old retail liquor policy for next six months

Amid ongoing investigation by Delhi Police's Economic Offences Wing and a face-off between Lieutenant Governor VK Saxena and AAP government, the liquor policy row in the capital has taken a fresh turn

TMS Ep204: Tiruppur textile, Pallonji Mistry, liquor stocks, tokenisation

How can India create 75 more Tiruppurs? What legacy has Pallonji Mistry left behind? Will fizz return to liquor stocks? What is tokenisation? All answers here