Page 5 - Liquor Industry

Fizz returns to liquor stocks

With plateauing commodity prices, increased out-of-home consumption and some state govts reducing taxes, the worst may be behind the liquor sector. Find out if investors should pick up related stocks.

Time to raise a toast to liquor stocks? Selectively, say analysts

Analysts believe the worst may be over for the sector, with out-of-home (OOH) consumption picking up, and reduction in taxes by some state governments

How Delhi's new excise policy sinks spirits of private liquor retailers

The new excise policy of the state government had allowed the entry of private liquor retailers for the first time

Liquor rates to drop 30-40% in Punjab as Cabinet approves new excise policy

Prices of liquor in Punjab are expected to drop by at least 30 to 40 per cent to be on par with the rates in Union Territory Chandigarh and Haryana, with the state Cabinet of the AAP-led government approving its first excise policy on Wednesday. Chief minister Bhagwant Mann-led government set a target of collecting Rs 9,647.85 crore, 40 per cent up from the revenue mobilised from the liquor business last year. The new excise policy for the year 2022-23 was approved in the state Cabinet meeting chaired by chief minister here. A spokesperson of the Chief Minister's Office said the policy strives to keep a stringent check over smuggling of liquor from the neighbouring states through extensive enforcement and by incorporating new technological measures. Meanwhile, BJP leader Manjinder Singh Sirsa accused the AAP government of replicating the Delhi excise model to benefit a few. @Aam AadmiParty is abusing Punjab state machinery & replicating Delhi model of excise in Punjab to benefit a

Jharkhand government to take over wholesale, retail sale of liquor

The state Cabinet on Wednesday approved four major amendments in the excise policy related to rules of wholesale and retail sale of liquor and other related cases.

Liquor business: New excise regime to hit Delhi markets from Wednesday

Tuesday was the last business day for nearly 600 government-run liquor shops operating across the national capital

Amitabh Bachchan, pan masala, and the noise around surrogate ads in India

Surrogate ads of liquor and tobacco products have been banned in India since 1995. But we still see celebrities indirectly promoting such products. What's the regulation, and where are the loopholes?

High Court issues notice to Delhi govt on home delivery of liquor

The Delhi HC issued notice to the Delhi government on a petition moved by MP Pravesh Sahib Singh Verma challenging the newly-amended Delhi Excise Rules, 2010 ('Rules') allowing home delivery of liquor

Delhi allows home delivery of liquor through apps or websites, tweaks rules

City seeks to boost its revenues as it eases a weeks-long lockdown to contain Covid-19.

Matinee to Rahasya, freshly brewed Indian spirits defy Covid pandemic blues

These new launches may seem surprising given that the pandemic has hit the alcohol industry harder than most other sectors, though there are signs of a recovery

Delhi reduces legal drinking age to 21 from 25; restaurateurs cheer move

Lowering the minimum age from 25 will lead to an estimated 20 per cent rise in liquor consumption

CIABC urges centre not to reduce customs duty on whiskey imports from UK

The Confederation of Indian Alcoholic Beverage Companies (CIABC) has strongly objected to any plans to slash the Basic Customs Duty (BCD)

Liquor prices in Maharashtra likely to rise 10-15% after tax hike

West Bengal, Rajasthan also increased taxes recently; industry says the trend is worrying

Lower taxes, opening of channels to aid volume recovery at United Breweries

Falling input prices, cost cuts to improve margins

Age no bar

Delhi is among a handful of states and Union Territories - Punjab, Haryana, Chandigarh and Maharashtra being others - that mandate an MLDA of 25 years

Sales of Indian-made foreign liquor slip 9% in the quarter: CIABC

CIABC is the apex body of the Indian alcoholic beverage industry

Punjab hooch tragedy: Arvind Kejriwal demands CBI probe as toll rises to 86

CM Kejriwal claimed that none of the cases pertaining to illicit liquor in the last few months have been solved by the local police.

Covid-19 cess dampens spirits; consumers turn to cheap liquor brands

Liquor is one of the biggest sources of revenue for state governments, but their income may fall: Survey

Covid-19 crisis: Mumbai liquor shops allowed to home deliver from today

"E-commerce platforms may be utilised by the liquor shops permitted to do home delivery," said the BMC order.

Swiggy starts home delivery of alcohol amid lockdown; begins from Ranchi

To ensure safe delivery of alcohol in compliance with applicable laws, Swiggy has introduced measures such as mandatory age verification and user authentication to complete deliveries