AlcoBev makers -- United Spirits and Associated Alcohol & Breweries -- have moved the Bombay High Court and Madhya Pradesh High Court, respectively, challenging the FSSAI directive that indicted them for adding flavours that mimic a product's natural profile. Leading player United Spirits Ltd, part of British multinational Diageo PLC, has moved the Bombay High Court against the Centre and the Food Safety and Standards Authority of India (FSSAI). While Associated Alcohol & Breweries Ltd had moved the Madhya Pradesh High Court on July 31 against the notice issued by the food regulator. The Indore bench of the High Court has scheduled the case for hearing on Wednesday. Besides, this matter is also being taken up with the FSSAI by the respective industry associations, CIABC (Confederation of Indian Alcoholic Beverage Companies) and ISWAI (International Spirits & Wines Association of India). USL, in a regulatory filing, said it has "filed a Writ Petition before the Bombay High .
Policy changes weigh on popular segment, but Street stays positive on demand recovery and improving mix
The liquor maker said premium demand remains healthy despite inflationary pressures and AI-driven employment uncertainty affecting sentiment in some consumer segments
The liquor maker reported higher quarterly sales, supported by double-digit growth in its prestige and above portfolio despite the impact of Maharashtra's policy changes
Jefferies said that premiumisation is the most important structural trend, with consumers trading up from country liquor and lower-end IMFL to Prestige & Above (P&A) segments.
Here's why Nandish Shah technical research analyst of HDFC Securities recommends a 'Bull Spread' strategy on Cipla and United Spirits derivatives for the July series.
As per the India-UK FTA, New Delhi will be reducing duty on UK whisky and gin from 150 per cent to 75 per cent and further to 40 per cent in the tenth year of the deal.
JM Financial has set a target price of ₹1,400 per share, implying a potential upside of 4.55 per cent from the current market price.
Diageo India reports resilient quarterly growth led by premium portfolio despite adverse impact from Maharashtra liquor policy changes
Q4FY26 company results: Firms including Apollo Tyres, Muthoot Finance, Indian Railway Finance Corporation, and Tata Motors Passenger Vehicles are also to release their January-March earnings today
Nomura says United Spirits' plan for the IPL team could unlock a one-time payout for shareholders
Sale of RCB stake to boost cash flows and support deleveraging, while premiumisation and policy shifts underpin steady growth outlook for United Spirits
RCB and Rajasthan Royals' billion-dollar deals reveal how IPL teams are valued, from media rights and cash flows to brand power, scarcity and future growth expectations
A key trend in RCB, Rajasthan Royals deals is the shift from individual ownership to institutional and consortium-based ownership and IPL evolution as a global sports asset class.
Karnataka's new alcohol policy may benefit United Spirits and United Breweries as tax reforms and pricing flexibility could drive premiumisation, analysts said
Among key trends, spirits companies such as Radico Khaitan Ltd. and United Spirits Ltd. continued to outperform beer major United Breweries Ltd. on volumes, JM Financial said
United Spirits reported a net profit of ₹418 crore in the third quarter ended December, up from ₹335 crore in the same quarter last year
United Spirits remains confident of sustaining a 6-8% price mix over the medium term, aided by portfolio premiumisation and Maharashtra's liquor policy, even as volumes face pressure at the lower end
ICICI Securities on United Spirits: Despite volume pressure, USL reported steady revenue growth, aided by premiumisation.
Stocks to watch today, Wednesday, January 21, 2026: Cyient DLM, Shoppers Stop, HDFC Bank, Tata Steel, and Vikram Solar are among other key stocks to track today.