Whisky

Modi Illva targets ₹4,000 crore sales in 5 years; to import Illva brands

Modi Illva aims to double revenues to Rs 4,000 crore in five years and is in talks to import select Illva Saronno brands, as it expands its premium portfolio and rolls out Rockford Imperial Reserve

Tilaknagar Industries up 6% on foraying into premium whisky segment

Around 1:10 PM, Tilaknagar Industries shares were trading 3.49 per cent higher at ₹504.95 per share. In comparison, BSE Sensex was trading 0.46 per cent higher at 85,574.36 levels.

India's spirits industry braces up cautiously ahead of UK FTA ratification

With tariff cuts under the UK-India FTA, spirit producers expect faster growth, price access, and stiffer competition in premium whisky

India set to become largest global scotch whisky market, says SWA chief

India is poised to become the largest global scotch whisky market in value and volume terms over the next few years, fuelled by competitive intensity, premiumisation and economic growth, Scotch Whisky Association Chief Executive Mark Kent CMG has said. Mark Kent also appreciated the rise of India's single malt whisky, saying the Scotch Whisky Association is looking for partnerships with them not only for export to the UK market but also to explore other global markets together. Noting the emergence of the Indian single malt category, some of which recently won several prestigious international accolades, the chief executive said he is going to speak with the Indian Malt Whiskey Association, as they share the same views on the importance of quality in manufacturing and working together. This is a significant opportunity for both the Indian and Scottish industries. There is an opportunity for Indian companies to boost exports of Indian single malt to the UK and forge partnerships for

UK still in talks with Trump to lift steel, whiskey tariffs: British envoy

In September, the UK and the US signed the Tech Prosperity Deal to deepen collaboration in key technology areas including AI, quantum computing and nuclear energy

South India accounts for 58% of all-India whiskey sales in FY25: Report

South Indian states dominate the sales of IMFL, accounting for 58 per cent revenue in FY25, with Karnataka retaining the top national slot by contributing 17 per cent of the pan-India volumes in FY25, according to data from industry body CIABC. Five Southern states - Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana, along with Union Territory Puducherry, have retained their dominance in the sales of the Indian-Made Foreign Liquor (IMFL), consuming 23.18 crore cases (jointly contributing 58 per cent sales) for the financial year ended on March 31, 2025. "South's dominance is near-absolute" in IMFL sales in FY25, with "the rest of India shares the remaining 42 per cent", said data sourced from the Confederation of Indian Alcoholic Beverage Companies (CIABC). However, on a pan-India level, sales volume of IMFL Whisky has declined 1.4 per cent year-on-year in FY25 to 40.17 crore cases. When asked, CIABC Director General Anant S Iyer said overall sales have been slow in FY25

Trump tariffs are uniting two whiskey heavyweights: Scotch and bourbon

Whiskey distillers say their industry is so intertwined that US tariffs will hurt producers on both sides of the Atlantic

Imperial Blue deal: Tilaknagar seeks ₹2,000 crore debt from foreign banks

Tilaknagar Industries is in talks with global banks to raise ₹2,000 crore in debt to help fund its ₹4,150 crore purchase of the Imperial Blue whisky brand from Pernod Ricard

India set to join top William Grant markets with Balvenie Fifty launch

India is a high priority market for the leading Scotch whisky and premium spirits maker William Grant & Sons, with potential to become one of its top five markets globally in the coming years, a top company official has said. The family-owned premium spirits company, which owns various brands, including Glenfiddich, Monkey Shoulder, Balvenie and Hendrick's Gin, entered India 10 years ago. And the growth in the country has been very promising, William Grant & Sons India Managing Director Sachin Mehta told PTI. The Scotland-based premium spirits maker has unveiled 'The Balvenie Fifty', a 50-year-old ultra-rare Speyside single malt scotch whisky in the Indian market. Only one bottle of The Balvenie Fifty First Edition' aged in a European oak refill cask, filled in 1973, has been made available in India, offering a unique opportunity for collectors and connoisseurs to own a piece of whisky history. When asked about its price, Mehta said: "Balvenie Fifty is probably going to be in .

India-UK FTA will grow Scotland whisky market by $1 bn: Glenmorangie chief

Caspar MacRae, CEO of The Glenmorangie Company, says the India-UK Free Trade Agreement will make whisky more affordable in India, helping the market grow by $1 billion

India-UK trade pact: Tariff cut may not impact Scotch whisky retail prices

The revised tariffs will apply to both bottled-in-origin (BIO) and bulk imports

Tilaknagar Industries in talks to acquire Imperial Blue from Pernod Ricard

Over the past five years, Imperial Blue has experienced a slow decline in overall sales volumes, with a 4 per cent drop recorded during that period

Glenwalk maker Cartel & Bros to expand into six Indian cities by 2025

Actor Sanjay Dutt-backed Cartel & Bros aims to sell 350,000 cases by FY26, with Glenwalk set to enter six Indian cities and five new global markets by year-end

Japan' Suntory renews bid for Imperial Blue as rivals face funding issues

Suntory also showed interest in the acquisition last year, but reportedly dropped out of the race due to Pernod Ricard's demand of $1 billion for Imperial Blue

Tilaknagar tops $600 mn race for Imperial Blue, to expand whisky portfolio

Tilaknagar Industries leads the race to acquire Pernod Ricard's Imperial Blue whisky brand for an estimated $600 million; deal could mark the largest deal in India's liquor industry in over a decade

Piccadily Agro targets 1 mn cases of Whistler whisky in next three years

With its elevated blend and bold new identity, Whistler is poised to disrupt the mid-premium segment: Praveen Malviya, CEO - IMFL, Piccadily Agro Industries Limited

Amrut unveils Expedition, oldest single malt whiskey aged for 15 years

Expedition matured for eight years in a specially sourced European Sherry cask, developing deep, opulent flavours

Near-term headwinds likely to keep United Breweries under pressure

The company is planning to invest Rs 750 crore in a greenfield brewery in UP, to produce mainstream and premium brands

Govt cuts import duty on bourbon whiskey to 50% amid US trade talks

India has slashed import duty on bourbon whiskey to 50 per cent as it warmed up to negotiating a mega trade deal with the US. The reduction in customs duty on bourbon whiskey was notified on February 13 just ahead of Prime Minister Narendra Modi's talks with US President Donald Trump. However, there has been no reduction in basic customs duty on import of other liquors. They would continue to attract 100 per cent duty. The US is the primary exporter to bourbon whiskey to India accounting for about one-fourth of all such liquor imported into India. As per the notification issued by the Department of Revenue, bourbon whiskey would now attract 50 per cent customs duty on its import. It was 150 per cent earlier. India has imported bourbon whiskey worth USD 2.5 million in 2023-24. The major exporting countries include the US (USD 0.75 million), UAE (USD 0.54 million), Singapore (USD 0.28 million) and Italy (USD 0.23 million). India and the US have resolved to more than double the two

Trump's proposed tariffs could mean higher costs for Canadian whisky in US

Brands like Don Julio tequila and Jack Daniel's whiskey from producers like Diageo and Brown-Forman would become more expensive for drinkers if importers hike prices to cover tariff costs