Whisky

DeVANS forays into premium lager, expands six fields with Brute and Pilsner

Six Fields Brute is the first strong lager variant in the iconic range, embodying a robust, full-bodied beer that promises a rare experience for bold consumers

Pernod Ricard to sell Imperial Blue whisky, shift focus to premium labels

The world's second-largest spirits company has reportedly enlisted Goldman Sachs to facilitate the sale, which could fetch up to Rs 5,000 crore

Govt eyes $1 bn exports of alcoholic beverages in next few years: APEDA

With the global demand for Indian spirits growing at a healthy rate, the government is planning to promote both Indian alcoholic and non-alcoholic beverages in the international markets and is eyeing USD one billion (about Rs 8,000 crore) exports in the next few years. The commerce ministry's arm APEDA (Agricultural & Processed Food Products Export Development Authority) said that India currently ranks 40th in the world for alcoholic beverage exports. As per estimates, the country has huge unrealised export potential. The authority, as part of the 'Make in India' initiative, has been targeting to increase exports of Indian spirits to major foreign destinations. "It is potentially eyeing USD 1 billion in export revenue over the next few years," it said in a statement on Wednesday. The country's alcoholic beverages exports stood at over Rs 2,200 crore in 2023-24. The major destinations include UAE, Singapore, Netherlands, Tanzania, Angola, Kenya and Rwanda. APEDA also said that ...

Indri whisky's approval for CRPF Depots sends this alcohol stock soaring 5%

Piccadily Agro share price surged up to 4.99 per cent at Rs 788.45 per share on the BSE in Thursday's intraday deals

Officer's Choice whisky maker Allied Blenders' IPO subscribed 51% on Day 1

The initial public offer of Allied Blenders and Distillers, the maker of Officer's Choice Whisky, received 51 per cent subscription on the first day of bidding on Tuesday. The Rs 1,500-crore initial share sale received bids for 2,01,69,680 shares against 3,93,71,669 shares on offer, as per NSE data. The category for non-institutional investors received 87 per cent subscription while the Retail Individual Investors (RIIs) part got subscribed 63 per cent. The Qualified Institutional Buyers (QIBs) portion received 2 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 1,000 crore and an offer for sale of up to Rs 500 crore. The initial share sale has a price range of Rs 267-281 a share. Allied Blenders and Distillers Ltd on Monday said it raised Rs 449 crore from anchor investors. Proceeds from the fresh issue worth Rs 720 crore will be used for the payment of debt, and a portion will be used for general corporate purposes. With a market share of over

Alcobev players ramp up single-malt portfolio to cater to surge in demand

On market expansion, DeVans plans to make a significant entry into Maharashtra this year while also strengthening its foothold in Goa

Officer's Choice maker Allied Blenders to float Rs 1,500 cr IPO on Jun 25

Allied Blenders and Distillers Ltd, the maker of Officer's Choice Whisky, is set to launch its Rs 1,500 crore initial public offering (IPO) on June 25. The initial share-sale will conclude on June 27 and the bidding for anchor investors will open for a day on June 24, according to the red herring prospectus (RHP). The initial share-sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-for-Sale (OFS) of shares to the tune of Rs 500 crore by promoters. As a part of the OFS, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev and Neesha Kishore Chhabria will sell shares. Proceeds from the fresh issue worth Rs 720 crore will be used for the payment of debt, besides, a portion will be used for general corporate purposes. The total debt on the company's books was around Rs 808 crore as of December 2023. Allied Blenders and Distillers, which filed preliminary IPO papers with Sebi in January, obtained its nod in May to launch the public issue. With a marke

Indri sells 100,000 cases, turns world's fastest growing single malt whisky

The Indian alcoholic beverages industry is set for improved profit margins and heightened sales in FY25, says ratings agency

Wine, spirits importers urge states for inflation-linked pricing policy

Premium spirits and wine importers' body ISWAI has urged state governments to implement an inflation-based pricing model, highlighting that industry margins have shrunk due to a rise in raw material costs. As the cost of raw materials used to produce alcohol has gone up substantially and theP of liquor has not been revised in recent years, very little is left for the trade and manufacturers while state governments are taking away as high as 60-80 per cent of the share, according to International Spirits & Wines Association of India (ISWAI) CEO Nita Kapoor. ISWAI is also pressing for rationalisation of excise duty imposed by some state governments, as they try to maximise the revenue collections, and said it will not help in growing volumes. "The industry and manufacturers are now facing a lot of pressure. It's like their back against the wall because if in theP, states share is roughly about 60 to 80 per cent, then what is being left on the trail and the sub-manufacturer is to ...

Alcobrew Distilleries eyes higher exports with launch of single malt whisky

Exports are currently a small part of the company's revenue but the management expects it to gradually increase

India could soon be our next launch pad, says Irish Distillers CEO

Nodjame Cecile Fouad tells about the opportunities in India and the brand's expansion plans

Trademark infringement: SC directs 'London Pride' to consider new packaging

The Supreme Court on Monday directed a Madhya Pradesh-based company which manufactures and sells whisky under the trade mark 'London Pride' to inform if it was willing to change the trade dress and colour of its product as they were similar to liquor major Pernod Ricard India Pvt Ltd's 'Blenders Pride' and 'Imperial Blue' whisky. A bench headed by Chief Justice D Y Chandrachud asked senior advocate S Muralidhar, appearing for brand 'London Pride', to seek instructions and inform it about the company's response by the next date of hearing. "Why have you ('London Pride') adopted the same trade dress and colour and all? Get instructions on whether you will change the trade dress and colour (visual appearance of a product)," the bench, also comprising Justices JB Pardiwala and Manoj Misra, said. The apex court said it will hear arguments on the issue of trademark dispute on names at the next hearing. The legal battle over the alleged infringement of trademark of the whisky brands ...

Officer's Choice whisky maker Allied Blenders files IPO papers with Sebi

Allied Blenders and Distillers Ltd, the maker of Officer's Choice Whisky, has refiled preliminary papers with the capital markets regulator Sebi to raise Rs 1,500 crore through an Initial Public Offering (IPO). The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-For-Sale (OFS) of shares to the tune of Rs 500 crore by promoters, draft papers file with Securities and Exchange Board of India (Sebi) showed on Thursday. As a part of the OFS, Bina Kishore Chhabria, Resham Chhabria, Jeetendra Hemdev and Neesha Kishore Chhabria will sell shares. Out of the total proceeds from the fresh issue, Rs 720 crore will be used for the payment of debt, besides a portion will be used for general corporate purposes. As of December 2023, the company had a debt of around Rs 808 crore, according to the draft papers. With a market share of 8.2 per cent in Indian-Made Foreign Liquor (IMFL) in fiscal 2023, Allied Blenders and Distillers had earlier filed draft

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

Whisky woos young Chinese as top distillers target growing market

A distillery in southwestern China is aiming to tap a growing taste among young Chinese for whisky in place of the traditional baijiu liquor used to toast festive occasions. The more than USD 100 million distillery owned by Pernod Ricard at the UNESCO World Heritage site Mount Emei launched a pure-malt whisky, The Chuan, earlier this month. The French wine and spirits group says it is produced using traditional whisky-making techniques combined with Chinese characteristics including locally grown barley and barrels made with oak from the Changbai mountains in northeastern China. Chinese terroir means an exceptional and unique environment for aging, including the water source here top-notch mineral water. The source of water at Mount Emei is very famous," says Yang Tao, master distiller at the distillery. A centuries-old drink, whisky is relatively new to China, but there are already more than 30 whisky distilleries in the mainland, according to the whisky website Billion ...

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

Raising the bar: How Indian whisky brands are making a splash in West

Whisky consumption in India is set to reach 289.49 million cases by 2027-28, according to a Research and Markets report

A rare 1926 Macallan whisky sold for a record price at a Sotheby auction

A 1926 Macallan whisky created history by selling at a record price of Rs 22 crore at a Sotheby auction in London. The whisky also has a label of Valerio Adami

This Indian single malt won the best whisky award in 2023

India's Indri whisky awarded world's best single malt; all you need to know

Indri whisky is the first Indian whisky to win this renowned award