Wines

Wine industry expects rebound in FY26 after consumption slowdown last year

The wine industry expects a normalised domestic macro environment to come as a boost in the current fiscal after suffering setbacks in 2024-25, which saw urban consumption slowdown and growth taking a "temporary pause", according to the annual report of Sula Vineyards Ltd. The impact of urban consumption slowdown was more 'stark' on the wine segment versus other AlcoBev categories, as it is a predominantly urban drink, according to the report. The wine demand was also impacted by multiple temporary regulatory and other market disruptions, including general elections and state elections in key markets such as Maharashtra, Sula Vineyards Founder and CEO Rajeev Samant said in the report. "After 3 years of strong growth, FY25 was more a year of demand reset for the Indian wine industry," he said, adding, "But the good news is that these setbacks are now behind us as we look forward to a more normalised domestic macro environment going into FY26." However, despite challenging market ..

Trump's proposed 200% tariff on EU wines will hit demand, say US sellers

The United States is suddenly looking less bubbly for European wines. President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey. Wine sellers and importers said a tariff of that size would essentially shut down the European wine business in the US. I don't think customers are prepared to pay two to three times more for their favorite wine or Champagne, Ronnie Sanders, the CEO of Vine Street Imports in Mt. Laurel Township, New Jersey, said. Jeff Zacharia, president of fine wine retailer Zachys in Port Chester, New York, said 80% of the wine he sells is from Europe. Importers depend on European wines for a big part of their distribution system, he said, and there's not enough US wine to make up for that. This is just going to have a major negative impact on the whole US wine industry in all aspects of it, including U.S. wineries, he said. Zacharia said there are

Trump threatens 200% wine tariff if EU does not remove whiskey tariff

This comes a day after Trump pledged more tariffs after his government's 25 per cent tariffs on all steel and aluminium imports invited retaliatory action from the European Union and Canada

Pernod Ricard to set up malt distillery, maturation facility in Maharashtra

Wine maker Pernod Ricard India on Monday said it will set up a malt distillery and maturation facility in Maharashtra as part of the company's plan to invest up to Rs 1,785 crore in 10 years. The ground-breaking (Bhoomi Pujan) ceremony for the upcoming plant was held at Butibori, Nagpur in the presence of the state's Deputy Chief Minister Devendra Fadnavis, the company said in a statement. It is a significant first step in the realisation of the company's Memorandum of Understanding (MoU) with the government of Maharashtra, signed on February 23, 2024, the statement said. The agreement also underscores Pernod Ricard's commitment to India, backed by a projected investment of up to Rs 1,785 crore over a span of 10 years, the company said, adding that it has already committed about Rs 100 crore of investment in the state. The upcoming plant, the company's largest in Asia with annual production capacity of 13 million pure alcoholic litres, will produce world-class malt spirit, it ...

Sula Vineyards jumps 4% as wine tourism clocks record revenue over weekend

So far this calendar year, the stock of this wine producer has surged 54 per cent, as against a 7 per cent rise in the S&P BSE Sensex

Sula Vineyards sets price band at Rs 340-357 per share for IPO

The public issue will be entirely an offer for sale (OFS) aggregating to 26,900,532 equity shares by the promoter, investors and other shareholders

300 liquor stores, 4 microbreweries: Host of changes for tipplers in Delhi

Delhi is set to return to the old liquor excise policy regime, which includes opening 300 new liquor shops, and four microbreweries in the city

Art, jewellery, cars, stocks, real estate: Where do the ultra-rich invest?

According to Knight Frank report, art emerged as the top investment avenue

Maharashtra government allows wine shelves in stores, supermarkets

Maharashtra is the largest producer of wines in the country with annual production of 17 million liters

Two Muzaffarnagar distilleries produce 11.08 cr litre wine since Apr 2020

Two distilleries - Mansurpur and Triveni Alco - have produced 11.08 crore litre of wine since April 2020, and the Uttar Pradesh government received Rs 2,826 crore in revenue from them

LVMH's Moët Hennessy teams up with Campari in wines, spirits e-commerce

LVMH's Moët Hennessy and Italy's Campari have agreed to team up to invest in wines and spirits e-commerce companies and create a European ecommerce player in sector

Wines as expensive as luxury cars at Christie's sale of fine, rare spirits

The selection spans over 240 years, from a bottle of Madeira 1775 to Bordeaux 2015, says Edwin Vos, the international head of fine wines at the British auction house.

The best of Indian wines

The quality (and price) of wines made in India improves/increases each year and there's no question that our best wines are today much better than most imported wines priced at the same level.

A long, dry summer

A silver lining in the dark clouds of this 10-week lockdown and the attendant downturn in the economy is the possibility that online ordering and home deliveries of at least wines will continue.

Wine online

It's high time that all state excise authorities considered permitting home delivery of (at least) wines.

Zooming in on lessons

The Daily Dose Red 2016 from Wine Park is a 100 per cent Cabernet Sauvignon that uses organic grapes from a single vineyard in Solapur, Maharashtra

Wines over the last decade

Wine consumption in India grew at a steady 12-15 per cent annually this past decade to reach an estimated 4.5 million cases in 2019-20

An expensive venture

Krsma Syrah Hampi Hills 2016 has lush and opulent flavours of ripe blackberries, dried black currant, and mocha on the palate, with a characteristic lingering black pepper spice note

And the best Indian wine is...

Indian wines are getting better all the time, says the author

Wines and myths

SDU Reserva Syrah 2015, adjudged the Best Indian Red at the 2017 India Wine Challenge, is aromatic and full-bodied with soft tannins and a good finish