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Liquor
Headwinds expected in ENA prices as govt routes ethanol to oil cos for blending with petrol: Radico Khaitan
However, Radico Khaitan - maker of 8PM Whisky, Magic Moments Vodka, Rampur Single Malt Whisky and Jaisalmer Gin - said it is largely self-dependent for its ENA requirements due to owning a significant distillation capacity of 160 million litres.
In a first, USL pips Pernod Ricard in premium segment
United Spirits (USL) has outpaced Pernod Ricard in the premium segment of India’s alcohol beverages market for the first time ever in the last fiscal.Diageo-owned USL grew 13.
Bidding for retail licences to supply liquor in 12 zones of Delhi to open on Friday
Fresh bid for grant of 12 zonal retail licences for supply of Indian and Foreign Liquor, except country liquor, in Delhi during the financial year 2021-22, were issued by Delhi government on August 13.
New Excise Policy: High Court seeks response from Delhi government
Senior counsel Darpan Wadhwa, representing the petitioner, said that the new Excise Policy introduced home delivery of liquor which may impact the business of retail vendors.
Diageo-owned United Spirits outperforms Pernod Richard in premium segment
Pernod Ricard, which only sells premium and semi-premium brands, mainly Blenders Pride, Royal Stag and Imperial Blue, grew 9% during the year ended June. In comparison, Diageo-owned USL expanded 13.7% during the same period.
Bevco makes record Rs 750 crore sales during Onam season
The online sale, introduced this time as a pilot project, from one outlet each in the districts of Thiruvananthapuram, Ernakulam and Kozhikode touched over Rs 10 lakh, Managing director of Bevco, Yogesh Gupta said.
Carlsberg’s India volumes rise 40% in June quarter, says CEO Cees’t Hart
Beer sales in India grew in double digits in the quarter to June compared to the year-ago figure but were still nearly half the sales in the pre-Covid corresponding period of 2019, as most bars and restaurants across the country still operate with restricted timings and at lower capacity.
Rs 3.9 lakh crore alcohol beverage market to grow at 6.8 pc: ICRIER
The market is expected to grow at a CAGR of 6.8 per cent till 2023, it said. The industry contributes to around 15 lakh jobs. ICRIER said over 70 per cent of the growth in alcoholic beverages consumption in India in the next decade will be driven by the lower middle and upper middle-income groups, and there is a growing trend towards product premiumisation.
Beer sales grow to about half of pre-Covid levels
“Our volumes more than doubled versus prior year first quarter, reflecting the different nature of the second wave related trade restrictions and healthy underlying company performance. However, our June 2021 volumes were about half that of our volumes in June 2019,” Berend Odink, United Breweries’ chief financial officer, told analysts.
Diageo India announces equal parental leave for all employees; introduces 26-week paternity leave
Effective July 30, 2021, this policy is applicable to all new parents, and can be availed by new fathers anytime within 12 months of the birth/ adoption of the child, thereby allowing the mother to better manage her career as well as other priorities.
Alcohol companies for quid pro quo in EU, UK FTAs
The industry association has Radico Khaitan, Mohan Meakin and Amrut Distilleries, among others, as its members.
United Breweries Q1 results: Co posts net profit at Rs 31 cr
Revenue from operations rose over two-fold to Rs 2,652.63 crore during the quarter under review as against Rs 1,262.82 crore in the corresponding period of the previous financial year.
Second COVID wave hits Indian beer industry, outlook is volatile: UBL
"With the onset of a second COVID wave at the start of financial year 21/22, the beer industry is again negatively impacted, and the outlook is volatile," said United Breweries Ltd (UBL) in its latest annual report.
Demand resilient at stores, bars still a challenge: USL
“On-trade continues to be adversely impacted, both store openings and footfalls. It remained restricted and there are restrictions on capacity, on timings and the size of social gatherings around the country. So on-trade still remains subdued,” she added in her first interaction with investors after she joined the company in April.
United Spirits exits liquor delivery firm Hip Bar
The company's board had approved sales of the equity shares and CCPS to HipBar founder and CEO Prasanna Natarajan for consideration of Rs 52 lakh, USL said in a regulatory filing.
Online sale of liquor in Guwahati Municipal Corporation areas comes into force
The online sale of liquor in the first phase is limited to Guwahati Municipal Corporation area only, which may be further extended to other areas of the state by the excise authorities.
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