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Coca-Cola, PepsiCo, and Nestlé among top plastic polluters, reveals report

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Coca-Cola
Coca-Cola (Representative Image)

A recent study published this week in the peer-reviewed journal Science Advances pinpointed some of the major brands responsible for plastic pollution across six continents.

The researchers, employing a team of over 100,000 volunteers, documented over 1.8 million pieces of plastic waste. Within the study, 28,570 brand names were identified on plastic debris collected from various locations, spanning beaches, rivers, and parks across 84 countries.

They discovered that the leading five companies accounted for 24% of the branded plastic, while a total of 56 companies were accountable for more than 50% of the branded plastic.

As per the research, thirteen companies have contributed at least 1% of the total branded plastic seen in the audit events. Each of the 13 businesses manufactures tobacco, beverage, or food products. The Coca-Cola Company, the world’s largest corporation, was accountable for 11%, which was significantly higher than any other company.

Continue Exploring: Food and Beverage industry shifts away from plastic packaging: Tetra Pak study reveals growing commitment to sustainability

Following Coca-Cola in the top ten plastic polluters were other F&B giants such as PepsiCo, Nestlé, Danone, Bakhresa Group, Unilever, Wings, Mayora Indah, Mondelēz, Mars, and Salim Group. PepsiCo accounted for 5% of the identified plastic goods, while Nestlé and Danone each contributed 3% with their products.

The report emphasized, “It’s crucial to acknowledge that the contributions of the top companies could be underestimated due to unattributed brands and numerous unbranded items.” This statement was made in light of the fact that over 50% of the plastic waste discovered was unbranded.

Food and beverage products “tend to have a shorter duration of use before disposal, including a higher percent of single-use items,” according to the researchers.

The report additionally pointed out that “food and beverage products are more likely to be consumed on-the-go” compared to household and retail products, which are “more commonly consumed within buildings, reducing the likelihood of escaping materials management infrastructure and leaking into the environment.”

The researchers indicated that the findings imply a need for a “paradigm shift” in how companies report their plastic production. They emphasized that whether voluntarily or mandated by governments or international agreements, such reporting can effectively address the issue. They urged producer brand managers and policymakers to prioritize solutions aimed at reducing plastic production.

The study reached the conclusion that to tackle global plastic pollution effectively, corporate producers of plastic waste should take several key actions. These include phasing out nonessential and avoidable single-use products, adopting safe and sustainable product designs to reduce global demand for new items while enhancing reusability, repairability, and recyclability. Additionally, investing in non-plastic alternatives with superior safety and environmental profiles is essential. Lastly, supporting alternative distribution models, like refill-reuse systems, can significantly reduce pollution.

Nestlé provided a statement saying, “Over the past five years, we have reduced our use of new (virgin) plastic by 14.9%. Since initiating our voluntary commitments to tackle plastic waste five years ago, we have notably surpassed the industry average in reducing virgin plastic usage and enhancing recyclability, as per the latest report from the Ellen Macarthur Foundation.”

Continue Exploring: Amcor and Mondelēz International collaborate to introduce recycled plastic packaging for Cadbury Chocolate products

The statement continued, “We are in Ottawa this week for the UN Treaty discussions and we support a globally enforceable legal regulation on plastic waste. Nestlé has over 220 initiatives aimed at creating efficient garbage collection, sorting, and recycling programmes throughout North America, South America, Asia, Europe, and Africa. Our efforts to maintain packaging materials out of the environment and within the circular economy will not stop.

A representative from Coca-Cola’s UK division conveyed, “We prioritize minimizing the environmental impact of every beverage we offer, actively striving to decrease our reliance on plastic packaging. Our ambitious objective is to retrieve and recycle a bottle or can for each one sold by 2030. Furthermore, we endorse well-structured ‘Deposit Return Schemes’ throughout Europe, recognizing their potential to facilitate the return of our packaging.”

Danone also issued a statement, expressing, “Packaging plays a crucial role in delivering convenient, high-quality food and beverages to people worldwide while maintaining the integrity and safety of the contents. Across the entire Danone family of companies, we are firmly committed to initiatives aimed at curbing plastic waste by advancing recycling and reuse efforts. We remain dedicated to reducing our own plastic footprint, achieving an 8% reduction in plastic usage between 2018 and 2023, amounting to 62,000 tons, and enhancing the recyclability of our packaging (currently at 84% recyclable, reusable, or compostable).”

Danone echoed the sentiments expressed by both the researchers and Nestlé, underscoring the necessity of collaborative action. The dairy company stated, “While we persist in supporting and advocating for enhanced collection and recycling systems to facilitate consumer recycling, it’s imperative to address systemic obstacles hindering plastic waste reduction. These challenges include the underdevelopment of reuse, collection, and recycling infrastructures, as well as the limited availability of recycled materials. Therefore, Danone has been a staunch advocate for an ambitious and binding UN Global Plastic Treaty, which presents a significant opportunity to catalyze and expedite progress toward circularity in plastics.”

Continue Exploring: Kellanova steps up sustainability efforts with major reduction in plastic packaging

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Domino’s Pizza introduces reward program for customers who tip delivery drivers

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Domino’s

Domino’s Pizza, the American multinational pizza restaurant chain, has introduced a fresh program called ‘You Tip, We Tip’, designed to incentivize customers who tip their delivery drivers.

Customers showing appreciation to their delivery drivers with online tips will be rewarded with a $3 discount on their next online delivery purchase. This promotion kicks off on April 29th.

However, this promotion exclusively applies to customers who tip $3 or more.

The ‘You Tip, We Tip’ campaign is valid only when ordering through Domino’s channels.

Continue Exploring: Domino’s diversifies menu with introduction of New York Style Pizza in the US!

In July 2023, Domino’s inked a deal with Uber, enabling US customers to place orders via its platforms Uber Eats and Postmates.

With this new initiative, Domino’s takes the lead as the first quick-service restaurant to enable customers to tip their drivers.

Kate Trumbull, Domino’s senior vice president and chief brand officer, expressed, “Domino’s drivers have been dedicated to delivering hot, delicious pizzas since 1960, and we appreciate customers tipping them for their exceptional service since day one.”

“Nowadays, tip screens seem to pop up everywhere you go. The expectation to tip is tangible, even without any additional service. Thus, we’ve chosen to change the narrative and express our gratitude by tipping customers in return.”

Supporting its delivery drivers is one of the key focuses of this promotion.

Domino’s has encountered difficulties in maintaining adequate levels of labor, especially within its driver workforce. This tipping incentive is a component of a larger initiative aimed at enhancing employee support and retention.

Continue Exploring: Domino’s Pizza takes on upscale pizzerias in India with premium offerings and hyper-localized approach

Domino’s has been actively creating tools to improve its management of the workforce.

In late 2023, the company disclosed intentions to unveil a new labor tool, as reported by Nation’s Restaurant News. This tool is set to complement an existing forecasting tool, aiming to enhance scheduling and flexibility for its employees.

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Food prices set to ease post-June as IMD predicts above-normal monsoon in India

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Vegetables
(Representative Image)

The government anticipates a decrease in food prices after the India Meteorological Department (IMD) predicted an above-normal monsoon, as stated in the recent monthly economic review by the Ministry of Finance.

The report indicated that above-normal rainfall would result in increased crop production.

“Further relaxation of food prices is on the horizon as IMD expects above-normal rainfall during the monsoon season, which is likely to contribute to higher production,” the finance ministry’s March 2024 monthly economic review stated.

In India, food inflation dipped to 8.5 percent in March from 8.7 percent in February. The rise in food inflation is mainly attributed to higher prices of vegetables and pulses. To tackle this challenge, the government has taken steps such as imposing stock limits to curb hoarding, bolstering reserves of essential food commodities, and periodically releasing them into the open market.

Continue Exploring: Govt rolls out ‘Bharat’ rice at INR 29/kg to tackle rising food prices

Additionally, it has relaxed imports of vital food items and directed supplies through specified retail channels.

Sources within the government have disclosed ongoing negotiations with emerging markets like Brazil and Argentina for securing long-term contracts pertaining to the importation of pulses. Notably, discussions are nearing finalization for the import of around 20,000 tonnes of urad from Brazil, while negotiations for importing arhar from Argentina are also advancing toward conclusion.

The government has additionally entered contracts with Mozambique, Tanzania, and Myanmar for the importation of pulses.

Regarding vegetables, a recent report by CRISIL suggests that prices will decrease after June. The report highlights, “The IMD has forecasted an above-normal southwest monsoon in 2024. This bodes positively for vegetable prices, though the monsoon’s distribution remains critical. IMD anticipates above-normal temperatures until June, potentially maintaining elevated vegetable prices for the coming months.”

In March, vegetable inflation stood at 28.3 percent, a decrease from February’s 30 percent but significantly higher than the 8.4 percent deflation observed a year prior. Fiscal year 2024 witnessed substantial volatility, ranging from a low of -7.9 percent in May 2023 to a peak of 37.4 percent in July 2023.

The volatility, as measured by standard deviation, reached 15.4, marking the highest level since fiscal 2020.

In fiscal year 2024, vegetables accounted for approximately 30 percent of food inflation, significantly surpassing their 15.5 percent share in the food index.

Continue Exploring: Retail food inflation eases to 8.52% in March 2024 as prices of pulses and oils decline marginally

The RBI’s monetary policy has also expressed concerns regarding the rising food prices, stating that “Although a record Rabi crop is expected to alleviate cereal prices, the growing frequency of weather-related shocks presents an upward risk to food prices. Geopolitical tensions, along with their impact on oil prices, further compound this risk. Nonetheless, early indications suggest promising prospects for the Kharif crop, given the India Meteorological Department’s forecast of above-normal monsoon conditions this year.”

High food inflation continues to pose a challenge in several major economies worldwide. For example, countries like Germany, Italy, South Africa, France, and the United Kingdom are currently facing elevated food prices.

Globally, there is a pressing need for continued efforts to address food price pressures.

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US FDA probes contamination allegations in Indian spices MDH and Everest

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MDH and Everest Spices
MDH and Everest Spices (Representative Image)

The U.S. FDA is currently gathering information on products from Indian spice makers MDH and Everest after Hong Kong halted sales of some of their products for allegedly containing high levels of a cancer-causing pesticide.

An FDA representative said, “We are aware of the reports & are currently collecting more details about the situation.”

Hong Kong has stopped sales of three MDH spice mixes and one Everest spice mix for fish curries. Singapore issued a recall of the Everest spice mix, alleging that it consists of high quantities of ethylene oxide, which is unsafe for human ingestion and poses a cancer risk with long-term exposure.

Continue Exploring: Singapore recalls Everest’s Fish Curry Masala due to high pesticide levels

MDH and Everest did not respond to requests for comment.

MDH and Everest spices, highly regarded in India and distributed across Europe, Asia, and North America, are now under scrutiny by Indian regulators for compliance with quality standards, following actions taken by Hong Kong and Singapore.

Continue Exploring: FSSAI launches quality checks on MDH and Everest spice mixes following reports of high ethylene oxide levels 

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Lenskart’s FY23 revenue soars to INR 3,788 Crore; losses narrow to INR 64 Crore

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Lenskart
Lenskart

Lenskart, the omnichannel eyewear retailer, saw its consolidated operating revenue more than double to INR 3,788 crore in FY23 from INR 1,502 crore a year earlier. The Gurugram-based company reduced its losses from INR 102 crore in FY22 to INR 64 crore in FY23.

Expenses surged in tandem with the company’s expanding operations, reaching INR 4,025 crore in FY23, up from INR 1,726 crore in the previous fiscal year.

Despite facing a net loss, Lenskart disclosed earnings before interest, taxes, depreciation, and amortization (EBITDA) of INR 404 crore in FY23, a significant increase from INR 1 crore in the preceding fiscal year.

According to regulatory filings sourced from Tofler, a substantial portion of the expenditure was allocated to the cost of materials consumed, totaling INR 1,132 crore, accompanied by additional expenses amounting to INR 1,438 crore.

Lenskart remained profitable on a standalone basis, posting a net profit of INR 138 crore in FY23, marking a significant 25-fold increase from the previous fiscal. Standalone operating revenue amounted to INR 2,375 crore.

Snackfax reported on Thursday that Singapore’s Temasek and US-based asset manager Fidelity are in advanced talks to invest approximately $200 million in Lenskart through a secondary share sale, valuing the company at about $5 billion. Although Lenskart is projected to have concluded FY24 with a revenue of INR 5,500 crore, audited financials have not yet been filed with the Registrar of Companies.

Continue Exploring: Lenskart set to secure $200 Million funding from Temasek, Fidelity

Established in 2010, the company runs approximately 1,500 retail outlets across the country, in addition to its own online platform. Lenskart has inaugurated its largest manufacturing facility in Rajasthan.

In March of last year, Lenskart secured a total of $600 million in funding, marking one of the largest funding rounds for an Indian venture in 2023. The investment came from Abu Dhabi Investment Authority and ChrysCapital. This round comprised a notable secondary component, and it involved early investors like Chiratae Ventures selling their stake in Lenskart.

According to data from research firm Tracxn, the startup has accumulated a total funding of $1.7 billion, which includes proceeds from secondary share sales.

Lenskart runs approximately 1,500 retail outlets across India, in addition to its online platform. In 2022, the company executed a significant acquisition by purchasing Japan’s Owndays, with the objective of expanding into other Asian markets.

In September of last year, Lenskart’s subsidiary Neso Brands made a $4 million investment to acquire a “significant stake” in the Paris-based omnichannel eyewear brand Le Petit Lunetier. This acquisition aligns with Neso’s strategy, and Lenskart anticipates retailing such global brands across all its markets.

In December 2023, it was reported that Lenskart is strategizing to launch 300-400 stores in Southeast Asia within the following two years. At that time, the company had already established 70 stores in Singapore and intends to broaden its presence into Thailand and the Philippines.

Continue Exploring: Kidswear brand Includ raises $1.5M in seed funding led by Incubate Fund Asia

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Tata’s Trent set to outshine competitors as low-priced apparel draws in young buyers

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Trent
Trent (Representative Image)

Despite sluggish demand and restrained consumer spending, Tata‘s Trent is expected to have outperformed other Indian apparel chains last quarter by rapidly opening more of its youth-focused, low-priced stores.

Zudio, offering a range from dresses to perfume priced under INR 999 rupees ($12), appeals to young consumers seeking frequent wardrobe updates within a constrained budget.

Meanwhile, competitors have had to increase prices to offset rising costs, with shoe retailer Metro Brands even removing footwear priced below INR 1,000 rupees from its shelves. These price hikes further dampen sales, especially as consumers remain cautious about spending due to persistent inflationary pressures.

Continue Exploring: Tata Group’s Zudio makes big move with first flagship store launch in Noida

Arvind Singhal, chairman of business management consultancy Technopak Advisors, said, “A strong performance by Trent positions it as a standout, especially when compared to the underwhelming performance of its direct and indirect competitors.”

Three analysts surveyed by LSEG anticipate that Trent, the operator of Westside department stores, will experience a notable 46.1% surge in revenue to 31.90 billion rupees for the March quarter. This growth would signify the 11th consecutive quarter of surpassing expectations.

HDFC Securities remarked earlier this month that the organic growth in apparel and footwear, excluding Trent, continues to show a subdued trend.

In recent quarters, other apparel retailers such as Shoppers Stop and Tommy Hilfiger-licensee Arvind Fashions have reported modest growth compared to Trent, which introduced Zudio in 2016.

As of December 31, Zudio has expanded its presence with 460 stores across India, contributing to Trent’s total store count of 715.

In contrast, Shoppers Stop operated 105 department stores, Aditya Birla Fashion and Retail, the owner of Pantaloons, managed 4,753 stores, and V-Mart Retail, the operator of Unlimited, had 454 stores.

Continue Exploring: Tata Group eyes expansion with potential stake purchase in Fabindia’s apparel business

According to Singhal from Technopak, Trent’s competitors have attempted various formats instead of maintaining a clear focus, whereas Zudio is adopting a more gradual approach, first establishing itself in clothing before venturing into footwear.

Analysts anticipate that the introduction of new stores by Reliance Industries and Aditya Birla offering affordable apparel will not impact Trent’s growth trajectory.

Axis Securities analyst Preeyam Tolia mentioned that Trent is poised to maintain robust double-digit growth due to its expansion strategies, with newer players expected to capture market share from independent stores, which constitute the majority of Indian apparel sales.

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Decathlon India names Sankar Chatterjee as new CEO

Sankar Chatterjee
Sankar Chatterjee

Decathlon, the sports retailer, has named Sankar Chatterjee as its new Chief Executive Officer for India.

Chatterjee took up the position of CEO for the company in February 2024, as stated on his LinkedIn profile. With over 13 years of experience with the brand, Chatterjee previously served as the Country Digital Leader for Decathlon Sports India.

On his LinkedIn profile, he states, “Bringing over two decades of diverse experience in the sports industry, I currently hold the position of CEO at Decathlon Sports India. Leading a dynamic team of more than 5,000 dedicated individuals, we are committed to our shared mission of making sports accessible and enjoyable for all Indians.”

Continue Exploring: Decathlon accelerates investments in India, eyes production expansion and retail growth

Chatterjee led the digital overhaul of Decathlon India, crafting a cohesive network of e-commerce, digital marketing, technology, data management, customer engagement, and logistics. Additionally, he played a pivotal part in the launch of Decathlon Connect stores across India.

Decathlon verified the development but refrained from commenting on any further alterations within the senior management in India.

Earlier this year, Decathlon’s global CEO Barbara Martin Coppola stated that India ranks among the top ten global markets, experiencing growth at a rate double that of others.

Continue Exploring: Decathlon sets sights on India as a ‘top priority’ market, eyes top five global position

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Patanjali Foods mulls acquisition of Patanjali Ayurved’s non-food business to boost product portfolio

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Patanjali Foods
Patanjali Foods

Patanjali Foods Ltd, which is mainly into edible oils, said that it will evaluate a proposal to acquire the non-food business of promoter group Patanjali Ayurved, led by Baba Ramdev. Patanjali Foods stated in a regulatory filing that its board reviewed the initial proposal it received from Patanjali Ayurved Ltd to sell the latter’s non-food business endeavour to the company.

“The board granted preliminary approval to explore the most efficient method of enhancing synergies with the non-food portfolio of Patanjali Ayurved, ensuring a fair and independent evaluation,” stated the filing.

The board also authorized officials to conduct due diligence, engage professionals, negotiate proposal terms, and report their findings to the Audit Committee and the board for further consideration.

Continue Exploring: Patanjali Foods targets INR 1,000 Crore sales in masala segment, eyes new growth frontiers

In a move to bolster its product lineup, Patanjali Foods purchased the biscuits business of Patanjali Natural Biscuits Pvt Ltd for INR 60.03 crore in May 2021.

In addition, the company acquired the noodles and breakfast cereals division for INR 3.50 crore in June 2021, followed by the food business in May 2022 for INR 690 crore from Patanjali Ayurved.

Patanjali Foods stated that the proposal from Patanjali Ayurved “has the potential to bring synergies to the company’s product range through a variety of brands, thereby enhancing revenue and EBITDA growth.”

Established in 1986, Patanjali Foods Limited (previously recognized as Ruchi Soya Industries Ltd) stands as a prominent player in the FMCG sector.

The company operates in the edible oil, food and FMCG, and wind power generation domains through a portfolio of brands such as Patanjali, Ruchi Gold, Nutrela, and others.

Continue Exploring: Patanjali Ayurved teams up with Ongo to launch open-loop co-branded prepaid cards

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Nestle shareholders reject proposal to reduce sales of ‘unhealthy’ products

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Nestle
Nestle

In a recent Nestle shareholders’ meeting, attention was drawn to the sugar content in infant milk sold in less affluent areas. This discussion, prompted by a recent study, took place on April 18 and focused on critical decisions concerning Nestle’s product offerings.

ShareAction, an NGO focused on responsible investment, put forth a motion pressing Nestle to reduce the sales of food and beverage items containing high levels of sugar, salt, and fats. The proposal aimed to boost the percentage of sales derived from healthier products, requiring Nestle to disclose sales data categorized by the healthiness of the products and establish corresponding targets.

ShareAction stated, “While Nestle expresses a commitment to enhancing global health, the bulk of its worldwide sales in food and beverages consist of unhealthy products. Unhealthy diets are shortening lives by fueling conditions like diabetes, heart diseases, and certain cancers.”

However, Nestle rejected the claim that the majority of its products are unhealthy. In its statement, it argued that “people can enjoy indulgent products in moderation” and underscored that individuals have the autonomy to make healthy choices.

Continue Exploring: Nestle faces regulatory heat as FSSAI launches probe into Cerelac sugar controversy

However, Nestle shareholders voted against this proposal, with only 11% in favor, expressing concerns about limiting the company’s “strategic freedom.” Nestle responded by affirming that individuals should have the liberty to enjoy indulgent products in moderation, highlighting the importance of personal responsibility in making healthy choices.

ShareAction condemned Nestle’s dismissal, advocating for the adoption of internationally recognized standards to define healthy food. They contended that Nestle’s significant global impact on consumer diets demands a shift towards healthier products, ultimately benefiting communities worldwide.

ShareAction urged Nestle “to adhere to globally recognized standards for defining healthy food, rather than diverging from reputable guidelines.” Additionally, they emphasized, “As the largest food company globally, Nestlé wields significant influence over the diets and lives of billions through its production, advertising, and sales. A shift away from unhealthy product sales by Nestlé would undoubtedly foster healthier communities worldwide and, in the long run, contribute to economic well-being.”

Continue Exploring: Nestle India responds to sugar concerns in baby food, highlights 30% reduction in added sugars over 5 years

In 2023, Nestle set a goal to increase the sales of healthier food items by 50% by 2030. Nonetheless, ShareAction voiced apprehensions that this objective might merely mirror Nestle’s projected growth trajectory, lacking substantial influence on consumer eating habits and public health.

Previously, Action on Sugar criticized Nestle for the high sugar content found in cereals and yogurts targeted at children. Their research revealed that 65% of the surveyed yogurts contained one-third of the daily maximum sugar recommendation for 4-6 year-olds, based on the manufacturer’s suggested serving size.

The outcome of the Nestle shareholders’ meeting highlights continuing discussions regarding the obligations of food companies in advocating for healthier diets. Despite Nestle’s establishment of targets to enhance the sales of nutritious items, doubts linger regarding the company’s dedication to mitigating the impact of its products on consumer health. ShareAction’s push for more stringent standards mirrors the escalating worries about the global food industry’s responsibility in tackling public health issues.

Continue Exploring: FSSAI collecting pan-India samples of Nestle’s Cerelac baby cereals: CEO

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India’s alcoholic beverage market surges to record highs, premiumization and home consumption drive growth

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Liquor
(Representative Image)

India’s appetite for alcoholic beverages is rising at an unprecedented rate, fueled by a burgeoning middle-class demographic and its enduring love for whiskey. Over the course of almost a decade, the domestic spirits market has experienced a remarkable surge, with annual sales increasing by 100 million cases, soaring from 228 million cases in FY11 to 330 million in FY18.

However, following a downturn during the pandemic when the spirits market dipped to 311 million cases in FY21, it swiftly rebounded, adding approximately 100 million cases in annual sales within a mere three years. According to industry executives, citing the latest excise department data, sales surged to 412 million cases in FY24.

Annual sales growth in India since FY21 have surpassed the total spirits consumption of the UK, France, and Spain combined.

This is despite market growth slowing to 4% in the year ended March 31, which is a third of the growth rate seen in the previous two fiscal years. Companies attribute this phenomenon to the thriving demand across various categories and price ranges. Particularly, there’s a surge in demand for premium products and a noticeable trend toward at-home consumption.

Continue Exploring: Premiumization trend to fuel India’s soaring liquor industry, Crisil Report reveals

We believe consumers should prioritize quality over quantity in their drinking choices. With 20 million individuals reaching legal drinking age in India annually, our focus remains consistently on promoting diverse drinking experiences rather than sheer volume. Despite this, India’s per capita alcohol consumption remains relatively low compared to many developed nations, indicating significant potential for growth in the years ahead,” stated Vikram Damodaran, Chief Innovation Officer at Diageo India.

Although the spirits industry has returned to stable growth levels following the 12-15% spikes witnessed in the post-Covid years, premiumization has remained a consistent trend across categories, contributing to overall value growth.

Of India’s almost 1.4 billion people, roughly 300 million are of legal drinking age. However, over half can only afford low-cost, unbranded spirits. The fast rising middle-class population that can afford premium-and-above liquor brands is approximately 150 million.

“In recent years, we’ve witnessed a notable transformation in consumption behaviors driven by premiumization and increased out-of-home consumption. Premiumization remains a strong force in our industry, propelled by the dynamic economy, rising disposable incomes, and evolving consumer aspirations. This trend is especially encouraging as consumers increasingly emphasize value over volume, resulting in sustained double-digit growth across premium categories,” remarked Jean Touboul, CEO of Pernod Ricard India.

He expressed optimism regarding the overall outlook for the Indian alcobev industry.

Continue Exploring: Bacardi India intensifies focus on premiumization as demand for high-end spirits surges

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