Liquor
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Kerala’s bar hotel count skyrockets by over 2,600% in 8 years
In 2016, Kerala had one of the lowest counts of bar hotels. However, currently, the state boasts 801 operational bar hotels, marking an astounding...
Karnataka govt to revise liquor duty rates to bolster revenue and curb trade diversion
The Karnataka state government plans to adjust duty rates across the 18 slabs for Indian Made Liquor (IML) to safeguard its revenues and prevent...
Irish Distillers chairman eyes India as next big market, anticipates second-highest global standing
Irish Distillers chairman Nodjame Fouad expects India to become its second-largest market globally, driven by premiumisation and consumers experimenting across spirits after the Covid-19...
Uttarakhand introduces new excise policy: Allows bottling of foreign liquor, targets INR 4,440 Crore revenue in FY 2024-25
The Uttarakhand government has, for the first time, allowed the bottling of foreign liquor within the state under its new excise policy for the...
Indian spirits market sees slowed growth at 4% in 2023: Tax hikes and shifting consumption trends impact industry dynamics
The demand for spirits across various segments slowed to 4% in the previous calendar year, marking a significant decline from the 12% growth seen...
Radico Khaitan reports 22.75% rise in Q3 net profit, revenue surges by 34.1%
Radico Khaitan Ltd, a liquor manufacturer, reported a consolidated net profit of INR 75.15 crore for the third quarter ending December 2023, marking a...
Haryana takes bold step as first state to prohibit plastic bottles for locally produced liquor
Haryana Deputy Chief Minister Dushyant Chautala announced on Sunday that, beginning March 1, country-made liquor would no longer be sold in plastic bottles.This move...
Diageo and AB InBev gear up to navigate liquor sales disruptions during general elections
Diageo, the leading distiller, and Anheuser-Busch InBev, the largest brewer globally, have asserted their readiness to manage sales and supply chain disruptions anticipated during...
Consumers to feel the pinch as TASMAC announces liquor price hike of up to INR 80 in Tamil Nadu from February 1
Tamil Nadu State Marketing Corporation (TASMAC) has announced a price hike in various liquor categories, effective February 1. The state-run liquor giant will increase...
Karnataka govt announces 10% hike in beer duty, prices to surge from February
As per a TOI report, the Siddaramaiah-led government in Karnataka is planning to implement a 10 percentage point increase in the duty on beer...
United Spirits reports 63% YoY growth in Q3 net profit, reaches INR 350 Crore
In the October-December quarter, United Spirits reported a consolidated net profit of INR 350.2 crore, marking a 63 percent year-on-year (YoY) increase from the...
Supreme Court directs ‘London Pride’ whisky maker to reconsider packaging amid trademark dispute with Pernod Ricard
The Supreme Court on Monday issued a directive to a company based in Madhya Pradesh, renowned for its production and sale of whisky under...