United Spirits
Danish brewer Carlsberg’s global CEO, Jacob Aarup-Andersen, sta͏ted that ͏the company does not require ͏a n͏ew strategy for the ͏Indian market,͏ even aft͏er ͏fina͏lising ͏i͏ts acquisition ͏of full͏ o͏wnership i͏n a mark͏et that ͏i͏s ex͏p͏and͏ing four...
As par͏t of its͏ strategy to tap into e͏mergi͏ng growth sectors͏, United Spirits h͏as inv͏es͏te͏d ͏i͏n͏ V9 Beverages, a non-alcoholic company, and Indie Brews and Spirits, a mild coffee-based alcoholic beverage firm.The c͏ompany will͏ acquire a...
Breaking News
One-third of the world’s fastest-growing spirits brands are Indian: Report
One third of͏ the 30 fastest-growing spirits brands in t͏he͏ wo͏rld are Indian, according͏ to the latest report b͏y Drinks International. Moreo͏ver, six of...
Big liquor and beer brands to make a comeback in Andhra Pradesh
Many liquor brands that had disappeared from shelves over the past five years are making a comeback in Andhra Pradesh, as per a report...
From party ender to party starter: Tequila sales double in India, becoming fastest-growing spirit
Tequila used to be synonymous with the end of a party, marked by the familiar three-step ritual: salt, shot, and lime. But times have...
United Spirits reports INR 384 Cr net profit in Q4, driven by strategic initiatives and premiumization
Diageo India, operating under United Spirits Ltd and a subsidiary of the British liquor powerhouse Diageo, has reported a substantial 88% surge in standalone...
United Spirits acquires 15% stake in alcohol beverage brand Pistola
United Spirits, a leading player in the spirits industry, has acquired a 15% stake in Inspired Hospitality, the parent company of the alcohol beverage...
United Spirits faces INR 5.51 Crore tax demand over non-submission of statutory forms
United Spirits Ltd has stated that it has received a tax demand of INR 5.51 crore, including interest, for the non-submission of certain statutory...
United Spirits hit with INR 4.47 Crore tax demand by Maharashtra State Authorities
Liquor maker United Spirits, now Diageo India, on Wednesday said it has received a tax demand of INR 4.47 crore from the Maharashtra state...
FMCG giants boost advertising spend, surpass pre-Covid levels amid economic boom
In the December quarter, advertising expenses as a proportion of sales at leading fast-moving consumer goods (FMCG) companies exceeded pre-Covid levels for the first...
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...
Diageo India launches micro-enterprise initiative empowering smallholder women farmers and tackling crop wastage in Nashik
Diageo India (United Spirits), a major player in the alcoholic beverage industry, has launched a micro-enterprise program to empower women farmers with small holdings...
India’s consumer market sees contrasting trends: Premium brands soar as mass-market products struggle to keep pace
Hindustan Unilever and United Spirits collectively showcase a juxtaposition that appears to underscore the prevailing purchasing patterns in India's consumer market. While premium brands...
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...