Liquor
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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...
Noida administration urges residents to report cross-border liquor purchases; unveils fines for offenders
The Noida administration has urged residents to report cases of people purchasing alcohol from Delhi or Gurugram to consume in Uttar Pradesh. This move...
Liquor outlets to remain shut in Uttar Pradesh on January 22 for Ram Temple ceremony
The Uttar Pradesh Government has announced the closure of liquor outlets across the state, including cities such as Noida and Greater Noida, on January...
Delhi’s excise department rides high on soaring liquor sales, notching a 9% revenue surge in Q3 2023-24
Riding the wave of increased sales attributed to a growing number of shops and improved brand availability, the revenue of Delhi government’s excise department...