Alcobrew Distilleries

Identifying India as a key priority market, Diego Bianchi, general manager, emerging markets and barrel select at Sazerac Company

Wine producer Sula Vineyards Ltd on Wednesday reported a 4.85 per cent decline in consolidated net profit to Rs 13.55 crore in the fourth quarter ended March 2024. The company had posted a consolidated net profit of Rs 14.24 crore in the same quarter a year ago, Sula Vineyards said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 131.7 crore as against Rs 120 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 116.83 crore compared to Rs 100.83 crore in the corresponding period previous year, the company said. "Our premiumisation efforts have succeeded in raising our Elite and Premium wine share to an all-time high of 75.1 per cent in Q4, up from 71.7 per cent a year ago," Sula CEO Rajeev Samant said. Further, he said, "Our wine tourism revenues grew in double digits, for the fifth quarter in a row. Wine tourism is a top priority and we are expanding fast." Samant said after the ...

With state governments tightening their grip over liquor and Lok Sabha election restrictions creating supply chain disruptions, local brands are flooding the market

Exports are currently a small part of the company's revenue but the management expects it to gradually increase

The Indian alcoholic beverage industry could reach a market size of USD 64 billion in the next five years, said a report from ISWAI. It positions India as the fifth-largest contributor to global market revenues in the near to medium term. In 2021, the AlcoBev (alcoholic beverage) industry had an estimated market size of USD 52.4 billion (Rs 3.9 lakh crore, including country liquor), which was around 2 per cent of the nominal GDP of the country, said the report titled 'Economic Value of the Indian Alcoholic Beverage Industry'. "Projections suggest the Indian alcoholic beverage industry could reach an astounding USD 64 billion over the next five years, ensuring India's position as the fifth-largest contributor to global market revenues in the near to medium term," it said. In the fiscal year 2021, the industry contributed a significant Rs 2.4 lakh crore in indirect taxes to the state governments, representing many income streams. Customs duty on alcoholic beverages alone accounted f

Brewer Anheuser-Busch InBev (AB InBev) has reported a 30 per cent increase in sales with gains in some markets in the first half of 2023 and expects the momentum to continue in the second half, its President India & Southeast Asia Kartikeya Sharma said. The company, which is a leading player in the premium and super premium beer segment with brands like Budweiser, Hoegaarden and Corona, has reported 200-300 basis points upside in growth in large markets such as Karnataka, Maharashtra, Uttar Pradesh, Haryana and West Bengal, he said. "The beer industry grew 20 per cent from January to June 2023... We grew ahead of the industry by almost 50 per cent. So our growth was closer to 30 per cent, said Sharma in a media roundtable here. However, there are some challenges from the urban market, which is witnessing some tapering off in the demand at urban centres but Sharma is confident in maintaining the growth rate. The challenge is for us to see how in H2 we are going to sustain and ...

Its Q2 earnings before interest, taxes, depreciation, and amortization (ebitda) was down 47.4 per cent YoY and 33.2 percent QoQ at Rs 47 crore

Alcobrew is also planning a major expansion over the next two years, including starting a malt manufacturing unit in Himachal Pradesh