Diageo

Diageo submits financial documents in Delhi police corruption investigation

The documents submitted included certain bank statements, records of financial dealings with the Delhi city agencies

Diageo India's CEO summoned by Delhi city police in liquor payments case

A spokesperson for Diageo India confirmed receiving the Delhi police notice and said the company would fully cooperate and was "in the process of providing the information sought"

Diageo names Nik Jhangiani as new CFO as it recovers from profit warning

Diageo shares rose by more than 1.5% in early trading, outperforming the FTSE 100 index

Diageo India focuses on value over volumes business, says CIO Damodaran

Vikram Damodaran, Chief Innovation Officer (CIO), Diageo India, talks about the company's growth strategy and expansion plans, in an interview with Ayushman Baruah and Aneeka Chatterjee in Bengaluru

India's love of homegrown single malts is shaking up Pernod, Diageo

As India comes into its own as a maker, not just consumer, of whisky, its single malts are reshaping the country's $33 billion spirits market

Deepika Warrier steps down as Diageo CMO, Ruchira Jaitly likely to succeed

Ruchira Jaitly, who is currently the executive vice president of marketing at Diageo, is most likely to succeed Warrier

Spirits maker Diageo is 'positive' about the opportunity in India

Spirits maker Diageo India is "positive" about the opportunity in India and advocated for an inflation-indexed price increase and a harmonised tax structure for the liquor sector in the country. Diageo India MD & CEO Hina Nagarajan said there are frequent changes at the policy level by the state governments. "Our desired state would be if we could get inflation-indexed price increases. Even an industry which is quite regulated like pharmaceuticals gets that, so our request to the government is please look at some of these models," said Nagarajan. She is "optimistic" about this and said "hopefully" it will come as they are working along with the governments on this proposal. The British spirits maker is "positive" about the opportunity as a whole in India and advocated for placing alcohol under the GST regime, which would have collateral benefits of shutting down the illicit liquor trade, making it a far more controlled industry even for the state governments. She said ...

India at inflexion point, company to continue double-digit growth: Diageo

Indian market is at a "great inflexion point", Diageo India MD & CEO Hina Nagarajan on Wednesday said, adding the company would continue its double-digit profitable growth journey, with a special focus on premiumisation and innovations. The company is looking the growing economy, the addition of the youth population, growing aspirations and occasions and increasing consumption of premium liquors among women as drivers for the growth in the country. The company has reshaped its portfolio with renovation and innovations on its mid and upper Prestige portfolio and sales of its Scotch brands are "accelerating", she said. Diageo India's Prestige level starts from McDowell and goes to Johny Walker and single malt whisky. "Our focus would be on these categories and there is room for innovation and renovation in all these segments. There is room for premiumisation in each of the segments," said Nagarajan in a press meet here. When asked about its innovation-to-sales ratio, she said, "our

We'll be only co in India with play in both beer and spirits: Inbrew chief

In a Q&A, Ravi Deol talks about why he acquired these mass brands and the Inbrew Holdings' plans to grow the business

United Spirits board okays sale of select liquor brands, reshape portfolio

USL's popular portfolio comprises around 30 entry-level lower-priced liquor brands, with an average price less than Rs 400

United Spirits to sell 32 liquor brands to Ravi Deol's Inbrew for Rs 820 cr

USL will retain McDowell's and Director's Special whiskey as it gives up labels like White-Mischief vodka and Honey Bee brandy.

Diageo India to buy minority stake in gin-maker Nao Spirits for Rs 31.5 cr

Diageo-controlled United Spirits Ltd (USL) on Saturday said it will acquire a minorirty 22.5 per cent stake in Nao Spirits for Rs 31.5 crore. Diageo India will also have a call option to acquire the remaining shares on "pre-agreed principles" in Nao Spirits & Beverages Private Ltd, a joint statement said. Launched in 2016 by Anand Virmani, Nao Spirits is an emerging craft gin company in India, with brands 'Greater Than' and 'Hapusa'. "Nao Spirits provides Diageo India with an opportunity to strengthen its participation in the fast-growing premium gin segment in India," it said. Diageo India MD and CEO Hina Nagarajan said, "As a company built from founder-led brands, we are excited to make our first move in India to support bold and path-breaking entrepreneurs. Over the last three years, the Indian market has witnessed the emergence of multiple craft gin players and Nao Spirits has been a game changer in the category." While Nao Spirits & Beverages Co-Founder CEO Virmani said,

Diageo India announces equal parental leave for all employees

Diageo India on Monday said it is providing its employees a 26-week parental leave, comprising all benefits and bonuses, irrespective of gender or sexual orientation under its family leave policy.

Diageo incurred 2-mn-pound loss on sale of India wine business in FY20

Talking about consumption preferences, Diageo said consumers who drink alcohol are increasingly choosing spirits over beer and wine

Flipkart eyes alcohol delivery market with Diageo-backed startup: Report

West Bengal and Odisha governments have said that Flipkart can be associated as a technology service provider of Diageo -backed HipBar, an Indian alcohol home delivery mobile app

Diageo full-year sales plunge as demand in bars, restaurants dries up

On Tuesday, the company reported an 8.4% drop in organic sales for the year ended June 30

Delisting spree: Investors in India betting on which companies will be next

In the last two months, the majority owners of Vedanta, Adani Power, and Hexaware Technologies have proposed buying out all publicly traded shares amid the coronavirus-induced sell-off in stocks

Covid-19 impact: Diageo India launches programme to help recover bars, pubs

Their top priorities included hygiene measures, digital support and practical equipment and training to transform how their outlets will work when they reopen

Battling gender bias: Diageo, MG Motor rework ad norms to break stereotypes

At MG Motor, the company is working with select panchayat committees to encourage more women graduates to join the auto industry and to ensure a better diversity mix at its showrooms

Maharashtra excise slaps notice on Diageo; demands Rs 530 mn as penalty

The notice stated that upon examining the company's records, it was found that excise duty amounting to Rs 177.6 million was evaded on 5,92,085 litres of whiskey