Page 3 - Liquor Firms

Madhya Pradesh government earns record revenue from excise this year

According to the data, additional revenue of Rs 1,561 crore will be received in the year 2024-25 as compared to the previous year

Huge tax and licence raj in liquor

There is a need to avoid huge taxes and undue licensing. All this can also reduce corruption and even doubts about corruption

States have full control over industrial alcohol regulation: UP govt to SC

States' power to legislate to regulate industrial alcohol is untrammeled and complete, the Supreme Court was told on Wednesday. Senior advocate Dinesh Dwivedi, appearing for the Uttar Pradesh government, told a nine-judge Constitution bench headed by Chief Justice D Y Chandrachud that "liquor" has always been in the legislative sphere of the States and the Centre does not have any jurisdiction with regard to industrial alcohol. Excise, liquor and spirit have always been part of State jurisdiction, including industrial alcohol, he said. "The Central government has not issued any order to regulate industrial alcohol as per Section 18G of the Industries (Development and Regulation) Act, 1951. Therefore, there cannot be a case of conflict or occupied field. The field is unoccupied and the States' power to legislate to regulate industrial alcohol is untrammeled and complete," Dwivedi told the bench. The bench, which also comprises Justices Hrishikesh Roy, Abhay S Oka, B V Nagarathna, J

Death toll in Sangrur spurious liquor case rises to 20; SIT formed

The death toll due to the suspected consumption of spurious liquor in Punjab's Sangrur district has climbed to twenty, with six more persons succumbing, officials on Saturday said. Meanwhile, a four-member special investigation team (SIT), led by an additional director general of police (ADGP) rank officer, has been set up in connection with the incident. Eleven people are undergoing treatment at Patiala's Rajindra Hospital and six at the Civil Hospital in Sangrur. Sangrur Civil Surgeon Kirpal Singh on Saturday said that 20 people have died so far in the incident. The officials said that the casualties have been reported from Gujran, Tibbi Ravidaspura and Dhandoli Khurd villages in Dirba and Sunam blocks. The police have made six arrests in the case so far, they said. The AAP government has been under fire from the opposition parties Congress and the Shiromani Akali Dal (SAD) over the Sangrur hooch tragedy. A case has already been registered under Section 302 (murder) of the Ind

Wine, spirits importers urge states for inflation-linked pricing policy

Premium spirits and wine importers' body ISWAI has urged state governments to implement an inflation-based pricing model, highlighting that industry margins have shrunk due to a rise in raw material costs. As the cost of raw materials used to produce alcohol has gone up substantially and theP of liquor has not been revised in recent years, very little is left for the trade and manufacturers while state governments are taking away as high as 60-80 per cent of the share, according to International Spirits & Wines Association of India (ISWAI) CEO Nita Kapoor. ISWAI is also pressing for rationalisation of excise duty imposed by some state governments, as they try to maximise the revenue collections, and said it will not help in growing volumes. "The industry and manufacturers are now facing a lot of pressure. It's like their back against the wall because if in theP, states share is roughly about 60 to 80 per cent, then what is being left on the trail and the sub-manufacturer is to ...

Alcobrew Distilleries eyes higher exports with launch of single malt whisky

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

Indian market is a story of premiumisation, says Pernod Ricard India CEO

Jean Touboul, chief executive officer (CEO), Pernod Ricard India, speaks about India being one of the important markets globally

Tilaknagar Industries Q3 results: Profit declines 42% to Rs 43.8 cr

Indian-Made Foreign Liquor (IMFL) manufacturer Tilaknagar Industries Ltd has reported a decline of 42.32 per cent in its consolidated net profit to Rs 43.76 crore for the third quarter ended December 2023. The company had reported a net profit of Rs 75.88 crore in the October-December period a year ago, according to a regulatory filing. However, its revenue from operations surged 18 per cent to Rs 797.54 crore during the period under review. It was Rs 675.46 crore in the year-ago period. The total expenses in the December quarter rose 16.9 per cent to Rs 762.20 crore. Its total income grew 19.11 per cent to Rs 805.97 crore in the December quarter of FY24. In the quarter ended December 2023, Tilaknagar Industries' sales volumes increased to 29.5 lakh cases against 26 lakh cases in the same period last year. The company owns brands like Mansion House Brandy, Courrier Napoleon Brandy, Mansion House Gold Whisky and Blue Lagoon Gin. "In Q3 FY24, our company has achieved a year-on-yea

Radico Khaitan Q3 results: Net profit up 23% to Rs 75 cr, revenue up 34%

Liquor maker Radico Khaitan Ltd on Tuesday reported a 22.75 per cent increase in consolidated net profit at Rs 75.15 crore for the third quarter ended December 2023. The company had posted a consolidated net profit of Rs 61.22 crore in the October-December quarter a year ago, Radico Khaitan said in a BSE filing. Its revenue from operations rose 34.1 per cent to Rs 4,245.95 crore in the third quarter of the current financial year. It stood at Rs 3,166.19 crore in the year-ago period. Radico Khaitan's total expenses were up 34.28 per cent to Rs 4,152.65 crore in the latest December quarter. Shares of Radico Khaitan Ltd on Tuesday settled at Rs 1,720.95 on BSE, down 0.96 per cent from the previous close.

Kerala annual budget: Liquor, court fee pricier; investments in tourism

In order to generate additional funds for development works, the CPI(M) government in Kerala on Monday increased the liquor prices and judicial court fees in the budget presented on Monday. Excise duty on Indian-made foreign liquor (IMFL) has been hiked by Rs 10 per litre to generate revenue of Rs 200 crore, state Finance Minister K N Balagopal said while presenting the fourth budget of the second Pinarayi Vijayan government. Court fee and electricity duty on those generating their own electric power have also increased in the budget for the fiscal 2024-25, he said. "The Abkari law permits levying a gallonage fee of up to 30 rupees per litre on the sale of Indian-made foreign liquor. This has been set at 10 rupees per litre," Balagopal said. Through this, an additional revenue of Rs 200 crore is expected, he said. The budget also proposed an enhancement of 15 paise per unit in the electricity duty for consumers who generate and consume energy for their own consumption, eying an ..

United Spirits profit climbs on premium liquor demand in third quarter

A greater number of affluent Indians are choosing more expensive cars and consuming pricier food and liquor, unaffected by inflation

Trademark infringement: SC directs 'London Pride' to consider new packaging

The Supreme Court on Monday directed a Madhya Pradesh-based company which manufactures and sells whisky under the trade mark 'London Pride' to inform if it was willing to change the trade dress and colour of its product as they were similar to liquor major Pernod Ricard India Pvt Ltd's 'Blenders Pride' and 'Imperial Blue' whisky. A bench headed by Chief Justice D Y Chandrachud asked senior advocate S Muralidhar, appearing for brand 'London Pride', to seek instructions and inform it about the company's response by the next date of hearing. "Why have you ('London Pride') adopted the same trade dress and colour and all? Get instructions on whether you will change the trade dress and colour (visual appearance of a product)," the bench, also comprising Justices JB Pardiwala and Manoj Misra, said. The apex court said it will hear arguments on the issue of trademark dispute on names at the next hearing. The legal battle over the alleged infringement of trademark of the whisky brands ...

AB InBev keen to invest Rs 400 cr for expanding brewery ops in Karnataka

The world's largest brewer AB InBev has evinced keenness for a Rs 400 crore investment to enhance and expand its brewery operations in Karnataka, according to the State's Large and Medium Industries Minister M B Patil. A Karnataka delegation led by Patil held discussions with executives of AB InBev on Wednesday at the World Economic Forum annual meeting in Davos, the Minister's office said in a statement. The company has a state-of-the-art brewery in Mysuru and a Global Capability Centre here. Meanwhile, HP Enterprise which currently employs 8,000 individuals in Karnataka out of its 15,000-strong workforce across India stated that the two new state-of-the-art buildings at Mahadevpura here would be unveiled soon. "This location is set to become the largest concentration of HP facilities globally, nearly double the size of its next biggest site, the statement said.

Ram Temple consecration: Liquor shops to remain shut in U'khand on Jan 22

The Uttarakhand government has announced that liquor shops across the state will be closed on January 22, to mark the "Pran Pratishtha" ceremony of Ram Temple in Ayodhya

Liquor stocks raise a toast to premiumisation trends, margin gains

Already outperformers in FY24, leading listed players may witness further uptick, say analysts

Liquor permits on health ground in Gujarat go up by 58% in 3 years

The number of people holding liquor permits on health ground in Gujarat has gone up by 58 per cent in three years, as per figures of the state prohibition and excise department. As against 27,452 liquor permit holders in November 2020, Gujarat now has 43,470 permit holders, according to the data. Being the state in which Mahatma Gandhi was born, the manufacture, storage, sale and consumption of alcoholic beverages have been banned in Gujarat since its formation. The state's population is estimated to be around 6.7 crore. A senior official from the prohibition department said apart from the people who have been given permits on health ground, foreign nationals and people from other states are given the permit for a maximum period of one week during their visit to Gujarat. The data revealed that Ahmedabad district was on top of the list with 13,456 liquor permits, followed by Surat (9,238), Rajkot (4,502), Vadodara (2,743), Jamnagar (2,039), Gandhinagar (1,851) and Porbandar (1,700)

India looks for greater mkt access for alcoholic beverages in FTA: Official

India looks for greater market access on a reciprocal basis for its alcoholic beverages while negotiating free trade agreements (FTAs), a senior government official said on Thursday. Additional Secretary in the Commerce Ministry, Rajesh Agrawal, said that demand for Indian spirits is growing in the world. "On the market access point of view, it is on a reciprocal basis. If we are opening up our market in any way...we also try to look for market access in other countries," he told reporters here. The remarks assume significance as India is negotiating a free trade agreement with the UK and the European Union (EU). Cutting customs duties in the sector is one of the key demands of these countries. "This is one of the areas (where) we are trying to negotiate upon and...we are trying to see that the duty concessions that are required in various destinations, we get (that)," he said. He added that the condition that for a product to qualify as a whisky, it must be matured for a period n

Alcoholic beverages exports to cross $1 bn in next few years: Report

The country's alcoholic beverages exports are expected to cross USD 1 billion in the next few years on account of increasing demand for spirits in global markets, a senior government official said on Thursday. As against the exports of USD 325 million in 2022-23, the outbound shipments from the sector touched USD 230 million during April-October this fiscal, Additional Secretary in the commerce ministry Rajesh Agrawal told reporters here. The global trade of these products is about USD 130 billion. "The demand for Indian spirits is increasing...It is expected to go beyond USD 1 billion in the next few years. Indian beverages market is growing very fast and slowly demand for these brands across the world is also picking up," Agrawal said, adding that in the forthcoming three-day Indus Food show in Greater Noida (Uttar Pradesh), there will be a wine and spirits section. Over 2,500 global buyers, 5,000 domestic buyers and 86 retail chains would be participating in the show apart from

Indian alcohol cos seek elimination of 'non-tariff barriers' in EU markets

For a beverage to be considered "whisky" in the EU, it has to be at least three years or more old. For "brandy", this time is one year

Liquor maker Pernod Ricard India rakes in Rs 25,000 crore revenue in FY23

Spirits maker Pernod Ricard India has posted a revenue of over Rs 25,000 for 2022-23, registering a 10 per cent growth on an annual basis. The company, which owns popular brands such as Absolut, Chivas Regal, and Glenlivet, however, saw an 8 per cent decline in profit to Rs 1,340.22 crore in FY23. It had posted a profit of Rs 1,457.98 crore in FY22. The company's consolidated revenue from operations in FY23 was Rs 25,039.47 crore, 10.1 per cent higher than Rs 22,741.40 crore a year ago, according to financial data accessed by business intelligence platform Tofler. Pernod Ricard India has paid a total excise duty of Rs 13,112.61 crore in FY23, almost 2 per cent higher than Rs 12,857.74 crore a year earlier, as per the data. The total tax deposited by Pernod Ricard during 2022-23, was at Rs 19,002 crore, which is 76 per cent (approx) of its revenue from operations towards taxes & duties (direct & indirect) to the Centre and state governments, it said. Pernod Ricard India's total