Alcohol Prices News
Sula resets after wine boom slows, shifts focus to homegrown brands
Sula Vineyards is responding to a decline in general urban wine consumption by expanding its portfolio and hosting urban wine festivals. The company dominates the premium wine market, accounting for over 60% share, while adjusting strategies to combat increased competition.
5 min read8 May 2025Scotch and gin may not get significantly cheaper for consumers in India despite tariff cuts: Industry
Despite the trade pact reducing Scotch tariffs, experts predict consumers may only see limited immediate benefits. Many brands may not lower prices due to local pricing practices, leaving consumers with few changes in their purchasing experience.
4 min read7 May 2025Tequila sees a sunrise as Indians move on from gin. The whisky love affair continues
Agave spirits, tequila and mezcal grew 36% by volume in 2024, while gin's growth slowed to 1%. Whisky remains dominant, accounting for two-thirds of spirits sold, but its growth is expected to slow down in the coming years.
5 min read7 May 2025Radico Khaitan eyes 30% growth for luxury spirits, plans two new products in FY26
Radico Khaitan's sales volumes surged in FY25, driven by premium and mass-market offerings. The company aims to increase revenue from luxury spirits to ₹500 crore in FY26.
2 min read6 May 2025Beer brewers, after two tepid years, raise a toast to a longer, meaner summer
India's beer makers are looking forward to bumper sales this summer thanks to warmer-than-usual temperatures, even as they brace for an annual disruption.
4 min read11 Mar 2025Bro Code maker IndoBevs aims to double revenue to ₹700 cr in two years on new liqueur, upcoming whiskies
IndoBevs’s new Bonga Bonga liqueur's cap is equipped with an apparatus similar to one in a hookah
2 min read23 Feb 2025Craft beer maker Bira in tax soup amid vendor payment and salary delays
The Maharashtra value added tax department has issued a notice to all distributors of the beer brand, directing them to pay any outstanding dues owed to B9 Beverages directly to the tax authorities instead, according to a circular issued in January that Mint has accessed through a distributor.
5 min read18 Feb 2025Rockford maker Modi Illva spices up competition in premium whisky market with Singhasan
Modi Illva India plans to invest ₹200 crore over five years to capture a 5% share of India's scotch whisky market amid rising consumer demand for premium products.
3 min read12 Feb 2025Beer maker Medusa raises ₹56 crore from a clutch of investors in series A round
Medusa Beverages Pvt. Ltd's funding was led by private investors. The company aims to double production by FY26, targeting ₹350 crore revenue, and expand to new markets. It has launched new beer varieties to meet growing demand.
3 min read24 Jan 2025Delhi government delays contentious point-based liquor procurement system
The decision comes after a meeting chaired by the additional chief secretary of finance to review concerns raised by private distributors and liquor companies.
3 min read21 Jan 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared