Page 2 - Alcohol

Hit on revenues from alcohol to dent Delhi govt's revenue balance

The projected revenue from alcohol estimated at the time of presenting the Budget constituted around 20 per cent of the state's expected own tax revenue and 15 per cent of its total receipts.

What went wrong with Delhi's new excise policy?

In Delhi, people are finding it hard to fetch their favourite liquor brand, due to sparse vends. A slugfest is going on the Delhi government's liquor policy. Let's find out why

TMS Ep233: Akasa Air strategy, Delhi's excise policy, markets, belated ITR

Will Akasa's launch help bring down airfares? What went wrong with Delhi's new excise policy? Is it time to add Paytm, Nykaa, Zomato to your portfolio? What is belated ITR filing? All answers here

Tipplers left high and dry as bars, hotels in Delhi refuse alcohol

Earlier in the day, the representatives of the National Restaurant Association of India (NRAI) met Excise department officials to urge them to renew the existing licenses

United Breweries' Q1 net profit rises to Rs 162.5 cr on volume growth

Beer maker United Breweries Ltd on Wednesday reported a five-fold jump in its consolidated net profit to Rs 162.50 crore in the June quarter, mainly on the back of volume growth. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 30.94 crore in the year-ago period, according to a regulatory filing. United Breweries Ltd's (UBL) revenue from operations climbed 95.88 per cent to Rs 5,196.08 crore during the quarter under review. It stood at Rs 2,652.63 crore in the corresponding period of the previous fiscal. The company's volumes in the first quarter of the current fiscal were more than double compared to the Covid-impacted quarter on an annual basis. "The quarter witnessed a more than doubling of volumes, in addition to a sequential growth of 42 per cent resulting in an 8 per cent growth over corresponding pre-Covid quarter 2019. "The premium segment recorded growth ahead of the total portfolio," UBL said. However, its gross

Regulatory overhangs to pose challenge for alcobev industry: United Spirits

Regulatory overhangs will pose challenges for the alcoholic industry though it holds potential for spirit companies in the country, United Spirits Ltd (USL) said in its latest annual report.

India exported alcoholic products worth $322.12 mn during 2020-21

India has exported 2.47 lakh metric tonnes of alcoholic products, worth $322.12 million (approximately Rs 2,507 crore), during 2020-21, the commerce ministry said on Friday.

No pilot tests positive for drugs, cabin crew alcohol shows revival in 2022

In just the first four months of this year, 41 pilots and cabin crew showed traces of alcohol, of which nine were pilots. In all of 2021, some 59 tested positive, 19 wer pilots

Indian trade pacts must lower tariff on alcoholic drinks: Think tank

Such beverages will be 'key issue' in discussions as country seeks access to large markets, says ICRIER report.

Story in Numbers: Sobering facts about alcohol use and abuse in India

About 5.2 per cent of the population aged 10-75 years (about 57 million individuals) need help for alcohol abuse

Delhiites may soon have home delivery of liquor, say officials

Home delivery of liquor in the national capital is likely to see the light of the day soon, as a group of ministers (GoM) of the Delhi government has given a go ahead to it, officials said on Tuesday. The GoM has also viewed that there should not be any restriction on the rate of discounting by the retail liquor vends as long as the market operates in a healthy manner. Delhi government in view of crowds outside retail vends and some reported malpractices, recently capped the discount on liquor to 25 per cent. The proposals of home delivery and other recommendations of the GoM, regarding the Excise Police 2022-23 being framed, will be put before the Delhi Cabinet for its approval, the officials said. "....The group of ministers recommended that home delivery of liquor sourced from retail liquor vends in Delhi may be allowed," said an official document citing meeting of the GoM last month. The GoM considered that home delivery could be an appropriate alternative to ensure liquor sup

Policy support, volume growth: What's lifting the spirits of liquor stocks?

The change in duty structure and new tax policy of FY23 is expected to bring a much awaited relief for alcohol beverage industry. However, analysts believe barley price rise to act as a spoilsport.

Tamil Nadu State Marketing Corporation hikes liquor prices in state

The Tamil Nadu State Marketing Corporation (Tasmac), the official body to sell Indian Made Foreign Liquor (IMFL) in the state, has decided to hike liquor prices from Monday

'Hangxiety': Why some people experience anxiety during a hangover

As the body recovers from a night of drinking, a hangover creates a state of physiological stress

Delhi slashes number of dry days to 3, down from 21 earlier

The licensed liquor shops will remain closed only on Jan 26, Aug 15, and Oct 2

Thibault Cuny on his India-strategy in an evolving alco-bev market

In a chat with Business Standard's Surajeet Das Gupta, French distiller Pernod Ricard's South Asia chief Thibault Cuny talks about his India-strategy and the customer experience he wants to drive in

Hit by input costs, alcohol beverage industry thirst for better sales

Although there was some improvement seen in 2021, sales are still lower than 2019 levels, say industry players.

Indian tipplers becoming quality conscious, finds study

According to a study, the country is one of the fastest-growing markets for alcoholic beverages, with an estimated market size of $52.5 bn

Spirited promise: AP BJP promises booze at Rs 50/bottle if voted to power

The BJP in Andhra Pradesh has promised to offer liquor at Rs 50 per bottle, besides several initiatives, if voted to power in 2024 Assembly polls. In a public meeting held on Tuesday, BJP Chief Somu Veeraju, lashing out at Chief Minister YS Jagan Mohan Reddy-led YSR Congress government and opposition Telugu Desam Party, Veerraju said the political forces in the state failed to develop the state despite the abundant resources and long sea coast it has. I am telling you that one crore people are drinking ( alcohol) in the state. All of you people vote for BJP, we will offer you cheap liquor at Rs 75. If the revenues are good we will even supply at just Rs 50, (not bad liquor), definitely a good one, Veerraju said indirectly pointing to high prices of liquor in the state. Referring to some of the state government Direct Benefit Transfer schemes, the BJP leader said on an average a person consumes liquor for about Rs 12000 per month and Jagan Mohan Reddy is collecting all that amount an

TMS,Ep 49:Conglomerates breaking up, craft spirits, markets, online frauds

Will Indian conglomerates go the GE and JJ way? How are craft spirit brands brewing a storm in the liquor market? What precautions should we take as online frauds become rampant? All answers here