Page 3 - Liquor Firms

Punjab's excise dept engages IIT-Ropar to audit liquor manufacturing units

Punjab's excise department on Monday said it has engaged IIT-Ropar to conduct an audit of liquor manufacturing units in the state, a move which is aimed to check any pilferage

Bespoke bars enjoy a spirited biz as home becomes venue for both work, play

The steady sale of liquor across the country despite restrictions helped

Heineken takes control of India's United Breweries cementing its position

Heineken is the world's second largest beer maker

Liquor stocks rally; Globus Spirits zooms 20%, Radico Khaitan surges 10%

In the past two days, Franklin Strategic Emerging Markets Fund IV sold 799,000 shares, representing a 2.7 per cent stake, of Globus Spirits through a bulk deal on the National Stock Exchange

Liquor sales recover, rise 6% in fourth quarter; FY21 sales fall 12%

States such as Uttarakhand, Himachal Pradesh and Haryana reported over 40 per cent growth in IMFL sales during the fourth quarter of 2020-21

Pernod Ricard eyes 10% full-year profit growth after sales beat forecasts

By 0704 GMT Pernod shares had gained 0.3% at 173.65 euros.

Matinee to Rahasya, freshly brewed Indian spirits defy Covid pandemic blues

These new launches may seem surprising given that the pandemic has hit the alcohol industry harder than most other sectors, though there are signs of a recovery

Delhi reduces legal drinking age to 21 from 25; restaurateurs cheer move

Lowering the minimum age from 25 will lead to an estimated 20 per cent rise in liquor consumption

Liquor makers object to Delhi govt's excise policy recommendations

Four liquor manufacturers raised objections to the Delhi government's new excise policy recommendations and warned that these would bring in cartelization besides hitting the government's revenue.

UK court denies release of substantial funds for Vijay Mallya's legal fees

A UK court refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya

United Spirits CEO Kripalu quits, Hina Nagarajan to take over from Jul 1

United Spirits Ltd (USL), a part of global liquor giant Diageo, on Thursday appointed Hina Nagarajan as the company's new CEO with effect from July 1, 2021. Incumbent Anand Kripalu will step down on June 30. Nagarajan is currently the managing director of the Africa Regional Markets (ARM) at Diageo and will join USL as the CEO-Designate from April 1, the company said, adding she will take over formally from July 1 and will be a member of the Diageo Executive Committee. She will report to John Kennedy, the president of Diageo Europe and India. Nagarajan will be based in Bengaluru and will work closely with Kripalu to ensure a smooth transition, the company said. In her current role, she leads Diageo's ARM comprising operations in Ghana, Cameroon, Ethiopia, the Indian Ocean, Angola and several other countries. Before joining Diageo, she was MD China & SVP North Asia with RB (Reckitt Benckiser). She has over 30 years of experience and held several senior marketing and general ...

Globus Spirits hits record high in a weak market; surges 67% in 1 month

In Q1FY21, the company's Ebitda margin grew by 785 basis points YoY to 18.0 per cent on account of higher ENA realisations and softening raw material and fuel prices

Globus Spirits nears 52-week high post Q1 nos; stock up 91% so far in FY21

The company's consolidated net profit jumped 161.4 per cent to Rs 18.72 crore during the quarter under review, compared to Rs 7.16 crore profit in the year-ago period

Liquor makers urge Bengal govt not to implement proposed excise policy

Manufacturers of alcoholic beverages have written to West Bengal Chief Minister Mamata Banerjee, urging her not to go ahead with the proposed new excise policy as it will hurt the liquor industry.

Liquor associations warn against proposed tax hikes in West Bengal

Say it will lead to steep hike in prices which will hit sales, industry and govt revenues

Delhi allows restaurants to serve liquor, keeps bars closed in pandemic

It is estimated that 40 per cent restaurants that had shut down during the lockdown may never open again.

United Breweries: Re-opening of bars, cash reserves augur well for the stk

Analysts at ICICI Securities believe that apart from re-opening of the economy and the subsequent business revival in the medium-to-long term, the company's virtual debt-free status provides comfort

Tamil Nadu govt to allow reopening Liquor outlets in Chennai from Tuesday

According to the government, the liquor shops will function between 10 a.m. and 7 p.m. and only 500 tokens will be issued daily

DMK opposes reopening liquor outlets in Chennai over fears of Covid spread

The DMK chief alleged that TASMAC shops in the rest of TamilNadu had a "big role" in increasing the spread of the virus

Covid-19 impact: Radico Khaitan Q1 profit falls 19.52% to Rs 44.07 crore

Its total revenue from operations declined 33.70% to Rs 1,774.65 crore during the quarter under review as against Rs 2,677.07 crore in the corresponding quarter last year