DIAGEO

To be sure, within imported whiskey, premium and super-premium brands have still performed well but value or entry level brands, which mostly compete with Indian malts, took a hit. The high base effect also came into play.

United Spirits (USL) saw a significant boost in net profit in 2023-24, with about 16% attributed to its cricket team, Royal Challengers Bangalore (RCB), whose revenue more than doubled. RCB's revenue surged to Rs 650 crore, with a net profit of Rs 2...

Diageo first bought a stake in USL in 2012, taking its holding to a majority by the following year. Mallya stepped down from USL in 2016 and left India that year amid loan repayment troubles at Kingfisher Airlines. At the time, USL had nearly two do...

​While Iconiq White Whisky by Allied Blenders and Distillers sold 1.6 million cases in 2023 to top the list, it's not just whisky brands that are performing well. Three brandy brands - Courier Napoleon and Mansion House brandy by Tilaknagar Industri...

Tequila, once a party staple involving a lick of salt, a shot, and a lime wedge, is evolving. It's now sipped neat, on the rocks, with soda, or in diverse cocktails, becoming India's fastest-growing alcohol segment. Sales nearly doubled to 123,000 c...

"On the demand front, the growth has moderated from two years ago. And at the lower end, we continue to see some pressure. Moderation was there during the wedding season, and so growth is continuing to be slower," the company's managing director and...

Diageo-controlled liquor maker United Spirits Ltd on Friday reported a two-fold increase in consolidated net profit to Rs 241 crore for the March quarter.

Once an unheard-of category in international markets, Indian single malts are now commanding a premium for their artisanal and limited-edition whiskies. What has led to the turn of the tide in this fiercely competitive segment?

At Accenture, 29% of the leaders in India are women. Diageo India has 30% women in senior leadership. In the last few years, Marico's efforts have pushed women into close to 30% of leadership roles. PepsiCo is looking at 40% women in the India leade...

After the low during the pandemic when the spirits market shrank to 311 million cases in FY21, it recovered swiftly to add about 100 million cases in annual sales in just three years, reaching 412 million cases in FY24, industry executives said, cit...

According to industry body Confederation of Indian Alcoholic Beverage Companies, alcobev drinks priced over ₹1,000 have grown four times faster than those under ₹500 in calendar 2023. CIABC director general Vinod Giri attributed the increasing trend...

Alcobev maker Diageo India (United Spirits) partners with the Skill Council for People with Disabilities (SCPwD) to train 300 Persons with Disability (PwDs) under its ‘Learning for Life’ programme. The initiative aims to champion inclusion and diver...

Amrut Distilleries, a key player in the Indian single malt whiskey industry, is seeing increased interest from investors but remains focused on organic growth. With plans to boost exports and expand market share, Amrut aims to capitalise on the risi...

Women are transforming the Indian spirits industry, particularly at the premium end, by accounting for 40% of the demand in the luxury segment and 64% of the new growth in single malt sales. This shift is driven by women's higher repertoire share of...

The state tax authority has demanded Rs 1.21 crore as MVAT, including a penalty of Rs 1 lakh, and Rs 3.26 crore as CST. "Deputy Commissioner, State Tax has levied demand on non-submission of statutory declaration forms and disallowed an element of i...

Diageo and AB InBev are confident in navigating sales and supply chain disruptions during the upcoming general elections in India, which typically involve temporary restrictions on alcohol sales.

​​Under her, the company renovated Signature and Royal Challenge Whisky, launched Royal Challenge American Pride Whisky, entered Indian malt with Godawan and invested in Nao Spirits, the makers of Hapusa and Greater Than Gin. It also seeded Guinness...

Sugarcane and mustard fields, not peat bogs, ring the distillery, where the two-year-old Indian brand's owner Piccadily is ramping up production and building a three-hole golf course to lure connoisseurs and tipplers in the whisky-loving nation.

The company controls about a fourth of the overall whisky market in India despite a negligible presence in the mass segment and gets a significant chunk from premium and semi-premium brands, mainly Blenders Pride, Royal Stag and Imperial Blue. The d...