RETAIL LIQUOR
Allied Blenders IPO Subscribed 23.55 Times
Allied Blenders and Distillers, India's third-largest domestic IMFL company, concludes its 1,500-crore IPO with overwhelming demand, oversubscribed 23.55 times. The offering, featuring a price band of 267-281 apiece, saw robust interest across all investor categories, reflecting confidence in its diverse portfolio of whisky, brandy, rum, vodka, and gin.
Delhi airport will soon cheer up domestic flyers with two new liquor vends
This initiative aims to help Delhi regain share of domestic liquor sales following the closure of the private-operated premium liquor stores due to the rescission of Delhi Excise Policy 2021-22 in September 2022, the report (by Atul Mathur) said.
TN hooch tragedy victims were 'careless', 'exceeded their limit', says Kamal Haasan
Actor-politician Kamal Haasan has condemned the 53-person hooch tragedy in Tamil Nadu, stating that the victims were careless and exceeded their limits. He emphasized the importance of occasional drinking and social drinking, but stressed that exceeding the limit in any form is bad.
Power a structural story; expect a lot of opportunities in this sector: Madhu Kela
I do not think the bull market is over. I am sorry I will correct you. I do not think the bull market is over. I think the easy money is over. You could buy anything and make money that is over. I think now it is a more difficult part.
Covid scare is gone, but at-home consumption of alcohol sticks
According to latest data from global alcohol market analysts IWSR, 79.2% of alcobev volume sales in India last calendar year were ‘off-premise’, or outside bars and restaurants. While this share has come down from 82.4% in 2022, it is still higher than 72.5% during the pre-pandemic year of 2019.
If you can find growth at some value, that is where nirvana is for an investor: Sonam Udasi
Sonam Udasi, Senior Fund Manager at Tata Mutual Fund, discusses the fund's sector exposure, highlighting an overweight position in consumer services and underweight in consumer staples. He emphasizes the fund's adaptability to changing consumption patterns over the next 5-10 years. Udasi says: "I believe every equity investor, whatever theme they are investing in, they are looking for growth. If you can find growth at some value, that is where nirvana is as an investor."
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Haryana Cabinet approves new excise policy; slight increase in duty on liquor
The maximum basic quota of IMFL will be 700 lakh proof litres and 1,200 lakh proof litres for the country liquor for the year 2024-25. The QR code-based track and trace system that was introduced in 2023-24 for IMFL and country liquor will be extended to imported foreign liquor as well, said the statement. The minimum retail sale prices of imported liquor brands will be fixed by the department to streamline the business, it said.
Why offline shopping needs to be far more experiential
Big retail in India needs reinvention. The mall as a massive real estate complex is an American idea that goes back to a combination of consumer boom, timescape, landscape and culture that suited the West rather than India. Mall culture is changing in the West itself.
Noida Airport onboards Heinemann Asia Pacific, BWC Forwarders as retail, duty-free partners
Noida International Airport partners with Heinemann Asia Pacific and BWC Forwarders Pvt Ltd for duty-free and retail operations, offering premium brands and a wide range of products. The airport, located in Jewar, Uttar Pradesh, aims to provide a seamless and innovative shopping experience for travellers.
Tipplers toast local labels as big brands lose way in policy maze
State liquor policy changes result in scarcity of popular brands like Royal Stag, Budweiser, and Old Monk. Liquor stores push new brands due to supply chain disruptions. Mainstream brands limit supplies leading to a shift towards local brands, impacting the industry supply chains.
India's competition regulator checks if Glenlivet-maker Pernod colluded with New Delhi retailers
India's competition watchdog is examining allegations that Pernod Ricard of France collaborated with retailers in New Delhi to increase market share. Legal documents suggest the spirits giant faces antitrust issues in India, with accusations of influencing retailers to stock its products in exchange for financial aid.
Free dosas, rides & discounts rain on voters as companies & retailers step in to drive turnout
Hotels, cafes, fine dining restaurants, bars, bakeries, and electronics stores in Bengaluru, India, have offered discounts to encourage voter turnout. NoBroker employees received a holiday, but the company urged them not to take a long weekend before voting. Manipal Hospital helped 41 inpatients to vote, and Bengaluru schools sent messages to parents urging them to cast their vote.
Andhra Pradesh CEO orders strict monitoring of liquor movement
CEO Meena ensures GPS tracking of liquor movement by APSBCL, Prohibition Department, SEB, with webcasting to prevent illegal activities post-election schedule announcement in Andhra Pradesh.
And citizens, the real Delhi liquor 'scam'
Notwithstanding hosting global events like the much-toasted G20, and the 3-day Burrp Festival that started this Friday - the city's 'biggest beer festival' at the Garden of Five Senses near Saket - Delhi's consumers of alcohol are arguably the worst served among India's metros.
Delhi deserves a mature liquor policy
States like Delhi struggle with liquor sales regulation due to tax dependency. Balancing market demands, transparency, and GST integration can improve efficiency and combat corruption in the industry.
Delhi government extends existing excise policy
The Delhi government has extended its excise duty-based policy for the financial year 2024-25, allowing wholesale licenses under the same terms as the previous year. The policy, in effect since October 2023, will continue for the coming year, with licenses renewable under existing terms. This policy, introduced in 2022, shifted retail liquor business from private firms to Delhi government enterprises. A new excise policy is in the works but has not yet been finalized or implemented.
How women are changing India's spirits consumption narrative, explains Diageo India MD Hina Nagarajan
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 flavor forward and versatility requirements. Diageo has increased its focus on women consumers in India, despite the lack of safe places for women to enter liquor shops or bars.
Adani Enterprises arm acquires France-based Le Marche Duty Free
Adani Enterprises has acquired France-based Le Marche Duty Free SAS (LMDF) for 5,000 euros, according to its Dubai arm, Ospree International FZCO. The strategic acquisition is in the interest of Mumbai Travel Retail Private Limited, and was incorporated on February 7, 2024.
Retail inflation for industrial workers eases to 4.59pc in January
Retail inflation for industrial workers in India eased to 4.59 per cent in January, mainly due to lower prices of certain food items. The Consumer Price Index for Industrial Workers (CPI-IW) for January 2024 increased by 0.1 point to 138.9 points from December 2023. The housing group contributed 0.48 percentage points to the total change. The index was largely checked by items like onion, potato, tomato, and ginger.
Karnataka budget: Govt to tweak duties on liquor, beer to be competitive with neighbouring states
To safeguard revenues and prevent trade diversion to neighboring states, the Karnataka government plans to adjust duty rates for Indian Made Liquor (IML) across its 18 slabs. Chief Minister Siddaramaiah announced intentions to rationalize tax slabs and maintain competitiveness with neighboring states in his budget speech
Indians less drunk on liquor love after hike in taxes
Liquor mimicked the overall consumer discretionary segment, where sales of products such as apparel, footwear and beauty slowed in India in 2023 after two years of pandemic-induced runway growth. The spirits segment had also seen a record surge in the prices of raw materials such as extra neutral alcohol, glass and packaging material a year ago, which have softened now. Grain prices, however, have surged over the past two quarters, squeezing margins.
Diageo, AB InBev say prepared for disruptions during elections
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.
Delhi excise scam: Court grants interim bail to liquor businessman Sameer Mahendru
According to the prosecution, Mahendru was one of the major beneficiaries of the violations of the excise policy as he was not only running an alcoholic beverage manufacturing unit but also given a wholesale licence along with some retail licences in the name of his relatives.
Alcohol exports from India set to cross $1 bn as world raises a toast to Asian country's spirits
India's local spirits like Indri, Amrut, and Rampur by Radico Khaitan have gained popularity while exports could cross $1 billion in few years. Rajesh Agrawal, additional secretary at the commerce ministry, said the global demand for Indian alcoholic beverages is rising. Alcohol exports reached $230 million from April-Oct, aiming to surpass the previous year's $325 million by March 2024
Uttar Pradesh allows beer shops to have a drinking area from April
Uttar Pradesh introduces a groundbreaking excise policy permitting beer shops to establish separate drinking areas, mirroring BYOB model shops. Under the new regulations effective April 1, 2024, vendors can acquire licenses for a 100-square-foot space near their shops at an annual fee of Rs 5,000. This move aims to deter public drinking in unsanctioned areas and foster revenue growth.
Karnataka orders beer makers to halt third shift of operations
The decision could lead to a significant disruption in brewing products in India's second largest beer consuming state. However, the notice has not been issued to spirits manufacturers for their distilleries, and beer makers fear demand could shift towards hard liquor if there are supply constraints for their brands. Companies including United Breweries, AB InBev, Bira and Carlsberg together own seven breweries in Karnataka, all operating in three shifts and are among their largest in the country.
Deaths due to alcohol laced ayurvedic medicines raise questions on efficacy of prohibition in Gujarat
Five people had died in Kheda district in central Gujarat after consuming “Asava aristha” an otherwise medicinal concoction that boasts of 12 percent alcohol content. What is interesting is the fact that these “medicines’ are sold without discrimination in grocery shops, pan parlours et al, across the state.
One for the portfolio: 4 liquor stocks which withstood all the brunt, from sin tax to prohibition
It is not only in India, but in a large number of countries across the world, liquor is a heavily taxed business. Despite being heavily taxed, if one looks at the long term trends, it is business which grows at a certain rate irrespective of all headwinds. In India, liquor is a state subject and many state governments publicly say they don't want to grow, but if one looks at their revenue collection numbers it is clear they cannot stay without it. Despite all the headwinds, what is that which makes them grow?
Delhi government extends existing excise policy by 6 more months
A proposal of the excise department to extend the policy, implemented on September 1 last year, was sent for the LG's nod after it was cleared by the government. The file was sent back to the government from the LG's office, marked as "seen", the officer added.
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