Liquor manufacturers in the country continue to benefit from rebounding demand with the easing of covid-led restrictions. The same is reflected in gains seen in stock prices of manufacturers such as Radico Khaitan Ltd. The stock is up 95% in the current fiscal. The financial performance reported by the company during the second quarter also…
At present the company is exploring various options, including “extension of the franchise model, selective acceleration of brands, maybe even divestment and even change of the operating model,” Diageo India Managing Director & CEO Hina Nagarajan said adding it would be finalised by December. Global spirits major Diageo is embarking on a mission to be…
New Delhi: United Spirits on Wednesday reported over two-fold jump in consolidated net profit at Rs 286.4 crore for the second quarter ended September 2021 helped by a double-digit growth in sales. The Diageo-controlled liquor maker posted a net profit of Rs 125.1 crore in July-September a year ago, United Spirits Ltd (USL) said in…
Beer maker United Breweries Ltd on Wednesday reported a multi-fold increase in consolidated net profit to Rs 80.34 crore for the second quarter ended September 2021, helped by volume pick up amid gradual lifting of restrictions in the market. It had posted a net profit of Rs 3.61 crore during the July-September period of the…
New Delhi: United Spirits on Wednesday reported over two-fold jump in consolidated net profit at Rs 286.4 crore for the second quarter ended September 2021 helped by a double-digit growth in sales. The Diageo-controlled liquor maker posted a net profit of Rs 125.1 crore in July-September a year ago, United Spirits Ltd (USL) said in…
VIJAYAWADA: Alcoholic beverage (alcobev) companies that had left AP, presuming a complete liquor ban, are now willing to make a comeback. But their one demand: Settlement of pending dues by the state government. Currently, the total dues payable to companies including IMFL suppliers by the Andhra Pradesh government is Rs 640 crore. The dues payable…
Radico Khaitan Ltd has unveiled its luxury range of products in both brown and white spirit categories. ‘Magic Moments Dazzle Vodka’ the luxury brand extension of their signature brand Magic Moments Vodka and ‘Royal Ranthambore Heritage Collection-Royal Crafted Whisky’ mark the onset of the festival season for Radico. “Every launch is an expression of the constant…
(Image: Founders of CaSa de Spirits – Sajay Moolankodan (L) and Carl Sequeira (R)) “CaSa de Spirits will launch their first range alco-bev products in December 2021” CaSa de Spirits Pvt Ltd. is an alco-bev startup, based in Goa with an office in Mumbai, formed with a clear vision to create unique and disruptive alcoholic…
Varna Bhat is no stranger to starting up. She had founded RapidStall, an eco-friendly fabric branding company, and Tessarakt Experiential — a marketing, events, and creative house. Once, a conversation with a friend got her thinking of the alco-beverage space, and she realised that India hardly had a signature drink. This led her to start…
Shares of Radico Khaitan rallied 11 per cent, hitting a new high of Rs 1,131.55 on the BSE in Tuesday’s intra-day trade after the company announced launch of two new premium Indian Made Foreign Liquor (IMFL) namely Magic Moments Dazzle Vodka and Royal Ranthambore Heritage Collection Royal Crafted Whisky (blended malt scotch) in the brown…