New Delhi: Leading beer manufacturer Carlsberg India has reported a 60.5% increase in net profit, reaching ₹323.1 crore in the financial year 2023-24, according to filings with the Registrar of Companies (RoC). The company also achieved a record-high revenue, crossing the ₹8,000 crore mark for the first time. Total income rose by 15.2% to ₹8,044.9…
March 5 (Reuters) – Brown-Forman, the maker of Jack Daniel’s, has criticized Canadian provinces for removing U.S. liquor brands from store shelves, calling it a harsher blow than tariffs. CEO Lawson Whiting described the move as a “disproportionate response” to tariffs imposed earlier by the Trump administration. Several Canadian provinces have taken American liquor off…
Shares of Som Distilleries & Breweries Ltd saw a boost after the company announced plans to invest ₹600 crore in a new manufacturing facility in Uttar Pradesh. The stock surged by up to 3% in early trading before settling lower later in the day. Stock Performance Som Distilleries’ stock touched a high of ₹114.25, rising…
L Mohan Meakin Limited, the home of the iconic Old Monk Rum, is one of India’s oldest and most renowned companies. Its journey is deeply intertwined with the evolu tion of India’s alcoholic beverages industry. Here’s a glimpse into its illustrious history: The roots of Mohan Meakin trace back to 1855, when Edward Dyer, a…
The Telangana Beverages Corporation Limited (TGBCL) has opened up applications for new liquor brands from both local and international suppliers. Companies that aren’t already registered with TGBCL must include a certificate confirming their liquor has no quality issues. The applications will be available online for ten days for any objections, and after reviewing them, TGBCL…
India’s leading beer companies—United Breweries, AB InBev, and Carlsberg—are gearing up for their largest investment in over a decade, committing more than ₹3,500 crore to set up new breweries in 2025. These three companies dominate nearly 85% of the country’s beer market and are betting big on India’s growing demand for beer. Carlsberg’s Expansion PlansCarlsberg’s…
Madhya Pradesh has introduced a new “low alcoholic beverage bar” concept where drinks with a maximum alcohol content of 10% will be served, including beer, wine, and ready-to-drink options. The consumption of stronger spirits will be banned in these bars. The new policy, effective from April 1, 2025, will also see restrictions on the sale…
The global beverage alcohol market in 2025 will be shaped by five key trends, as economic uncertainty continues into the year. While markets in the US and Europe remain sluggish due to high inflation, emerging economies like India, South Africa, and several parts of Southeast Asia and Latin America are showing strong growth. These regions…
Delhi residents may start heading to Noida or Gurugram in neighboring Uttar Pradesh to buy alcohol, as the new liquor policy in UP offers more variety and options. With alcohol stocks running low in Delhi, the UP government’s updated policy is attracting attention by providing more choices for buyers. Earlier, small and medium alcohol companies…
Customers visiting the Tamil Nadu State Marketing Corporation (Tasmac) Elite outlets are often left disappointed due to a shortage of premium Indian Made Foreign Liquor (IMFL) and beer brands. Many complain that their favorite brands are regularly out of stock, leaving them frustrated. During a recent visit to Elite Tasmac shops in Anna Nagar, Velachery,…