Chairman of Radico Khaitan has joined the billionaire club. In the midst of India's thriving liquor market, 80-year-old Lalit Khaitan has emerged as the country's newest billionaire. According to the Forbes report, the publicly traded company's shares have surged over 50 per cent this year, driven by rising sales and successful launches of new beverages., Companies News, Times Now
India Alcohol Market Share - 2023, CAGR Value, Growth Prospects, Size, and Forecast to 2030 | SAB Millier, Carlsberg A/S einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
The Indian spirits industry experienced a slowdown in demand to 2.2% in the quarter ended September, reversing a 7-15% growth trend over the past two years. The industry s growth was impacted by lower sales of mass-priced products, increased taxes, and a high base. Whisky remained the largest segment, accounting for two-thirds of overall spirits demand, growing 3.2% on a high base between July and September.