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Macquarie maintained underperform on United Spirits, CLSA downgraded Sun TV. Pernod India saw ~7% sales growth in Q3. United Spirits saw market share losses to Radico. Sun TV s subscriptions-led revenue was a surprise. Morgan Stanley remained overweight on M&M and HDFC Bank. HDFC Bank announced plans for new product launches. ....
Historic First For Indian Single Malts: Homegrown Brands Outshine Global Giants With 53% Market Share In 2023 menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Indian single malt whiskies have made history by surpassing renowned international brands in terms of sales. According to the Confederation of Indian Alcoholic Beverage Companies (CIABC), Indian single malts accounted for 53% of total sales in 2023. The success of Made in India brands has led to international giants like Diageo and Pernod Ricard entering the Indian market with their own local brands. This signals a new era for the country s whisky industry. ....
Single malt whisky distilled in India is shaking up the country’s multibillion-dollar spirits market and gaining recognition abroad. Global producers Diageo and Pernod Ricard are playing catch-up. ....
Oak casks, once used to store bourbon and wine, are stacking up in a distillery near New Delhi, filled with ageing whisky as workers churn out almost 10,000 bot. ....