Latest news with #RadicoKhaitan
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Business Standard
14 minutes ago
- Business
- Business Standard
India-UK trade pact: Tariff cut may not impact Scotch whisky retail prices
The India-UK free trade agreement (FTA), under which tariffs on whisky and gin have been halved from 150 per cent to 75 per cent, which will further fall to 40 per cent in a decade's time, will not necessarily impact prices of Scotch whisky and gin for Indian consumers. According to a May 2025 report from the International Wine & Spirit Research (IWSR), blended Scotch grew the strongest of all the large whisky categories in India in 2024, with volumes rising by medium single digits and sales more than doubling since 2020. India is known to be a whisky market, with widespread national sales. However, while the data company's forecasts anticipated an upside from the FTA, it added that its impact should not be overestimated. 'While tariffs have been slashed from 150 per cent to 75 per cent, the impact on shelf prices is closer to 10 per cent and it is not a given that this will be passed on to consumers,' it had stated in the 2025 executive summary. The revised tariffs will apply to both bottled-in-origin (BIO) and bulk imports. Industry executives agree, stating that tariffs make up only up to 15 per cent of the final retail price, and with state taxes and costs for distribution and marketing, prices could be down by a mere 10 per cent. This may not be passed on to consumers, they said on the condition of anonymity. A senior commerce ministry official said that a major portion of whisky imports into India are used in the manufacture of blended whisky, whose production is set to rise due to cheaper raw material. 'We are foreseeing significant strategic and cost advantages from this development. We have estimated our Scotch requirements at over ₹250 crore in 2025-26 (FY26), and this treaty represents a substantial opportunity for value creation,' said Abhishek Khaitan, managing director at Radico Khaitan, one of the largest importers of Scotch whisky. Some liquor players also believe that the FTA will help consumers have access to premium Scotch whisky at reduced prices. 'The UK FTA is a positive move for the Scotch whisky segment, and it will enhance accessibility and affordability for Indian consumers. For import-driven portfolios like ours, this could fast-track category adoption, bring price parity closer to Indian Made Foreign Liquor (IMFL), and enable deeper reinvestment into consumer-building efforts,' said Debashish Shyam, cofounder and director, Ardent Alcobev, which sells Dram Bell blended Scotch whisky. However, the real benefit, Shyam added, will depend on how quickly the duty reductions are implemented, and whether the states align their tax structures accordingly. Spirits made up 51.2 per cent of the total beverage alcohol market in 2024, dominated by whisky. According to the data company, India consumed 258,750 under-9-litre cases of whisky in 2024, which is set to witness a compound annual growth rate (CAGR) of 3.1 per cent from 2024 to 2029. These included 8,509.60 cases of Scotch whisky, the company stated, adding that India is set to become the biggest Scotch market in the world by 2027.
Mint
2 days ago
- Business
- Mint
Hero MotoCorp, Crompton Consumer to Radico: 8 Key stocks to trade Ex-date for dividend of up to ₹65 on 24 July 2025
Dividend Stocks: Hero MotoCorp, Crompton Consumer , Radico Khaitan, Cholamandalam Investment and Finance Company, TCPL Packaging, Bliss GVS Pharma Ltd., 20 Microns Ltd., and IVP are among 8 Key stocks to trade Ex-date for dividend of up to ₹ 65 on 24 July 2025 These companies, along with many others, had decided that July 24, 2025, would be the record date for completing the list of eligible shareholders for dividends. To be added to the list of eligible shareholders to receive dividends under the T+1 settlement method, investors had to buy the shares of these companies at least one day before the recording. CROMPTON—The recommended dividend for the fiscal year ending March 31, 2025, by Crompton Greaves Consumer Electricals Ltd is Rs. 3/- (Rupees Three Only) per equity share of Rs. 2/- (Rupees Two Only) (completely paid-up). This dividend is subject to shareholder approval at the next meeting. RADICO—Radico Khaitan Ltd had recommended a final dividend of Rs. 4.00 per share 20 MICRONS—20 Microns Ltd had recommended a final dividend of ₹ 1.25 per share BLISSGVS—A final dividend of Rs. 5 per share had been recommended by Bliss GVS Pharma Ltd. CHOLAFIN—A Final Dividend of ₹ 0.70 per share had been recommended by Cholamandalam Investment and Finance Company Ltd HEROMOTOCO—The board of the two-wheeler firm suggested a final dividend of ₹ 65 per share (face value: ₹ 2) during its May 13, 2025, meeting. The record date is July 24, and the dividend will be approved at the company's 42nd Annual General Meeting. IVP Ltd for a final Dividend of ₹ 1.00 per share TCPLPACK Dividend of ₹ - 30.0000 FIEMIND for Final Dividend - of Rs. - 30.00 HATSUN for Interim Dividend of ₹ 6.00 per share PAUSHAK LTD for the final dividend of ₹ 20.00 er share PRIVISCL Final Dividend - Rs. - 5.00 Sanco Trans Ltd for a Dividend—Rs. - 2.70 Birlanu Ltd for final dividend—Rs. - 30.00
Mint
2 days ago
- Business
- Mint
Hero MotoCorp, Crompton Consumer to Radico: 8 Key stocks to trade Ex-date for dividend of up to ₹65 on 24 July 2025
Dividend Stocks: Hero MotoCorp, Crompton Consumer , Radico Khaitan, Cholamandalam Investment and Finance Company, TCPL Packaging, Bliss GVS Pharma Ltd., 20 Microns Ltd., and IVP are among 8 Key stocks to trade Ex-date for dividend of up to ₹ 65 on 24 July 2025 These companies, along with many others, had decided that July 24, 2025, would be the record date for completing the list of eligible shareholders for dividends. To be added to the list of eligible shareholders to receive dividends under the T+1 settlement method, investors had to buy the shares of these companies at least one day before the recording. CROMPTON—The recommended dividend for the fiscal year ending March 31, 2025, by Crompton Greaves Consumer Electricals Ltd is Rs. 3/- (Rupees Three Only) per equity share of Rs. 2/- (Rupees Two Only) (completely paid-up). This dividend is subject to shareholder approval at the next meeting. RADICO—Radico Khaitan Ltd had recommended a final dividend of Rs. 4.00 per share 20 MICRONS—20 Microns Ltd had recommended a final dividend of ₹ 1.25 per share BLISSGVS—A final dividend of Rs. 5 per share had been recommended by Bliss GVS Pharma Ltd. CHOLAFIN—A Final Dividend of ₹ 0.70 per share had been recommended by Cholamandalam Investment and Finance Company Ltd HEROMOTOCO—The board of the two-wheeler firm suggested a final dividend of ₹ 65 per share (face value: ₹ 2) during its May 13, 2025, meeting. The record date is July 24, and the dividend will be approved at the company's 42nd Annual General Meeting. IVP Ltd for a final Dividend of ₹ 1.00 per share TCPLPACK Dividend of ₹ - 30.0000 FIEMIND for Final Dividend - of Rs. - 30.00 HATSUN for Interim Dividend of ₹ 6.00 per share PAUSHAK LTD for the final dividend of ₹ 20.00 er share PRIVISCL Final Dividend - Rs. - 5.00 Sanco Trans Ltd for a Dividend—Rs. - 2.70 Birlanu Ltd for final dividend—Rs. - 30.00 Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
The Wire
18-07-2025
- Business
- The Wire
Rampur Jugalbandi #6 Crowned Best World Single Malt at John Barleycorn Awards 2025
Radico Khaitan's Global Winning Streak Continues New Delhi, Delhi, India – Business Wire India Radico Khaitan Ltd., one of the largest homegrown alco-bev companies, continues its winning streak on the global stage. In a stellar achievement for Indian whisky, Rampur Jugalbandi #6 has been named Best World Single Malt at the prestigious John Barleycorn Awards 2025, USA. Adding to the triumph, Rampur Select secured a Double Gold, while Jugalbandi #5 earned Gold in the Indian Single Malt – Tokaji Finish category, reinforcing Rampur's position among the finest in the world. Taking centre stage, Rampur Jugalbandi #6 was awarded Best World Single Malt; aged in rare Madeira casks the liquid is an exploration in bold maturation and flavour depth. Rampur Select was awarded Double Gold in the taste competition under the Single Malt Whisky category for its signature smoothness and fruit-forward character. And Rampur Jugalbandi #5 received a Gold in the Indian Single Malt Whisky – Tokaji Finish category, for its elegant and experimental cask finish, further cementing Rampur's growing legacy in the international whisky landscape. The John Barleycorn Awards are among the most respected honours in the spirits world, judged by leading writers and industry veterans who spotlight craftsmanship, quality, and innovation across categories. Mr. Sanjeev Banga, President – International Business, Radico Khaitan Ltd., said, 'It is truly gratifying to see Indian single malts gaining such remarkable global recognition. Rampur's consistent wins at international platforms mark a meaningful milestone for us. These accolades reaffirm our belief that when whisky is crafted with authenticity, passion, and purpose, it resonates across cultures and continents. We are proud to share this moment with our teams and our consumers who believe in our journey.' Mr. Kunal Madan, Vice President – International Business, Radico Khaitan Ltd., added, 'Rampur Jugalbandi #6 is a testament to our bold and evolving whisky craft. This win places it among the world's finest, reflecting a uniquely Indian story of innovation rooted in tradition. The Jugalbandi series reflects our creative vision, and expressions like Jugalbandi #5 and Rampur Select continue to showcase the versatility and craftsmanship at the heart of Rampur. These recognitions inspire us to keep pushing the boundaries of innovation while staying true to our roots.' For Radico Khaitan, these recognitions reflect a long-term commitment to crafting luxury spirits of international calibre. The secret to Rampur's appeal lies in its Himalayan provenance — the region's seasonal extremes, especially the intense Indian summer, lend the whisky a maturity and complexity that's hard to replicate. Crafted at the historic Rampur Distillery, Rampur Select reflects the warmth of the Indian summer, layered with vanilla, spice, and hints of caramel. Jugalbandi #5, finished in Tokaji casks, marries Indian character with European refinement. Jugalbandi #6, finished in Madeira casks, explores a deeper, more opulent flavour profile — a bold step forward for Indian malts. With growing demand across the United States, Europe, and global travel retail zones, the Rampur portfolio continues to establish new benchmarks for premium Indian whiskies. Radico Khaitan Limited at a Glance Radico Khaitan Limited ('Radico Khaitan' or the Company) is among the oldest and one of the largest manufacturers of IMFL in India. Earlier known as Rampur Distillery Company, Radico Khaitan commenced its operations in 1943 and over the years emerged as a major bulk spirits supplier and bottler to other spirit manufacturers. In 1998 the Company started its own brands with the introduction of 8PM Whisky. Radico Khaitan is one of the few companies in India to have developed its entire brand portfolio organically. The Company's brand portfolio includes Rampur Indian Single Malt Whiskies, Sangam World Malt Whisky, Kohinoor Reserve Indian Dark Rum, Spirit of Victory 1999 Pure Malt Whisky, Jaisalmer Indian Craft Gin, Royal Ranthambore Heritage Collection Royal Crafted Whisky, Morpheus and Morpheus Blue Brandy, Magic Moments Vodka, Magic Moments Remix Pink Vodka, Magic Moments Verve Vodka, Magic Moments Dazzle Vodka (Gold & Silver), 1965 The Spirit of Victory Premium XXX Rum and Lemon Dash Premium Flavored Rum, After Dark Whisky, 8PM Premium Black Whisky, 8PM Whisky, Contessa Rum and Old Admiral Brandy. Radico Khaitan is also one of the largest providers of branded IMFL to the Canteen Stores Department (CSD), which has significant business barriers to entry. The Company has distilleries situated in Rampur, Sitapur and Aurangabad, Maharashtra which is a 36% joint venture. The Company has a total owned capacity of 320 million litres and operates 43 bottling units (5 owned, 29 contract and 9 royalty bottling units). It is also one of the largest exporters of Alcoholic beverages from India, with brands available in over 102 countries. To View the Image, Click on the Link Below: Rampur Jugalbandi #6 Crowned Best World Single Malt at John Barleycorn Awards 2025 (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.).
Time of India
17-07-2025
- Business
- Time of India
Big liquor brands regain market share after excise policy changes in AP
Vijayawada: Many liquor brands that went off the shelves in the last five years have now not only made a comeback but also regained significant market share in Andhra Pradesh. The overall market share of liquor brands owned by multinational companies (MNCs) and brands with a national presence have reached 56% — an increase of more than 150% compared to their presence during the previous YSRCP regime. The market share of lesser-known brands has decreased to just 7%, which used to be 68% during the previous regime. None of the suppliers have more than 20% of the market share. According to excise minister Kollu Ravindra, the reason for the increase in market share of well-established brands is the automated order-placing system. "We are placing orders as per the demand from consumers. We didn't do anything either to favour a particular brand or to prevent any brand from accessing the market in AP. Our system places indents based on the demand and supply mechanism without any manual intervention," explained Ravindra. While MNCs had a negligible presence during the previous regime, a few companies with national presence like Tilak Nagar Industries (8%), Radico Khaitan (6%), and Jagatjit Industries (3%) got a share in the market before the NDA govt came to power in the state in June 2024. The other top 25 brands together had only 11% of the market share. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like You Won't Believe the Price of These Dubai Apartments Binghatti Developers FZE Get Offer Undo After the change of policy by the NDA govt in the state, the market share of Tilak Nagar Industries increased to 12%, while that of Radico Khaitan rose to 18%. Pernod Ricard and United Spirits, which vanished from the state during the previous regime, have now gained 7% and 12% market share, respectively. Even the market share of other top 25 brands has increased from 11% to 18% after the NDA govt came to power. Another significant difference, according to Ravindra, is the reduction in illicit liquor. "There has been a remarkable improvement on this front as nine districts have been declared illicit liquor-free. Non-availability of favoured brands is one reason for people to opt for illicit liquor. Operation Navodayam launched against this menace is giving good results, and we are confident of making more districts arrack-free in the coming days," said Ravindra. HIC HIC HOORAY Market share of various companies before and after the new excise policy (in %) MNC Brands United Spirits | 0 to 11.4 Pernod Ricard | 0 to 7.3 Brands with national presence Radico Khaitan | 6.2 to 18.3 Tilaknagar Industries | 8.2 to 11.4 Allied Blenders | 1.4 to 7.7 InBrew | 1.8 to 6.6 John Distilleries | 0 to 6.2 Other Top 25 brands 11.1 to 19.3 Lesser-known brands 68.2 to 7.2 Prices have come down by Rs 10 to Rs 100 on various brands of liquor and beer Excise dept estimates Rs 110 crore savings per month for consumers due to price reduction Prices of 30 brands having a market share of 87% in AP are lower than in Telangana, Karnataka, and Tamil Nadu
