Illicit trade at ₹7.97-lakh cr in FMCG, textile, alcohol, tobacco sectors: FICCI
The problem is severe in the textiles and apparel business where the illicit market size could be ₹4,03,915 crore, over 50% of India's illicit trade in these sectors
The problem is severe in the textiles and apparel business where the illicit market size could be ₹4,03,915 crore, over 50% of India's illicit trade in these sectors
The Diageo-owned company's stock fell 5.6% to ₹770 apiece on the National Stock Exchange (NSE).
The company will first launch ready-to-drink beverages from global portfolio and eventually manufacture under its IMFL brands too.
The rising brewpub culture in cities like metros and select tier towns has also made the consumer more experimental.
A regular listee on the Fortune India Next 500 since 2015, Radico Khaitan’s double-digit growth, backed by premium product offerings, has propelled the liquor manufacturer into the big league.
Diageo’s global scotch whisky ambassador Tom Jones says while one can collect fine spirits like Johnnie Walker, you should buy whisky to enjoy it.
Passion for the liquor trade has made Abhishek Khaitan, MD of the branded spirits manufacturer, build top-selling premium brands by targeting niches.
The chief blender of Suntory talks about his special blend which was recently launched in India by the company along with its most popular Japanese whiskies Yamazaki and Hibiki, and craft gin Roku.
Pernod Ricard’s Guillaume Girard Reydet says the French firm is in the business of ensuring quality moments of ‘sharing’ a good drink. He thinks India needs more places where people can do that.
Moët Hennessy Asia-Pacific head Laurent Morel sees a growing trend of cocktail culture and premiumisation in India, allowing the brand to chart new growth territories.