BEER
Tanishq in pact with De Beers to promote natural diamonds
India has surpassed China and is now the second-largest global market for natural diamond jewellery after the US. De Beers and Tanishq announced a partnership to promote natural diamonds in India. With growing demand and low penetration, this initiative aims to boost consumer awareness and confidence in natural diamonds.
India overtakes China in natural diamond consumption as De Beers partners with Tanishq
India is now the second largest market for natural diamond jewellery after the US, surpassing China. De Beers has partnered with Tanishq to promote natural diamonds in the country. The collaboration aims to boost consumer education and interest, driven by India’s vibrant economy, growing middle class, and significant potential for further growth in diamond jewellery consumption.
Diamond houses strive to win back choosy Chinese buyers, plan $8-10 mn campaign with DeBeers
Last week, a meeting of natural diamond houses was held in Mumbai to discuss the road ahead. They have overcome the sudden crunch during the financial meltdown of 2008-09, but are sensing a different challenge this time around. Even De Beers, once a force to be reckoned with, is weighing new strategies.
Discover the UK's first beer spa: A blissful Ale bath experience at The Norfolk Mead Hotel
The UK's first beer spa, located at The Norfolk Mead Hotel near Norwich, combines beer and relaxation. This new wellness concept, which has generated excitement, is expected to boost both guest experience and hotel success.
Carlsberg to retain strategy post-full ownership of Indian ops, eyes accelerated investment
Carlsberg’s global CEO, Jacob Aarup-Andersen, confirmed that the Danish brewer does not plan a new strategy for India after acquiring full ownership of its Indian and Nepalese operations from the Khetan Group. The move, expected to finalize in a few months, will enable Carlsberg to boost investments and leverage opportunities in the rapidly growing Indian beer market, which is expanding four times faster than the overall segment. Andersen noted that while no dramatic strategy changes are anticipated, the company aims to enhance its market presence with increased control and investment.
Manufacturing-backed expansion: Bhopal-based SOM Group looks to improve share in alco-beverage market
The Group has a reasonable grasp of the regulatory framework that guides the business. States differ in their excise duty structure, tax structure, pricing mechanism, import/export policies, and taxes.
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This Indian craft beer maker is betting on a $70 million beer factory to take on global brews
B9 Beverages Ltd, supported by Kirin Holdings, aims to surpass global beer brands by building India’s largest beer factory for $70 million. The company is planning a 2026 public listing and partnered with Morgan Stanley for fundraising, focusing on expanding production and enhancing profitability.
Yusuf Dikec’s new swag: Pistol turns to beer can. Elon Musk joins the meme celebration
Turkish shooter Yusuf Dikec became an internet sensation following his silver medal win in the mixed 10m Air Pistol event at the Paris 2024 Olympics. Noted for his relaxed style and casual attire, Dikec's fame was further boosted by social media interactions, including a meme shared by Elon Musk.
India plans tougher ad curbs on liquor makers such as Carlsberg, Diageo, Pernod
The new rules call for "prohibition against engaging in surrogate advertisement", which extends to sponsorships and ads for products viewed as "brand extensions" that share the characteristics of an alcohol brand, the draft said.
Carlsberg to acquire remaining 33% stake in Carlsberg South Asia from partner in USD 744-million deal
Carlsberg is acquiring the remaining 33.33 per cent stake in Carlsberg South Asia Pte. Ltd. (CSAPL) from its partner for USD 744 million, gaining full control of its businesses in India and Nepal. The deal includes acquiring a further 9.94 per cent shares in Gorkha Brewery Private Limited (GBPL). Carlsberg CEO Jacob Aarup-Andersen expressed satisfaction with the agreement, emphasizing the strategic importance of expanding in the Indian market. The transactions are expected to be completed in Q4 2024, subject to certain conditions.
Carlsberg to buy out residual stakes in India, Nepal units
After the transaction, the Indian entity - Carlsberg South Asia (CSAPL) - will become a wholly-owned subsidiary of Carlsberg. Carlsberg's stake in Nepal's Gorkha Brewery (GBPL) will rise to 99.94%.
Heineken misses half-year estimates, takes a near $1 billion hit from China
Heineken raised its full-year profit guidance despite missing half-year estimates and incurring an €874 million impairment. The world's second-largest brewer reported a 12.5% rise in half-year operating profit. CEO Dolf van den Brink cited solid first-half performance and investment plans. New guidance predicts 4-8% organic profit growth for 2024, below analysts' 8.2% expectation.
Donald Trump's viral image after assassination attempt now on Beer can. Details here
Donald Trump's viral post-failed assassination attempt image is now being featured on beer can.
United Spirits invests in non-alcoholic and coffee-based alcohol companies to fuel new growth
The company will acquire 15% in V9 Beverages that markets and sells India’s first distilled non-alcoholic spirit brand Sober Gin, Sober Rum and Sober Whiskey while it has agreed to purchase 25% in Indie Brews and Spirits, the maker of Quaffine, India’s first cold brew coffee liqueur.
Non-alcohol is the only market segment with positive momentum in several markets including India - IWSR
The non-alcohol market segment is experiencing growth due to an increase in no-alcohol drinkers in key markets like India, China, the UK, and the US. Non-alcoholic beverage categories such as beer, wine, and spirits showed significant volume surges. The trend is driven by a shift towards healthier choices, diverse product offerings, and regulatory pressures, leading to long-term lifestyle changes and the emergence of new beverage categories catering to all generations of consumers.
Local beer makers call the shots in value segments; gain combined mkt share by 400 bps
India's largest beer brands, United Breweries and AB InBev, have lost a significant market share to local brands like British Empire, Godfather, Cobra, and Khajurahuo. This comes after global companies shifted their focus to higher margin premium brands, resulting in a 4% market share loss. The decline is attributed to limited funds and acquisitions compared to multinationals.
Bira91 maker brews plans to tap capital market in 2026
The development comes amid supply shortages of Bira91 over the past few quarters across some of India's largest spirits markets including Delhi, Karnataka and Haryana, profitability pressures, and a surge of competitors in the craft beer space.
Oktoberfest in Sept, non-beer biergarten
Die Null, Munich's first alcohol-free biergarten, opens during Oktoberfest. Mayor Dieter Reiter is applauded. Renowned for beer and lederhosen, the city embraces post-hangover chic. Residents enjoy sparkling water, mocktails, juices, beer-free beer, and dandelion wine-like schnapps. Silent accordion vibes replace rowdy cheers, celebrating clear-eyed Mondays with non-alcoholic beer mugs in a traditional beer garden.
Swiggy, Zomato, Blinkit, Bigbasket may soon start online liquor delivery in these states. Here are details
Several Indian states are considering pilot projects to allow home delivery of alcohol via online platforms like Swiggy and Zomato, starting with low-alcohol drinks. This move aims to cater to urban expats and diverse consumer preferences, improving convenience while addressing regulatory concerns with strict age verification and compliance measures. Industry executives report increased sales in states where such deliveries are permitted.
Indians like to have a swig of premium beer
Premium beers significantly outpaced the overall beer market in FY24, with a 25-30% volume growth compared to the 8-10% growth of the beer category. Bira91's Taproom pubs in Ludhiana are finding success with flavored premium beers, challenging stereotypes in Punjab. Companies like United Breweries and AB InBev are capitalizing on the trend, with the Indian beer market projected to reach Rs 62,240 crore by 2028, driven by premiumization and changing consumer preferences.
Beer brands missing from Delhi bars, restaurants. Here's why
Delhi faces a beer shortage, impacting sales at various venues. Sudhakar Banerjee notes the absence of popular beer brands at a niche restaurant, affecting customer satisfaction. Restaurateurs struggle with limited stock, leading to sales decline and customer experience issues. The shortage prompts customers to seek drinks in neighboring towns, exacerbating the problem.
Indians battle intense heat with 'mad rush' for air conditioners, beer
Demand for beer in India is at a multi-year high, and air conditioner sales are skyrocketing due to the intense, unprecedented heat affecting parts of the country. Temperatures in the Indian capital Delhi and the western state of Rajasthan have soared to almost 50 degrees Celsius in recent weeks. Scientists attribute the increasingly severe hot summer to human-driven climate change.
UBL, AB-InBev, Carlsberg jointly form Brewers' Association of India
The Brewers' Association of India (BAI) was officially launched by the country's leading beer manufacturers, United Breweries (UBL), AB-InBev, and Carlsberg, in partnership with the World Brewing Alliance (WBA). This new industry body aims to drive innovation, moderation, and sustainability in the Indian beer market. UBL, AB-InBev, and Carlsberg together hold about 85 per cent of the beer sales in India, with UBL leading the market with brands like Kingfisher and Heineken.
Top beer companies launch a new brewers association in India, backed by World Brewing Alliance
Brewers Association of India (BAI) is being established in partnership with the World Brewing Alliance (WBA), the global industry body consisting of brewers and brewing trade associations from Australia, Canada, the UK, the USA, Europe, Japan, Korea, Latin America, Brazil, New Zealand, Nigeria and now India. The goal of WBA is to exchange knowledge and best practices among brewers and other stakeholders.
India not one market, state-wise focus crucial: Heineken
Heineken, the world's second-largest brewer, is impressed by India's business environment and progressive policies, especially in the beer sector. Despite challenges like high taxes on beer compared to spirits, India's promising demographics and increasing affluence make it an attractive market. Heineken's Indian arm, United Breweries, sees significant growth potential, with plans to capitalize on branding and market execution. India's net revenue for Heineken has increased 20% organically, driven by volume and positive price mix.
With spruced-up dives, classy cocktail bars and bigger-than-ever microbreweries, Bengaluru’s drinking scene gets even more spirited
Before it became synonymous with traffic, one of Bengaluru’s identities— apart from the sedate “pensioners’ paradise” and “garden city”—was the cooler “pub city”. Draught beer was the precursor to craft beer—in the 1980s, it was a novelty, spawning a host of pubs on the central MG Road and Brigade Road. The city’s “pub culture”, says a 1987 India Today article, enthusiastically, “is bringing bubble and froth to the lives of many in the middle and upper class”.
Local alcobev industry to grow at 8-10 pc in FY25, margins to expand: Report
Indian-made foreign liquor (IMFL) companies are expected to witness 11-13 per cent revenue expansion supported by a preference towards premium products amid volume growth of 3-5 per cent on a high base of FY2024, the report by rating agency ICRA said.
Indian alcohol cos can raise a toast to higher sales, better margin: ICRA
ICRA predicts a positive outlook for the alcohol industry in FY2025, with revenue growth expectations for domestic companies and IMFL companies, alongside a promising season for beer companies.
Pre-IPO party: Tiger Pacific Capital latest to pour into Bira 91 Keg
Tiger Pacific Capital acquires 4% of B9 Beverages for $25 million, strengthening its capital base. The acquisition includes strategic partners and blue chip financial sponsors across geographies. Ankur Jain plans to raise $50 million for pre-IPO companies and listed securities.
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