BEER MARKET
Rising interest from high net worth individuals keep alcobev market in high spirits
India's alcoholic beverages market is gaining traction with mid-sized funding deals due to rising demand for craft beers, artisanal gins, and whiskies. Market drivers include premiumisation and a younger consumer base. Notable deals include Nao Spirits, Woodsmen Mountain Whiskey, and Proost beer, indicating strong growth in the sector.
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.
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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.
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.
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.
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.
Do the Indian equity markets now resemble a mug of beer that has been poured too quickly? What investors should do
As seasoned investors know, markets rarely move in a straight line. Periods of exuberance are often followed by reality checks. The best investment decisions are often made when you’re swimming against the tide of popular sentiment. So, while the markets continue their upward trajectory, it might be wise to temper enthusiasm with a healthy dose of caution.
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.
Japanese alcoholic beverage maker Suntory sets up India subsidiary
Suntory India, led by Tak Niinami, expands its iconic beverage brands like Yamazaki and Jim Beam in India. With a revenue of USD 20.9 billion, Suntory aims to cater to India's growing market through a wide range of offerings including spirits, wines, and beers.
Are lab-grown diamonds forever? Examining their impact on the natural gems business
It’s 2024, and that carefully crafted chain of the diamond business is now being disrupted. Enter lab-grown diamonds (LGD). A lab-grown diamond, priced a fifth of a stone coming from a De Beers mine in Africa or from the Russian giant Alrosa, looks indistinguishable from a mined diamond. That alone has kindled consumer demand.
India-Pak T20 Clash: Pubs, quick commerce startups win the game
Makers of snacks, munchies and soft drinks said they saw a 25-30% surge in sales of such impulse categories on Sunday compared to regular weekends, especially of bigger, sharing packs, on e-commerce platforms. "Sales orders of large packs started to pick up around 12 noon onwards, as people began to stock up for the evening to watch the match indoors with friends and family," said a sales executive at a cola company.
Kiran Gems’ Rajesh Lakhani buys sea-view luxury apartment in Worli for Rs 97 cr
Rajesh Labhubhai Lakhani, director of Kiran Gems, buys a luxury apartment in Mumbai's Three Sixty West tower. The tower includes The Ritz-Carlton Hotel. Kiran Gems is a sightholder authorized to buy rough diamonds from De Beers Group.
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”.
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.
Japanese Co Kirin to invest $25m more in B9 beverages
The transaction, made through purchase of fresh shares, will boost Kirin's holding in B9 Beverages beyond the current nearly 20%, the executives said requesting anonymity. Another American financial investor is also close to investing $25 million for an additional stake in B9 Beverages, which is expected to be closed in the coming weeks, said one of the executives cited above.
Beer in Karnataka may get costlier from next month. Check all details here
The Congress government plans to increase duty on beer by 10 percentage points to boost demand for Indian-Made liquor, which is a significant revenue-earner for the state exchequer. This decision comes a month before the state budget and is expected to raise the price of a 650ml beer bottle by Rs 8 to Rs 10. The government aims to bolster the sales of Indian-Made liquor, which have been declining, by making beer more expensive. However, some argue that reducing Indian-Made liquor prices would stimulate revenue.
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