Tag
Alcoholic Beverages
11 articles
The Indian alcoholic beverage sector is navigating a complex landscape of regulatory challenges, strategic shifts, and financial performance divergence. Several companies, including Som Distilleries, faced significant profit declines due to license suspensions and tax disputes, while Globus Spirits reported robust revenue and profit growth, driven by increased capacity and strong performance in its Prestige & Above segment. Meanwhile, companies like Cupid Breweries are pursuing acquisition-led growth strategies, and Jagatjit Industries benefited from a substantial property sale to improve its balance sheet, though underlying operational challenges persist. These developments highlight the sector’s sensitivity to regulatory oversight and the importance of strategic initiatives for sustainable growth.
Jasvinder Singh Granted Bail in Liquor Case
The High Court of Chhattisgarh granted regular bail to Jasvinder Singh, arrested on 07‑09‑2026 for alleged excise violation.
The case involved seizure of 27.3 bulk liters of illicit Budweiser beer fro
ABDL Arbitration Against CSD Terminated on Jurisdiction
Allied Blenders disclosed termination of arbitration against Canteen Stores Department due to lack of jurisdiction.
Sole Arbitrator ruled no arbitration agreement exists, terminating proceedings witho
Allied Blenders Promoter Sells 1.97% Stake
Promoter Bina Kishore Chhabria to sell up to 55 lakh shares (1.9663%) to achieve minimum public shareholding compliance.
Sale period set from September 23, 2026 to October 31, 2026 through open market
Globus Spirits FY26 Revenue Rises 7% with 280% PAT Surge
Globus Spirits reported 7% revenue growth to ₹3,621 crore with PAT surging 280% to ₹949 million and EBITDA up 68% to ₹2,728 million in FY26.
The company recommended a dividend of ₹6.53 per share and e
Globus Spirits Q1FY27 Analyst One-on-One Meet
Globus Spirits intimates a scheduled virtual one-on-one analyst/investor meeting on September 15, 2026, at 3:30 PM.
The meeting will utilize the Q1FY27 investor presentation already available on the c
Cupid Breweries Reports FY26 Loss, Pursues Acquisition Strategy
Cupid Breweries reported a consolidated net loss of ₹367.14 lakh for FY26 with no operational revenue, while pursuing an acquisition-led growth strategy through subsidiaries.
The company completed acq
Suraj Industries Reports FY26 Loss Amid Strategic Expansion
Suraj Industries Ltd reported standalone net loss of ₹191.70 lakhs for FY26 with revenue declining to ₹2,563.13 lakhs as it discontinued edible oil operations to focus exclusively on alcoholic beverag
Som Distilleries FY26 Profit Plunges 90% on License Suspension
Som Distilleries reported a 90% decline in consolidated PAT to ₹10.09 crore for FY26 due to regulatory disruptions and input cost pressures.
The company's Bhopal manufacturing license was suspended in
Chambal Breweries FY26 Net Loss ₹19.44 Lakh
• Submitted 41st Annual Report for FY 2025-26 to BSE pursuant to SEBI LODR Regulation 34(1).
• Reported zero operational revenue with net loss of ₹19.44 lakh, widening from ₹8.32 lakh previous year.
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Jagatjit Industries FY26 Net Profit ₹10.48 Crores on Property Sale
Reported consolidated net profit of ₹989 lakhs for FY26, a significant improvement from ₹2,345 lakhs loss in FY25, driven by ₹9,530 lakhs property sale gain.
Strategic deleveraging through Gurugram pr
Fratelli Vineyards Promoter Acquires 20.79% via Gift
Fratelli Vineyards discloses inter-se transfer of 90.37 lakh shares (20.79% stake) by way of gift among promoter group members.
Bhupinder Kumar Sekhri acquired shares from four family members, increas