Latest news with #JaisalmerIndianCraftGin
NDTV
29-05-2025
- Business
- NDTV
Radico Khaitan Withdraws 'Trikal' Name For New Whisky After Backlash
New Delhi: Homegrown AlcoBev firm Radico Khaitan has withdrawn the brand name 'Trikal' for its new range of single malt whisky as the company faced criticism over the same. In a regulatory filing, Radico Khaitan said withdrawal of brand name "is not just a business decision, it is a gesture of respect, reflection, and our unwavering commitment to honour the sentiments of our people and our country". The company said, "We understand that concerns have been raised regarding the brand name. As a responsible and sensitive organisation, post internal review, we have decided to withdraw the brand." Radico Khaitan is the maker of award-winning single malt 'Rampur' and Jaisalmer Indian Craft Gin. Besides, it owns IMFL brands as 8 PM Whisky and Magic Moments Vodka. Earlier this month, the company announced to launch of two new products - Trikal Indian Single Malt and Morpheus Super Premium Whisky - as per its endeavour to amplify its play in the premium segment. According to some media reports, the company faced challenges in Uttarakhand, where it was believed to have been denied permission. Moreover, it also faced some backlash on social media platforms, as imagery on the product label had a resemblance to a religious iconography. However, the company said the name 'Trikal' comes from Sanskrit which means 'three times', referring to the past, present, and future. "It reflects our deep-rooted belief in honouring India's rich heritage while embracing progress and innovation. 'Trikal' is not just a name; it is a tribute to the timeless spirit of India, to the hands of our artisans, and the soul of our culture," it said. Shares of Radico Khaitan were trading at Rs 2,490.65 apiece on the BSE on Thursday afternoon, up 1.43 per cent from the previous close.
Deccan Herald
29-05-2025
- Business
- Deccan Herald
'Rampur' makers withdraw brand name 'Trikal' for single malt whisky over religious iconography
Radico Khaitan is the maker of award-winning single malt 'Rampur' and Jaisalmer Indian Craft Gin. Besides, it owns IMFL brands as 8 PM Whisky and Magic Moments Vodka.
Hans India
25-05-2025
- Business
- Hans India
Radico Khaitan's Q4 net profit falls 3.57 pc, expenses up
Radico Khaitan has posted a net profit of Rs 92.07 crore in the fourth quarter (Q4 FY25), down sequentially by around 3.57 per cent compared to Rs 95.48 crore in the previous quarter (Q3 FY25). During the same period, Radico Khaitan's total expenses rose to Rs 4,365.37 crore, up by 1.24 per cent from Rs 4,312.09 crore in Q3. However, the fall in profit came despite an increase in total income and revenue from operations. Total income grew to Rs 4,486.8 crore, marking a rise of 1.01 per cent, while revenue from operations increased by 1 per cent to Rs 4,485.42 crore. For the full fiscal year ending March 31 (FY25), Radico Khaitan's net profit jumped 31.8 per cent to Rs 345.61 crore from Rs 262.17 crore in the previous financial year (FY24). Its total consolidated income reached Rs 17,103.38 crore, marking a 10.4 per cent increase over FY24. With this, Radico Khaitan has crossed the $2 billion revenue mark and recorded its best-ever financial performance. The company reported an 18 per cent year-on-year (YoY) revenue growth and its highest-ever full-year EBITDA of Rs 668 crore. In terms of volumes, the company achieved solid growth. Its total IMFL (Indian Made Foreign Liquor) volume stood at 9.15 million cases in Q4, a rise of 27.9 per cent. The Prestige and Above brands contributed 3.40 million cases, or 39.1 per cent of total IMFL volumes, growing 16.8 per cent over the previous quarter. Radico Khaitan, known for premium brands like Rampur Indian Single Malt and Jaisalmer Indian Craft Gin, plans to launch two new luxury brands in Q1 FY26. The company also aims to enter the super-premium whisky segment in the first half of the new financial year. Managing Director Abhishek Khaitan credited the strong momentum from Q3 for the company's 28 per cent volume growth in Q4 -- its highest quarterly growth in the past three years. Chairman and Managing Director Lalit Khaitan described FY25 as a landmark year for the company, driven by premiumisation and continued expansion in high-growth categories.
Time of India
18-05-2025
- Business
- Time of India
radico khaitan: India-UK FTA: Duty concession on Scotch to boost premium drive of Indian distillers
ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT Indian premium whisky distillers expect that the duty concessions on Scotch imports under the India-UK free trade agreement will help improve their margins and speed up growth. A lower customs duty on bulk Scotch, used by many Indian Made Foreign Liquor (IMFL) companies for blending, will reduce costs and make premium spirits more affordable in the Indian market, which is the world's largest for whisky, they the trade pact, announced earlier this month, India will reduce duties on UK whisky and gin from 150 per cent to 75 per cent, and further to 40 per cent by the tenth players like Radico Khaitan , Allied Blenders & Distillers (ABD), and John Distilleries said the move will give Indian consumers more choices and better access to high-quality Khaitan, the largest importer of Scotch whisky for blending and which owns award-winning single malt 'Rampur' and Jaisalmer Indian Craft Gin, said the FTA has "significant potential" for cost advantages through the expected reduction in customs duties."Radico plans to import scotch malt worth Rs 250 crore in fiscal year 2025-2026, and this treaty, therefore, benefits us substantially," Radico Khaitan MD Abhishek Khaitan told similar views, Allied Blenders & Distillers (ABD), makers of Officer's Choice Whisky, said it has opened new avenues for collaboration, besides helping make the super-premium to luxury portfolio more accessible."...this agreement will also benefit ABD's Super-Premium to Luxury portfolio by making these products more accessible. We anticipate this will offer Indian consumers greater choice and the opportunity to enjoy a wider range of high-quality spirits," the company to data from the Scotch Whisky Association, India was the largest market for Scotch by volume in 2024, with 192 million bottles exported. In value terms, it ranked fourth with exports worth 248 million British Amrut Distilleries MD Rakshit N Jagdale raised concerns about the duty concessions, saying the steep reduction in duties could hurt India's domestic alcohol reduction of import duties on Scotch whisky from 150 per cent to 75 per cent in one step is "alarmingly" steep, he said."This move risks disincentivising future expansion projects within the Indian distillation sector projects that not only contribute to manufacturing GDP but also generate significant direct and indirect employment across the supply chain, from agriculture to retail," he said, adding that it will help increase in import volumes and exports are likely to be openness to global trade is vital, it must not come at the cost of long-term self-reliance, manufacturing growth, and job creation, Jagdale Distilleries Chairman Paul P John said this FTA may have a short-term impact on Indian products, but he hopes that it will allow better ease of business for Indian products in the the impact on retail pricing, John said, "At this stage, it's premature to comment on specific pricing strategies. We are monitoring the developments of the India-Uk FTA and will assess the implications once the details are finalised".According to data from the Confederation of Indian Alcoholic Beverage Companies (CIABC), sales of IMFL have grown 14 per cent by volume to 385 million cases in FY23, in which the premium products priced over Rs 1,000 per 750 ml bottle have grown over three times from the industry average to 45 per FY23, whisky sales volume of 243 million cases of 9 litres each was some of the homegrown brands of single malts as Amrut, Paul John, Indri, Rampur and Gianchand, among others, have even surpassed global brands in 2023.
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Business Standard
18-05-2025
- Business
- Business Standard
Indian distillers expect India-UK FTA duty cuts on scotch to boost growth
Indian premium whisky distillers expect that the duty concessions on Scotch imports under the India-UK free trade agreement will help improve their margins and speed up growth. A lower customs duty on bulk Scotch, used by many Indian Made Foreign Liquor (IMFL) companies for blending, will reduce costs and make premium spirits more affordable in the Indian market, which is the world's largest for whisky, they added. Under the trade pact, announced earlier this month, India will reduce duties on UK whisky and gin from 150 per cent to 75 per cent, and further to 40 per cent by the tenth year. Home-grown players like Radico Khaitan, Allied Blenders & Distillers (ABD), and John Distilleries said the move will give Indian consumers more choices and better access to high-quality spirits. Radico Khaitan, the largest importer of Scotch whisky for blending and which owns award-winning single malt 'Rampur' and Jaisalmer Indian Craft Gin, said the FTA has "significant potential" for cost advantages through the expected reduction in customs duties. "Radico plans to import scotch malt worth Rs 250 crore in fiscal year 2025-2026, and this treaty, therefore, benefits us substantially," Radico Khaitan MD Abhishek Khaitan told PTI. Sharing similar views, Allied Blenders & Distillers (ABD), makers of Officer's Choice Whisky, said it has opened new avenues for collaboration, besides helping make the super-premium to luxury portfolio more accessible. "...this agreement will also benefit ABD's Super-Premium to Luxury portfolio by making these products more accessible. We anticipate this will offer Indian consumers greater choice and the opportunity to enjoy a wider range of high-quality spirits," the company said. According to data from the Scotch Whisky Association, India was the largest market for Scotch by volume in 2024, with 192 million bottles exported. In value terms, it ranked fourth with exports worth 248 million British pounds. However, Amrut Distilleries MD Rakshit N Jagdale raised concerns about the duty concessions, saying the steep reduction in duties could hurt India's domestic alcohol industry. The reduction of import duties on Scotch whisky from 150 per cent to 75 per cent in one step is "alarmingly" steep, he said. "This move risks disincentivising future expansion projects within the Indian distillation sector projects that not only contribute to manufacturing GDP but also generate significant direct and indirect employment across the supply chain, from agriculture to retail," he said, adding that it will help increase in import volumes and exports are likely to be outpaced. While openness to global trade is vital, it must not come at the cost of long-term self-reliance, manufacturing growth, and job creation, Jagdale added. John Distilleries Chairman Paul P John said this FTA may have a short-term impact on Indian products, but he hopes that it will allow better ease of business for Indian products in the UK. On the impact on retail pricing, John said, "At this stage, it's premature to comment on specific pricing strategies. We are monitoring the developments of the India-Uk FTA and will assess the implications once the details are finalised". According to data from the Confederation of Indian Alcoholic Beverage Companies (CIABC), sales of IMFL have grown 14 per cent by volume to 385 million cases in FY23, in which the premium products priced over Rs 1,000 per 750 ml bottle have grown over three times from the industry average to 45 per cent. In FY23, whisky sales volume of 243 million cases of 9 litres each was recorded. Moreover, some of the homegrown brands of single malts as Amrut, Paul John, Indri, Rampur and Gianchand, among others, have even surpassed global brands in 2023. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
