United Breweries Limited (UBL) recently announced the launch of its iconic premium beer brand, Amstel Grande, in India. The grand unveiling took place at an immersive event in Mumbai, where the entire theme transported attendees to the streets of Amsterdam. With this launch, UBL introduces a new era of premium beers in India, combining brewing excellence with over 150 years of heritage from Amsterdam.
The event saw the presence of celebrities including Aditya Roy Kapoor, Rannvijay Singha, Varun Sood, Raghu and Rajiv, Kusha Kapila, Jim Sarbh, Barkha Singh and Ahsas Channa.
Amstel Grande promises to offer Indian consumers an unparalleled beer experience, thanks to its secret ingredient: time. The beer is slow brewed and matured longer, allowing its flavours to fully develop, resulting in a rich, smooth taste. Crafted using the finest quality barley, unique Dutch yeast, and carefully selected hops, each sip of Amstel Grande is a testament to the brand’s unwavering commitment to quality.
Speaking about the launch, Vikram Bahl, Chief Marketing Officer of United Breweries Limited, said, “We’re thrilled to unveil Amstel Grande, a premium strong beer crafted for the refined tastes of Indian consumers. Through its meticulous slow brewing process and high-quality ingredients, Amstel Grande delivers a truly unique beer experience. Tailored to the Indian market, it’s poised to satisfy the rising demand for premium beers and we are confident it will surpass expectations. Amstel Grande is set to become a standout in our premium portfolio.”
Since 1870, Amstel has embodied the art of brewing, starting with two friends’ dream of a better beer in Amsterdam. Now, as one of Heineken’s iconic brands enjoyed in over 100 countries, Amstel brings its rich heritage to India with Amstel Grande. This premium brew reflects Amstel’s commitment to quality and its philosophy of being ‘Brewed for Bonding’, creating moments for connection and celebration among friends.
Amstel Grande arrives in India after a carefully curated journey, crafted specifically to match Indian tastes. With no added sugar and perfected through extensive global and local testing, it achieved top scores in blind tastings, setting a new standard in premium beer. Offered in 330ml, 500ml, and 650ml, Amstel Grande is designed to suit a variety of preferences, making it an exciting choice for discerning beer lovers.
United Breweries views Amstel Grande as a flagship initiative in the premium beer segment for the coming years. Developed locally in India, this launch meets the demand for a premium strong beer with global appeal and international quality, globally inspired, locally brewed. The packaging, designed with young, premium beer enthusiasts in mind, reflects the beer’s Amsterdam roots with illustrations of iconic Dutch architecture and scenic canals, capturing the charm of Amsterdam in every bottle.
Amstel Grande is now available in Maharashtra, with plans for expansion to other states in the near future. Amstel Grande is competitively priced at ₹160 for 330ml bottle, ₹195 for 500ml can and ₹250 for 650 ml bottle and readily available at leading outlets across Maharashtra.
India’s bar scene is undergoing a vibrant shift with the rise of mixologists hosting exclusive pop-ups. These events are reshaping the nightlife experience, blending diverse global techniques with local creativity and setting the stage for a more dynamic and experimental drinking culture.
What started out as a few brave moves by daring mixologists has now emerged as a fast-rising trend within the bar ecosystem across the globe. This experience, which is now disrupting the bar scene, has not only enhanced the adventure of local bar customers, but makes it possible for them to experience the ethos and have a taste of signature drinks from bars all across the world without ever leaving their city.
Imagine visiting your local bar for your routine cocktail only to find a whole different pop-up menu because a bar from a country – thousands of miles away has brought in their mixologists – to give you an experience of a lifetime. The over $1.6 billion global alcobev market is estimated to reach almost $2.25 billion in 2033, a nearly 40% increase in value over the next 10 years. It is expected that this new culture will play a huge role in making that growth possible.
In India’s $55 billion alcobev industry, the bar takeover trend is making strong waves, revolutionising the experiences of bar owners, nomadic mixologists, and consumers. The trend has become so pervasive that in cities like Kolkata, Delhi, Bengaluru, and Mumbai, visiting mixologists from places such as Hong Kong, Singapore, Italy, and other thriving regions have transformed local bars into a potpourri of international tastes and flavours, leaving a lasting impression.
In our bid to understand the trend and why it has become a critical part of the Indian bar scene, we spoke to operators in the industry who provided rich insights on the subject, as well as what they expect takeovers to achieve in the industry.
Why Have Bar Takeovers Become A Popular Trend In India?
It often takes one try and local bars and their customers fall in love with the takeover experience. For Loya at Taj Palace, New Delhi, bar takeovers are an opportunity to collaborate with award-winning mixologists and establishments who bring world-class innovations and fresh perspectives, elevating the guests’ experience. “These events introduce our patrons to diverse cocktail cultures while staying true to the rich storytelling-centered ethos of Loya,” says Dilbar Singh Rawat, Head Mixologist.
What the above submission suggests is that while bar takeovers bring new experiences through new flavours, bars need to make sure they are in line with their overarching philosophy, culture, and narrative.
This is what Aranya Sain, Associate Director of Food & Beverage at Kolkata’s JW Marriott meant when he said that the styles of mixologists that the brand invites must align with that of the brand. “Hosting mixologists for takeovers and pop-ups allows us to bring fresh talent and global trends directly to our guests, keeping the cocktail scene vibrant.
“Our selection process focusses on collaborating with mixologists who bring innovative techniques, bold flavour profiles, and a shared passion for crafting elevated drinking experiences. We also consider mixologists who have a strong following, ensuring that their style aligns with our brand’s vision of luxury and sophistication,” says Sain.
For these brands, there’s also the place of diversifying their offerings and imbibing learning and knowledge sharing. The constant interplay of culture, experience, and influences enriches the local menu and helps consumers travel around the world of alcobev while remaining in their neighbourhood bar. As Gurjas Sahni, Founder and Partner of Loca says, it is about incorporating different shades and unique perspectives of the same overriding story.
“We not only diversify our cocktail offerings, but also create an atmosphere of learning and inspiration for both our team and patrons. We see it as a way to celebrate the art of mixology and highlight the unique perspectives of these artists. When selecting mixologists, we look for individuals who bring something distinctive to the table – whether it’s through innovative techniques, a deep connection to specific ingredients, or a unique narrative behind their craft,” he says.
Atilla Iskif, who recently visited India for a pop-up with House of Suntory, reflected on the growing trend of bar takeovers. “There’s a real curiosity in India for elevated drinking experiences. People here are eager to try innovative cocktails and explore global trends, which is exciting to see. I think international collaborations will only grow, bringing fresh ideas and flavours to the mix and making India a key destination for progressive mixology. Japanese spirits, especially whisky and gin, have a finesse that resonates beautifully with the evolving Indian palate. House of Suntory’s dedication to heritage and craftsmanship fits perfectly with this growing appreciation for artisanal spirits. I enjoy blending Japanese refinement with Indian ingredients to create something truly unique. The response has been incredible, and I’m confident this trend will continue to grow as people seek more sophisticated and meaningful drinking experiences.”
Assessing The Impact Of The Intrusive Bar Takeover Trend
There are quite a number of stories of how footfalls increase and sales surge during takeovers. While these are important, it is more about the lasting impression, the change in attitude, and the scenery that such experiences create. Siddhant Hule, Brand Ambassador for Himmaleh Spirits enlightens that such pop-up takeovers enhance creative collaborations, support improved curative experiences, are social media-friendly, and promotes tourism and global exposure.
“This brings a fresh and exciting appeal to regular patrons and attracts cocktail enthusiasts eager to try something different. International bartenders and global beverage brands are participating in Indian bar takeovers. Hence, the concept taps into India’s growing exposure to global nightlife trends. Cities like Mumbai and Delhi are positioning themselves as global food and drink destinations, making these events part of a broader trend towards cosmopolitan nightlife,” says Hule.
Indeed, the impact of bar takeovers transcend the four corners of the bar to capture even the benefits it can have on tourism and the broader economy. But this begins with the catalytic effect it has on the consumer’s attitude to try new things, embrace global experiences, and see their local bar as one that is forward-thinking and dynamic. Sahni says it is about the novelty and excitement that the experiences bring.
“They bring a sense of novelty and excitement, as each takeover introduces new cocktails and fresh perspectives, keeping our regular guests engaged while attracting new faces. These events allow customers to explore innovative drinks, interact directly with guest mixologists, and be part of the ever-evolving cocktail scene. “Our collaboration with Sidecar was a milestone for 2fifty9 The Bar, bringing their award-winning mixology and signature blends to our patrons. The event showcased innovative cocktails and cemented our reputation for partnering with the best. We also hosted its first international bar takeover with Yeonghwi Yun of Bar Cham, Seoul, ranked 20 in Asia’s 50 Best Bars 2024. Known for modern Korean mixology, Bar Cham offered a rare taste of Seoul’s vibrant cocktail culture in Kolkata. We’ve definitely noticed an increase in footfall during takeovers, especially from younger, more adventurous crowds eager to try something unique,” he notes.
Sain and Rawat agree with this perspective, adding that bar takeovers attract new and adventurous customers as well. “The allure of a bar takeover lies in the promise of an exclusive, one-of-a-kind experience. For our regular patrons, it’s an opportunity to see their favourite bar at Loya in a new light, with exciting additions to the usual cocktail offerings. Meanwhile, new guests are often drawn by the buzz surrounding the event, especially as word-of-mouth spreads through social media, personal recommendations, and media coverage.
“This increased visibility generates curiosity, encouraging a broader range of guests to attend, from cocktail enthusiasts to those looking for an immersive and memorable night out. As a result, we typically see a noticeable increase in footfall during these events, with both familiar faces and newcomers filling the venue. We’ve had the privilege of hosting bar takeovers featuring some of the world’s most renowned mixologists, representing bars that have earned prestigious spots on both the World’s 50 Best Bars and Asia’s 50 Best Bars lists. These collaborations have truly elevated the experience at our Loya Qissa. Our takeovers have spanned across the globe, with guest bartenders hailing from illustrious venues like Locale Firenze in Italy, Native in Singapore, Vender in Taiwan, and Le Chamber in Korea. Each of these bars is celebrated for its innovation, craftsmanship, and unique approach to mixology, and having their top bartenders behind our bar has been nothing short of phenomenal,” says Rawat. Adding to these perspectives, Hule says there is also the aspect of the craft and how takeovers enhance mixology and promote the work of mixologists.
“Bar takeovers play a significant role in promoting mixology as an art form and are crucial for the growth and recognition of mixologists as these takeovers give mixologists a platform to showcase their creative mastery, exchange knowledge and culture at the bars the takeovers happen, an opportunity to directly interact and engage with consumers, educating them about the products and drinks being served making takeovers very important from the point of view of mixologists and brands,” he states.
Sharing his viewpoint, Iskif explains, “Bar takeovers and pop-ups are an exciting way to bring my personal style and craft to different audiences. The inspiration comes from the desire to push boundaries and introduce new experiences to people who might not have the opportunity to visit my bar. These events allow me to share my passion for mixology with a broader audience, engage directly with guests, and gain fresh perspectives on how different cultures interact with cocktails.”
Challenges And Obstacles To Successful Takeovers
Challenges of logistics, planning, and preparation often hamper successful takeover events. This is why understanding what is needed and planning ahead is important. Although the element of surprise can be good, it is always best to pre-inform your customers and people in the city of a takeover event and plan ahead based on estimated attendance. A typical issue to resolve is who takes care of the travel and logistics cost; the host bar or the visiting team?
When resolved, it is important to follow up to ensure nothing goes wrong. More importantly, the host bar has a role to play to ensure that guests show up in large numbers to make the experience worth it. Guest mixologists must also be properly accommodated, move around the city seamlessly, and well taken care of. Another major aspect is the event itself.
One thing that Rawat talks about is the availability of ingredients. “One of the primary tasks is making sure that all the necessary ingredients are available in sufficient quantities and meet the quality required for the event. This involves coordination with suppliers to source rare or specialised ingredients that might not typically be used in our regular menu. It also requires close communication with the guest mixologist to understand their cocktail recipes, preferred brands, and any unique components that may need to be procured well in advance,” he says.
As for Sahni, it is more about ensuring that the bar setup meets the specifications of the visiting mixologist. “One of the main challenges is aligning our bar setup with the guest mixologist’s specific requirements. They may bring in unique ingredients, equipment, or techniques that our team needs to adapt to. This requires detailed pre-event coordination to make sure we have everything on hand and that our space is conducive to their style.
“We also need to prepare our staff thoroughly. This involves briefing them on the special cocktails being served, any new methods or ingredients the mixologist will use, and the flow of the event,” he adds.
The Future Of The Bar Scene In The Face Of Rising Takeovers
It is clear that bar pop-up takeovers have come to stay. With positive feedback across the board and a desire to continue to innovate and curate new experiences, there’s no limit to what the future holds. This is what Rawat suggests when he says there’s so much to look forward to in the future. “As customers increasingly seek out curated, bespoke experiences that go beyond the ordinary, bar takeovers have become a way for venues to stand out in a competitive market.
“They provide a platform for experimentation, where bartenders can push boundaries and patrons can engage with something new and exciting. Moving ahead, we are confident that this trend will continue to grow and evolve, becoming a significant part of the nightlife landscape in India.” However, he warns that venues and visiting mixologists have a role to play to sustain the growth trend, especially in the area of maintaining high standards and being flexible.
Sain’s opinions are similar to those of Rawat with regards to sustaining the trend. According to him, all hands must be on deck. “As long as we continue to innovate and keep the experiences fresh – whether through unique themes, storytelling, or collaborations – I believe bar takeovers have a sustainable future in India’s nightlife, especially in cities like Kolkata that are eager for new culinary experiences,” he says.
To leverage the opportunities from the Australia-India Economic Cooperation and Trade Agreement (ECTA) and the increasing demand from the Indian consumers, a number of Australian wineries are attending ProWine Mumbai 2024 to showcase Australian premium wines and connect with Indian importers and consumers.
The Australian Trade and Investment Commission (Austrade), in partnership with Global Victoria, Investment NSW and with the support of Wine Australia are bringing together 11 Australian wineries to showcase their portfolio of wines at ProWine Mumbai 2024.
The Australian pavilion features wines from 11 Australian wineries that highlight the diversity, uniqueness, and evolution of Australian wine. Some of these wines will also be showcased in two masterclasses presented by Sommelier Nikhil Agarwal (one of which is being delivered by the South Australian Government).
Speaking about the Australian participation, John Southwell, Senior Trade and Investment Commissioner – South Asia, Australian Trade and Investment Commission said, “The spirit of cooperation between India and Australia drives our desire to work closely with Indian importers and provide Australia’s finest wines to India, promoting economic ties that further unite the two countries. This includes engaging in technical cooperation to promote the further growth of the Indian wine industry. We are excited to honour this close relationship by showcasing a variety of Australian wines at ProWine Mumbai.”
Australia has one of the most diverse wine scenes in the world. With more than 100 grape varieties grown across 65 distinctive wine regions, Australian wine is an expression of Australia’s unique climates and soils and the passionate communities that cultivate them. From sophisticated reds, to fun, fruity whites, wine to impress or something casual for the weekend, discerning Indian consumers can find a perfect match in the wines crafted by Australia’s innovative winemakers – especially when paired with the diversity of Indian cuisine.
As a global leader in the wine industry, Australia is the sixth largest producer of wine and fifth largest exporter of wine in the world, exporting approximately 60% of its total production worldwide.
The Australia-India Economic Cooperation and Trade Agreement (ECTA) entered into force on 29 December 2022. Key ECTA market access outcomes related to wine include:
A phased reduction in the 150% tariff to 50% over 9 years for bottles valued between US$5 and US$15;
A phased reduction in the 150% tariff to 25% over 9 years for bottles valued over US$15.
As India celebrated Diwali, evolving drink trends revealed a preference for fusion flavours, premium spirits, and wellness-driven options, showcasing a significant shift in festive indulgence.
Diwali, one of India’s most important annual celebrations, is a time to reflect, celebrate, and embrace the spirit of gratitude for all the good the year has brought. For the business world, especially those in the food and beverage sector, it is an ideal occasion to tally gains and analyse consumer trends, as Diwali sparks significant economic activity and provides insights into consumer behaviour as the year winds down.
With this year’s Diwali celebration, it is important to examine India’s beverage preferences during the season and how different products perform. Understanding these trends not only highlights drinking patterns, but also equips the beverage industry, particularly alcobev players, to plan effectively for future festivals.
For example, official sources reveal that liquor sales in Delhi set a new record in the two weeks leading up to Diwali, totaling 38.7 million bottles and generating ₹447.62 crore in government revenue through excise duty. This massive feat, recorded between October 15th and 30th, is largely in preparation for the festivities. Interestingly, 2.98 crore bottles out of the total are Indian Made Foreign Liquor (IMFL), alongside 89.48 lakh beer bottles.
Similarly, sales recorded between October 29 and November 1 in Uttar Pradesh are 25% higher than in 2023, generating ₹7 crore more compared to the previous Diwali season.
We caught up with some renowned players in the alcobev scene to explore what Indians drank this Diwali and how these choices reflect their evolving preferences for celebratory beverages.
Drinking pattern and preferences
What better way to showcase the success of the alcobev industry during this year’s Diwali festivities than to highlight the remarkable performance of this year’s Indri Diwali Collector’s Edition, priced at ₹15,000? With its presence in Gurugram, Haryana, the collection rises to global acclaim, earning the coveted ‘Gold Medal’ at this year’s Whiskies of the World Awards, further building on the success of last year’s edition.
According to Paul P. John, Chairman of John Distilleries Pvt Ltd., the season saw Indians gravitate towards beverages that symbolise festivity and celebration while blending cultural and contemporary influences. This comes at a time when Indians are demonstrating their growing sophistication and creativity through their evolving alcobev preferences.
“We saw a marked preference for beverages that blended traditional flavours with fashionable Indian twists, such as Indian craft spirits like Malhar Gin mixed with regional sharbats like nannari and fuljar soda from Kerala, kokum from Goa, and thandai malhar from Gujarat, Uttar Pradesh, and Rajasthan. These beverages offer a refreshing and festive touch to celebrations. Consumers are increasingly exploring innovative cocktail programmes that emphasise local ingredients and unique flavour profiles,” he explains.
With this trend, brands are responding with festive-themed offers, which prove effective in attracting both regular and new consumers. Rahul Sangoi, CEO & Co-founder of RIO InnoBev Pvt. Ltd., agrees, noting that Indians’ preferences showcase a fusion of timeless tradition and progressive tastes.
“Indian consumers showed a strong preference for flavours that bridge tradition and modernity. Rich, indulgent essences like mango, mixed berries, guava, jeera, mojito, masala chaas, and kokum remained popular due to their cultural relevance. However, there was also a growing interest in refreshing, exotic profiles, such as tropical fruit blends like acai berries, peach, kombucha, and lemon mojito,” he enlightens.
Rajiv Thadani, Managing Director of Goa-based Fullarton Distilleries, echoes this sentiment, stressing a shift toward nuanced taste profiles. “Consumers are gravitating toward spiced and aromatic profiles, which bring warmth and depth to festive gatherings. At Fullarton Distilleries, we embraced these preferences by highlighting Pumori Gin’s subtle botanicals and Woodburns Whisky’s smokey undertones, both of which offer layered, celebratory tastes.”
“Additionally, cocktails infused with Indian spices, such as star anise, cinnamon, and cardamom, were particularly popular as they enhanced the festive feel,” he adds.
Wines also made their presence felt, adding a touch of sophistication to Diwali gatherings. Kaushal Khairnar, Winemaker at Moët Hennessy India, notes, “Indian consumers showed a preference for refreshing and versatile sparkling wines that complemented the lively, celebratory spirit of the season.”
“At Chandon, we catered to these preferences with a diverse portfolio tailored for the Indian palate. Our Chandon Brut and Chandon India Rosé, crafted with 100% Shiraz, provided a crisp and refreshing taste, ideal for India’s warm climate and festive gatherings. For those desiring a sweeter, aromatic option, Chandon Delice was a popular choice, well-suited to everyday celebrations and Diwali festivities. During the festive season, the interest in premium and craft sparkling wines was evident, as consumers sought unique, high-quality options. Chandon’s Vintage 2015, our first-ever vintage sparkling wine, drew attention as a limited, collectible release,” he says.
The cocktail rave
Properly garnished and visually appealing cocktails and mocktails are another common feature during festivities because they add colour and thrill to celebrations. This Diwali was no different. In fact, things were taken a notch higher as mixologists and bartenders sought to outdo themselves in satisfying consumers. As Hemanshu Badola, Mixologist at VietNom, says, “To capture Diwali’s festive flavours, we incorporated the essence of kaju katli combined with marigold flowers into a unique liqueur. This kaju-marigold infusion paired perfectly with any preferred spirit, a touch of citrus, and a splash of soda.”
Speaking further, he says that many Indians also opted for simple cocktail recipes that could be easily prepared at home to capture the Diwali spirit. These included the Pickleback Shot, made with a preferred spirit containing 30ml of jalapeño juice and 30ml of lime juice, and a beer-based cocktail, requiring 40ml of orange juice, 15ml of lime juice, 15ml of passion fruit syrup, and a beer top-up. Spirit-based cocktails were also popular, but for him, the absolute favourite spirit among consumers during the Diwali season was tequila.
As for Stanley Fernandes, Corporate Bar Manager at Kyma BKC, Mumbai, he treated his customers to a fusion of Indian tradition, seasonal extravagance, and festive nostalgia. “I started with saffron; it’s not just fragrant but luxurious, lending a golden hue that captured the opulence of Diwali. I infused it into gin for a Saffron Gin Fizz, giving the cocktail a floral surprise with rose water and a splash of tonic. Saffron is one of those spices that feels both ancient and festive, and seeing it bloom in the glass creates an instant celebration vibe.
“For a playful take, I brought in chai spices – cinnamon, cardamom, and cloves – which resonate with Indian warmth. Imagine a Chai-spiced Old Fashioned, where the depth of bourbon meets cosy, familiar spice. I served it with a cinnamon stick, so every sip was aromatic and perfect for chilly evenings. And of course, mango had to make an appearance! Though not exactly in season, frozen mango pulp became the star in my Mango Tamarind Margarita,” he muses.
Of premium, craft, and low-alcoholic drinks
Many in the industry believe craft drinks are the next best thing in India’s alcobev industry. Coupled with premium batches, this category offers a distinct experience that denotes luxury and class. As John says, “There’s a clear surge in the consumption of craft spirits during festivals.”
The trend continues as consumers demand quality and a more enriching drinking experience. For Thadani, it is about “the allure of authenticity, exclusivity, and craftsmanship in the premium segment that syncs strongly with today’s consumers, who are shifting away from mass-produced options.”
With a rising consciousness around health and wellness, India is also experiencing a revolution in the beverage industry. Consumers are welcoming low-alcohol and zero-proof cocktails, especially during the festive season, says John. “It’s like they’re finding new ways to enjoy the social side of drinking without always reaching for the high-proof options. People are looking for lighter drinks that still deliver on flavour and experience, allowing them to pace themselves across long nights of celebration and be present for all the events of the season.”
“There’s also an emerging focus on wellness, and people are genuinely appreciating drinks that are lower in alcohol or totally alcohol-free, yet crafted thoughtfully with ingredients that feel festive. Think of herb-infused sodas, spiced tonics, and botanical-based mocktails; these options offer the cocktail experience without the extra kick,” he concludes.
Export value of Scotch whisky in H1 2024 was £2.1bn, down £463.2m (-18%) compared with H1 2023
Export volume of Scotch whisky in H1 2024 was 566m 70cl bottles (equivalent), down 64.3m (-10.2%) 70cl bottles compared with H1 2023
H1 2024 is the 4th highest value export total since record began.
The Scotch Whisky Association (SWA) has released new figures revealing that exports of Scotch whisky in the first half of 2024 have fallen by 18% compared to the same period in 2023.
Data for H1 2024 shows that the value of Scotch whisky exports declined when compared with the first half of 2023 – a year in which the industry saw a reduction in exports after a record breaking 2022. Export value in H1 2024 was £2.1bn, down 18% on 2023. In the same period, the volume of exports fell by 10.2%, to the equivalent of 566m 70cl bottles – or 36 bottles of Scotch whisky exported each second, compared to 40 bottles per second in the first half of 2023.
UK Government backs producers
Publishing the figures, which are collated by HMRC, the SWA called on the new UK government to take action to ‘back Scotch producers to the hilt’, as Prime Minister Keir Starmer promised to do in the run up to the General Election. This includes reducing the tax burden on Scotch whisky at the Budget on 30 October following the damaging domestic impact of the 10.1% duty increase in August last year.
By value, the United States remains the largest global market in the first half of 2024. The industry continues to feel the impact of the 25% tariff on Single Malt Scotch whisky, levied between October 2019 and March 2021, which cost the industry £600m in lost exports and market share. The industry continues to press for a full resolution of the underlying trade dispute and ensure that Scotch whisky is removed from further harm in this critical global market.
By volume, India is the largest market, with growth of 17.3% in the first half of 2024 compared with the previous year. This is despite the current 150% tariff on imports remaining in place. The SWA has called on the new UK government to redouble efforts to conclude the UK-India Free Trade Agreement. The phased reduction of the tariff would benefit industries in both the UK and India and could see the value of Scotch whisky exports grow by £1bn over five years.
Commenting on export figures in the first half of 2024, SWA Chief Executive Mark Kent said, “The Prime Minister has promised to ‘back Scotch producers to the hilt’. These figures are a reminder that the success of Scotch whisky cannot be taken for granted and requires government support to ease the industry through short term volatility.
“We are a resilient industry, exporting to over 180 markets, and are experienced in navigating such periods of turbulence, and we are confident of the long-term growth opportunities for Scotch whisky. But it is clear that the first half of 2024 has been challenging, as for other premium global exports. This has not come as a surprise given the volatile international situation affecting global industries and inflationary pressures which have fed through to consumers across global markets.
Seeks Duty Cuts by New Government
“The UK Budget on 30 October is the first opportunity for the new Labour Government to show it truly supports Scotch. Last year’s double-digit tax hike on Scotch whisky in the UK, the largest in 40 years, has already lost HM Treasury almost £300 million in tax revenue. Beginning to reverse the damage by cutting duty on Scotch whisky will boost public finances and bolster the industry through this challenging period.
“In addition, the H1 figures clearly show that our biggest market, the US, has not fully stabilised following COVID and the damage caused by the 25% tariff on Single Malt in the US. The permanent elimination of this tariff, going beyond the current five-year suspension, would remove uncertainty, give the industry increased confidence and allow our full focus to be on growing in this highly competitive spirits market.
“It is welcome that the UK government has picked up negotiations on a UK-India trade agreement. Exports to India have been a bright spot in the first half of 2024, despite the current 150% tariff being a brake on future growth. Securing a deal which reduces the tariff would be a major boost to the industry and help to mitigate the impact of a slowdown in other global markets.”
The Indian alcobev sector has exhibited continuous growth exuding investor confidence. Liquor companies are no longer taboo when it comes to investments by the general public, resulting in a number of companies raising funds from the equity market and doing pretty well at that. Not just that, mergers and acquisitions (M&A) are adding to that growing investor sentiment.
In the recent past, the alcobev sector has witnessed some important investments, including M&A deals. One of the fastest growing craft beer manufacturers Bira 91 raised $25 million in Series D financing from existing investor Kirin Holdings, as per the Ministry of Corporate Affairs. The company has agreed to avail the external commercial borrowing (ECB) in two tranches of $12.5 million. Bira 91 has also agreed to provide Kirin Holdings with an option to convert the outstanding borrowings into Series D Compulsorily Convertible Cumulative Preference Shares (Series D CCCPS) of the company. The funding round comes a few months after Bira 91 raised $25 million from Tiger Pacific Capital in March 2024. This brings the total money the New Delhi-based company raised to $50 million in the past three months. Established in 2015 by founder and CEO Ankur Jain, Bira 91 is backed by Sequoia Capital India, Belgium-based Sofina, and Japan-headquartered Kirin Holdings.
Innovation gets funding
The trend which is quite obvious is that big players are eyeing innovative niche brands for acquisition, adding portfolio and value to their existing business. Bira 91 is one example, the other is the minority stake of United Spirits Limited (Diageo India) in Nao Spirits, the makers of India’s first London Dry gin – Greater Than – followed by the world’s first Himalayan Dry gin – Hapusa. In 2022, Diageo India with an investment of ₹31.5 crores holds 22.5% of the equity share capital of the company on a fully diluted basis. Nao Spirits had earlier raised US$ 2 million as Series A investment from a boutique VC firm, existing investors, and family offices.
The more recent follow-on investment of ₹13.15 crore comes from Tilaknagar Industries in Spaceman Spirits which is known for its Samsara gin and Sitara craft rum. In a filing to the stock exchanges, the company informed the bourses that its Board had approved the follow-on investment, thus taking Tilaknagar’s stake in Spaceman Spirits to 20.02%. Further, upon SSL achieving certain pre-agreed milestones, the definitive agreements provide an option for the company to invest or acquire further shares held by other shareholders as per a pre-determined valuation methodology.
Tilaknagar Industries, the makers of India’s highest selling brandy Mansion House, has also entered into a usership agreement wherein it will leverage its robust distribution network to sell Samsara Gin and Sitara Rum in certain states in India and abroad. Amit Dahanukar, chairman and managing director, Tilaknagar Industries, said, “The premium-end of alcobev industry in India has been witnessing phenomenal growth over the past few years. While we are already the market leaders in brandy, we will look to cherry-pick every promising opportunity to broad-base our portfolio and boost revenue growth. We feel this investment will open new avenues for profitable participation in the crafts spirit’s segment.”
In September this year, Globus Spirits, manufacturers of Gr8 Times, Rajputana etc. got a boost with Motilal Oswal Mutual Fund buying 2 lakh equity shares, representing 0.69% stake via block deal on the National Stock Exchange. Following this the stock is doing fairly well and it has got a further leg up after its announcement that it had launched DŌAAB India Craft Whisky. This new range marks the company’s foray into high-end whisky, bringing a fresh perspective to the growing segment. DOAAB India Craft Whisky, a limited-edition series, draws inspiration from the Hindi word “DOAAB”, which means the land between two rivers, reflecting the fusion of diverse influences.
Companies that got funding
Also earlier, we have had another big investment from Zerodha which acquired 13.9 lakh shares (1.04%) in Radico Khaitan, one of the oldest and largest IMFL manufacturers, known for its popular brands like Magic Moments vodka, 8PM whisky, and Rampur premium Indian single malt. Nikhil Kamath, co-founder of Zerodha, had mentioned that Zerodha held a 1.6-1.7% stake in Radico Khaitan, valued at approximately ₹400 crore. He highlighted the strong performance of Radico Khaitan as a key factor behind this investment, noting that the stake was acquired through open market transactions.
In February 2023, Integra Essentia acquired Chateau Indage Winery for $5 million in an asset transaction and in end December it acquired Brewtus Beverages for $2 million. LIC-backed penny stock, Brewtus Beverages will unlock the business potential embedded in the liquor-based beverage industry for Integra Essentia while widening the company’s footprint via stepping into the foray of medium~hard liquor-based products adding “Beer” and “Whisky” to the product portfolio, the company has said in a statement.
Angel investors and VC funding
Jimmy’s Cocktails was founded by Ankur Bhatia in September 2019 under Radiohead Brands, offering a range of cocktail mixers. Jimmy’s Cocktails had raised ₹14 crore in a bridge round ahead of its Series A, led by Roots Ventures. 7Square Ventures and several start-up founders via an AngelList led by Vishesh Khurana, Co-founder Ship Rocket and Varun Alagh, Co-founder Mama Earth also invested in this round. Existing investors Keki Mistry, Vice chairman and CEO, HDFC Ltd; Vidur Talwar, Chairman T&T Motors; Anirudh Somani, VP CLSA also participated in the round.
Early this year, Radiohead Brands concluded its pre-Series A funding round, raising an impressive ₹35 crore. Prath Ventures spearheaded the funding initiative with a substantial contribution of ₹12.2 crore, accompanied by investments from Capital Ventures, Illeyrium Ventures, and notable angel investors Neel Bahl and Sandeep Aggarwal of Droom. This funding injection comes as a follow-up to the ₹11 crore secured in July this year, further propelling Radiohead Brands on its path to becoming a key player in the industry.
Bengaluru-based alcoholic beverage brand RockClimber with crafted wine coolers, mixers, and other wine beverages is expanding its nation-wide footprint having earlier raised a pre-Series A funding round worth US$ 1 million from angel investor Anand Prakash Sharma. Another start-up Salud which offers pre-mixed drinks, has raised funds from actor and serial entrepreneur Rana Daggubati.
List of investors
There is a list of 40 angel investors and venture capitalists who invest in wine and spirits startups and they include ah! Ventures; Inflection Point Ventures; Anicut Capital; Skayle; Chakradhar Gade; Anicut Angel Fund; Prashant Pansare; Rohan Mirchandani; Mohit Shrivastava and Nitin Kaushal (Ginglani Distillers); Kirin Holdings; Soumya Kant (Bored Beverages Company); Ankit Bhati (Salud Beverages); Srini Koppulu; Abhishek Goyal; First Cheque; Prabhtej Singh Bhatia and Dotln (Bored Beverages Company); Rana Daggubati (Iron Hill India); Sprout Investments (O’be Cocktails); Chandigarh Angels Network; Sameer Guglani; Lets Venture; VerlInvest; Eagle 10 Ventures; Japan Vyas and Roj Niyogi (Hipcask); Deepinder Goyal; Rohan Mirchandani; Saama Capital; Bold Ventures; Supermorpheus; DSG Consumer Partners; Hem Angels; Kae Capital; Mohit Srivastava; Ashish Dhawan; Bhavish Agarwal; Mumbai Angels; Kunal Bahl; Bhawna Bhatnagar; and Abhijeet Pai.
Alcobev, a good bet for investors
What does these investments all indicate? That the alcobev industry, which has been among the fastest-growing industries in India, is a good bet for investors, given the ever-evolving demand for liquor and related products and the consistent performance of the companies. Though the industry is highly regulated, vastly varying from one state to another, the growing demand from consumers for premium products has encouraged the producers to further explore the markets. India is one of the largest alcohol markets in the world. Given the production scale, evergreen demand, and a vast range of products, the industry has grown consistently.
Adding zing to the market are the startups who are disrupting with their brands, nevertheless adding considerable value to the thriving liquor industry in India. The exponential growth of the homegrown premium brands – Indian Single Malts are making waves the world over – has further enthused investor confidence.
The Supreme Court bench comprising Justice Surya Kant and Justice Ujjwal Bhuyan on September 13 granted bail to Delhi Chief Minister Arvind Kejriwal in a money laundering case filed by the Central Bureau of Investigation (CBI) against him. Kejriwal was arrested on June 26 by the CBI, before his hearing commenced in the Supreme Court for bail in the Enforcement Directorate’s case against him in the liquor policy scam.
Following the conditions, Arvind Kejriwal resigned as Chief Minister, and in his place Atishi Marlena has been made the Chief Minister.
With his bail, the Aam Aadmi Party is rejoicing as earlier the apex court had given bail to the former Deputy Chief Minister, Manish Sisodia and Rajya Sabha MP and senior leader of AAP, Sanjay Singh, besides, K. Kavitha, MLC and daughter of former Chief Minister of Telangana, K. Chandrashekar Rao. The bail for these leaders, AAP says is vindication of their claim that the Centre had falsely implicated them.
Bail conditions
The two judges delivered separate judgments, but agreed that Kejriwal satisfies the triple condition for the grant of bail. The judges said that as the chargesheet had been filed in the case and that the trial is unlikely to be completed in the near future, it granted him bail with the condition that he cannot visit the office of the Chief Minister and the Delhi Secretariat. Importantly, he is not to comment on the case while on bail.
Justice Surya Kant said that there is no impediment in terms of arresting a person already in custody for the purposes of investigation, whether for the same offence or for an altogether different offence. The Appellant’s arrest by the CBI was thus entirely permissible, in light of the Trial Court’s order dated June 25, 2024. The judge said the evolution of bail jurisprudence in India underscores that the issue of bail is one of liberty, justice, public safety and burden of the public treasury, all of which insist that a developed jurisprudence of bail is integral to a socially sensitised judicial process. The judge added that Kejriwal will not make any public comment on merits of the case and that the conditions imposed in the Enforcement Directorate matter shall apply in this case also.
Justice Ujjal Bhuyan said in so far as the arrest of the appellant by the CBI is concerned, it raises more questions than it seeks to answer as for 22 months, the CBI did not arrest him but after the Special Judge grants regular bail to the appellant in the ED case, the CBI sought his custody.
“In the circumstances, a view may be taken that such an arrest by the CBI was perhaps only to frustrate the bail granted to the appellant in the ED case.” The judge added the power to arrest is one thing but the need to arrest is altogether a different thing. “Just because an investigation agency has the power to arrest, it does not necessarily mean that it should arrest such a person.”
Justice Bhuyan said that the CBI should not be perceived as making the arrest in high-handed manner and must dispel the impression that it is a ‘caged parrot’ of the Central government.
The Judge said that the CBI, being the primary investigative agency, must not give any indication that the investigation was improperly conducted. Indeed, it is imperative to make every attempt to dispel any impression that the inquiry is not conducted impartially and that the arrest was made in an arbitrary and discriminatory way.
Additionally, Justice Bhuyan said, “I have serious reservations on the conditions which bar Kejriwal from entering Secretariat or signing files, but I am not making comment due to judicial restraint as it was in a different ED case.”
Star campaigner
The Aam Aadmi Party which is celebrating Kejriwal’s return said that he will continue to oversee governance and work in Delhi “will not stop”. “Arvind Kejriwal is the chief minister of Delhi, who heads the council of ministers and oversees governance via ministers of various departments. He is fully empowered to give directions to all his ministers so that work can be done in public interest,” AAP said in a statement.
“The only files that are signed by the chief minister are those that have to be sent to the LG for which he has permission from Supreme Court. Therefore, no work of the people of Delhi will stop,” it added.
Several important policy decisions, including the flagship Mahila Samman Nidhi Yojana – a scheme to provide financial assistance of ₹1,000 to all women aged above 18 – which was announced in the Delhi budget this year; dearness allowance for daily wagers; Delhi Start-Up Policy; Dilli Bazaar Portal; Cloud Kitchen Policy; Food Truck Policy; City’s Logistics Plan; Delhi Electronic System Design, Manufacturing, and Refurbishment (ESDMR) Policy 2022-27; and Industrial and Economic Development Policy 2023–33 are ready and need approval of the cabinet which is headed by the CM.As AAP’s star campaigner, his release has come at an appropriate time for the party as it is contesting all seats in the upcoming Haryana Assembly elections.
Johnnie Walker, The Glenlivet, Indri, Bacardi, Patrón, Campari, Jameson, Kingfisher, Himalayan, and Schweppes dominate the list
71 Indian Brands Make the Top Ten List in different categories
A recent report ranks India’s ten most popular consumer brand choices across twenty different alcohol and non-alcohol categories, including Vodka, Single Malt, Gin, Beer, Rum, Aperitifs, Mixers, Water, and more. The report is based on direct responses from bar owners, head bartenders, and bar and beverage managers of 116 top bars in the country, spread across 15 cities in a dozen states. An impressive 616 brands were mentioned in this year’s survey, reflecting the diversity of India’s drinking culture.
The brands that top the survey rankings include Bombay Sapphire in the Gin Category; Grey Goose in Vodka; Jägermeister in Liqueurs; Patrón in Agave; Bacardi in Rum; Campari in Amaro/Aperitif; Hapusa in Indian Craft/Native Spirits; Indri in Indian Single Malts; Indri in Indian Premium Whiskies; Johnnie Walker in Blended Scotch/Malt; The Glenlivet in International Single Malts; Jameson in International Whisky; Hennessy in Brandy & Cognac; Sula in Indian Still Wines; Jacob’s Creek in International Still Wines; Moët & Chandon in Sparkling Wine; Kingfisher in Indian Beer; Corona in International Beer; Himalayan in Water; Schweppes in Mixers.
Mix of bars from across cities
As with the 2023 edition, ‘What India is Drinking 2024’, despite its name, is focussed on a small slice of the country’s giant liquor market – the drinking habits of Indians who frequent premium bars in the country’s biggest cities. The list of bars is drawn is a mix of independent bars, restaurant bars and hotel bars. No sales figures were asked for, and no sales figures were provided, 30BestBars said.
It further mentioned that each respondent was asked to rank their 5 top-selling brands over the past year, across important categories such as Whisky, Vodka, Gin, Wine, Beer, Rum, Wine, Mixers, Water and many others. In some of the minor categories, the respondents were asked to name their top 3 top-selling brands. The brands mentioned could be Indian or International, unless specified otherwise. A weighted average system was used to arrive at the final tally. With burgeoning interest in cocktails across the country, the survey also has listed the most sought-after cocktails in these bars. It targetted five popular spirit segments for cocktails – Gin, Vodka, Agave, Rum, and Whisky – for this exercise.
INDSPIRIT 2024 and Ambrosia Awards 2024 was held recently in Gurgaon, Haryana in front of a packed audience.
Join us at INDSPIRIT 2024 for an invigorating Keynote Address by Vijay Rekhi, the visionary Chairman & Managing Director of Vizanar Alcobev & FMCG Advisors LLP. Dive into an inspiring session titled “Empowering India: Unleashing Entrepreneurial Potential for a Brighter Tomorrow.”
In this pivotal keynote, Vijay Rekhi shares groundbreaking insights and strategies on nurturing entrepreneurship and innovation within India. Discover the keys to unlocking your potential, fostering growth, and driving meaningful change across industries. Whether you’re an aspiring entrepreneur, a seasoned business leader, or simply passionate about India’s economic future, this session is designed to spark a wave of entrepreneurial spirit across the nation.
Stay Tuned: Subscribe and hit the notification bell to get updates on all things INDSPIRIT 2024. Share your thoughts and questions in the comments below, and let’s engage in enriching discussions on the future of the alcobev industry.
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INDSPIRIT 2024 and Ambrosia Awards 2024 was held recently in Gurgaon, Haryana in front of a packed audience.
Dive into the heart of the alcobev industry with the inaugural address of INDSPIRIT 2024, delivered by Trilok Desai, the visionary Publisher & MD of Ambrosia & SAP Media Worldwide. As we celebrate the 16th edition of this iconic event, get ready to explore the dynamic shifts and growth trajectories shaping the future of alcohol beverages in India and beyond.
Don’t miss out on this comprehensive overview of today’s alcobev landscape, filled with expert analysis, future forecasts, and a celebration of industry achievements. Whether you’re a professional in the field, an enthusiast, or simply curious about the evolving world of alcoholic beverages, this video promises insights and inspirations aplenty.
Stay Tuned: Subscribe and hit the notification bell to get updates on all things INDSPIRIT 2024. Share your thoughts and questions in the comments below, and let’s engage in enriching discussions on the future of the alcobev industry. 🔗
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