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MAHARASHTRA EXCISE HIKE
India meets FY26 with cheers & beers: High-end spirits popular; ale beats rainy daysIndia's liquor sales saw a rebound in the year ended March, with spirits volume growing 4% and beer volumes also rising 4%. This recovery w...- Pernod Ricard high on India despite Maharashtra bottlenecksPernod Ricard anticipates immediate margin and growth benefits in India from the Imperial Blue sale, despite a significant excise duty hike...
- Alcohol segment resilient unlike other FMCG categories which are more price sensitive: Diageo India MDDespite significant excise duty hikes in Maharashtra, alcohol demand in India remains robust, with consumer spending showing double-digit g...
- Liquor sales volumes to decline after steep, abrupt increase in duty: CIABC to Maharashtra governmentThe Maharashtra government's excise duty hike on IMFL whisky, increasing MRP by about 85%, is raising concerns among industry players like ...
- Sula Vineyards, GM Breweries shares jump up to 18%. What's making their brew stronger?Sula Vineyards and GM Breweries shares surged as Maharashtra's new liquor policy spared beer and wine from excise duty hikes, benefiting co...
- United Spirits, other liquor stocks slide up to 6% after Maharashtra hikes excise dutiesShares of liquor companies declined after the Maharashtra government approved changes to liquor taxation and regulation to boost excise rev...
- After Ladki Bahin scheme, Maharashtra hikes liquor duties to ease cash crunchFacing a cash crunch due to payout schemes, the Maharashtra government has decided to hike excise duty on Indian-made Foreign Liquor (IMFL)...
- Maharashtra cabinet gives nod to hike excise duty on liquor, grant statutory status to SC commissionThe Maharashtra cabinet has approved changes to boost revenue. Excise duty on liquor will increase. A new category for locally made liquor ...
- India's oil minister flags higher petrol, diesel prices in Opposition-ruled states after hiking excise taxOil Minister Hardeep Singh Puri announced a Rs 50 hike in LPG cylinder prices, impacting both Ujjwala beneficiaries and regular consumers. ...
- Karnataka fuel price hike: CM Siddaramaiah defends move, says it will ensure fundingKarnataka Chief Minister Siddaramaiah defended the recent hike in petrol and diesel prices, arguing it will fund essential services and dev...
- Restaurateurs urge Maha government to roll back 15% increase in excise licence fee"With two years of lockdown, three waves of pandemic, limited operations, restrictions on capacity and timing, there could not have been a ...
- NRAI writes to Maharashtra government, seeks 'immediate' rollback of 15% excise fee hike“Increasing excise license fee by 15% after imposing all possible restrictions for two years, keeping us shut, to operate at 50% capacity, ...
- Maharashtra govt's refusal to slash excise duty on fuel exposes hollowness of its leaders: Devendra FadnavisSome 25 states in the country have already reduced the excise duty on fuel and provided relief to people, the former Maharashtra chief mini...
- Liquor prices set to rise in Maharashtra as govt plans to hike excise dutyThe excise department’s proposal for a hike in excise on IMFL has been approved and is awaiting clearance of excise minister Chandrashekhar...
- This is how the situation looks after Centre's cut in fuel pricesAfter the latest cut, the excise duty levied on normal petrol will be Rs 17.98 down from Rs 19.48.
- Liquor may get costlier in MaharashtraLiquor will get costlier in Maharashtra if the state government accepts the excise department’s proposal to hike the licence fee of all per...
- Party pooper: Liquor prices to go up by 40-60 % in MumbaiThe alcoholic beverage industry is reworking costs steeply following the excise duty increase in the latest state budget.
- Investors take a huge puff of cigarette companies; stocks gain upto 9% post-BudgetMarket is betting big on cigarette companies after the FM proposed to leave the excise duty on tobacco unchanged, sparing the industry from...
- Domestic wine industry in a fixThe domestic wine industry is facing problems of protectionist taxation by the two big manufacturing and consuming states, Maharashtra and ...
- Delhiites high on imported booze after customs cutWith sales of imported whisky brands in Delhi-NCR up 45% from last year, it’s retailers that are cheering.
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