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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 Mumbai
The 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-Budget
Market 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 fix
The 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 cut
With sales of imported whisky brands in Delhi-NCR up 45% from last year, it’s retailers that are cheering.