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PRAVEEN SOMESHWAR
Diageo India bets big on premium demandDemand for premium alcohol in India remains robust despite global challenges, says Diageo India's managing director Praveen Someshwar. Howe...- United Spirits Q4 Results: Profit jumps 27% on demand for premium liquorKarnataka, one of India's highest-tax alcohol markets, said in March it will scrap government price controls and shift to strength-based e...
- India’s newest round of drinkers is rewriting the rules of the world’s biggest barYoung Indians are redefining their drinking habits not by drinking less, but by selecting superior quality alcohol. This notable shift towa...
- Shots on Saturday, Citrus on Tuesday: The split personality of Gen Z drinkingThe drinking habits of India's youth are undergoing a significant evolution, favoring sophistication over excess. These trendsetters are em...
- No-booze beer and houmous: Healthy habits reshape UK inflation basketIn a shifting economic landscape, Britain is updating its inflation metrics to align more closely with modern lifestyles. New health-consci...
- 'Young people prefer better alcohol to high-volume drinking', says Diageo India MD Praveen SomeshwarYoung Indians are embracing premium spirits and cocktails, not abstaining from alcohol, according to Diageo India MD Praveen Someshwar. Con...
- Diageo India sees early signs of demand recovery: MD Praveen SomeshwarSpirits demand shows early signs of recovery. Diageo India notes consumption green shoots. The premium segment performed well this quarter....
- United Spirits Q2 profit jumps 41% to Rs 472 crore on premium brand salesUnited Spirits reported a 41% rise in net profit to ₹472 crore in Q2, driven by premium brand demand, improved margins, and pricing actions...
- Value contribution from India will keep rising on back of premiumisation: DiageoDiageo India anticipates continued value growth driven by its premiumisation strategy, leveraging a growing consumer base and innovation. W...
- Spirits demand dull but we can uncork growth, says Diageo MD Praveen SomeshwarDiageo India's CEO Praveen Someshwar notes subdued spirits demand due to regulatory hurdles, despite some states adopting progressive polic...
- UK-India FTA will lead to a high single-digit reduction in prices, volume growth: DiageoUnited Spirits Ltd anticipates a "high single digit" reduction in consumer prices for imported liquor in India following the India-UK FTA, ...
- United Spirits Q4 Results: Profit rises 17% on Andhra boost, premium growthUnited Spirits reported a 17.4% YoY rise in Q4FY25 net profit to ₹451 crore, aided by resumed Andhra Pradesh operations and strong premium ...
- Diageo India ropes in Praveen Someshwar as its new CEO, to replace Hina Nagarajan in AprilUnited Spirits Limited announced the appointment of Praveen Someshwar as CEO-Designate. He will replace Hina Nagarajan as Managing Director...
- Lokmat MD Devendra V Darda elected Audit Bureau of Circulations chiefDevendra V Darda, managing director of Lokmat Media Group, has been elected as the chairman of Audit Bureau of Circulations (ABC) for the y...
- Stay Simple Raises Rs 5 crore in Angel FundingThe Bengaluru-based resort chain works on both an asset-light model, where it leases properties and operates them on a profit and loss basi...
- Stay Simple Resorts raises Rs 5 croreStay Simple Resorts has raised Rs 5 crore in angel funding from the family office of Shalini and Sudhir Sethi and Praveen Someshwar.
- PepsiCo's new India head D Shivakumar sends out morale-boosting letter to employeesPepsiCo's new India head D Shivakumar told employees that the company "cannot afford to lose a day" and called for "relentless execution."
- PepsiCo India renews partnership with multiplex chain PVRPepsiCo India has renewed its partnership with multiplex chain PVR Ltd for five years to sell products exclusively.
- PepsiCo, PVR renew partnership dealBeverage maker PepsiCo India and multiplex chain PVR on Tuesday announced that their long-standing strategic partnership has been renewed.
- PepsiCo sales growing twice as fast as Coca-ColaIncrease in home penetration & sharper focus on rural markets help PepsiCo narrow the gap with its cola rival in the Indian market.
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