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SOM LIQUOR UNIT
How will India-UK FTA affect Indian alcobev stocks?Under the new FTA, India has agreed to cut import duties on Scotch, whisky and gin from 150% to 75% with immediate effect, with a further r...- Som Distilleries, other liquor stocks tumble up to 5% as India-UK FTA slashes scotch whisky tariffsIndian liquor stocks fell up to 5% after the India–UK FTA announced steep duty cuts on Scotch whisky and gin imports, sparking fears of ris...
- Manufacturing-backed expansion: Bhopal-based SOM Group looks to improve share in alco-beverage marketThe Group has a reasonable grasp of the regulatory framework that guides the business. States differ in their excise duty structure, tax st...
- Child labourers at Som Group's liquor unit worked 11 hours a dayA state inspection of a Som Group distillery in Madhya Pradesh found children, aged 13-17, working long hours filling and packing liquor bo...
- MP distillery, where children were found working, sealed; manufacturing licence suspendedA distillery linked to Som Group in Raisen, MP, was sealed for alleged child labor violations. The plant, part of Som Distilleries & Brewer...
- India to impound liquor firm Som's distillery over child labourPolice launched an investigation into Som after the National Commission for Protection of Child Rights (NCPCR) last week found 39 boys and ...
- Punjab BJP urges EC to order probe into state's excise policyPunjab BJP delegation urges ED probe into Punjab's excise policy similar to Delhi's. Allegations of AAP involvement, revenue loss, and coer...
- Time for them to say cheers and get re-rated? 4 not so well known smallcap breweries and liquor stocksIn the last three years, many sectors and companies which have been in the dumps for years have made a comeback. There are two kinds of com...
- Finally waking up to the power of brand? 5 not so well known stocks from the liquor sectorAround three months back a small liquor company, which has not been covered by any analysts and ignored by the street, announced that sales...
- High on Spirits! Liquor stocks rally up to 100% in FY24; still worth raising a toast?India is one of the most attractive and the fastest-growing alcoholic markets in the world, and the third largest after China and the US in...
- Stocks in news: Titan, IndiGo, Adani Total Gas, Adani Wilmar, Hero MotoCorpAdani Total Gas has reported consolidated net profit of Rs 150 crore for the quarter ended June. Revenue from operations rose by a marginal...
- Karnataka govt increases excise duty on IMFL and beerKarnataka Chief Minister Siddaramiah has increased additional excise duty on IMFL and beer while presenting the State Budget for 2023-24 in...
- CCI raids Associated Alcohols, Som Distilleries in price fixing probeThe Competition Commission of India (CCI) officials were conducting search and seizure operations across several cities and the case is abo...
- Stock market update: Liquor stocks clock healthy gains; United Breweries jumps 5%The BSE Sensex advanced by 51 points or 0.13 per cent and Nifty inched up by 12 points or 0.10 per cent.
- Time to say cheers! Liquor sales set for a bouncebackRaw material prices are down and discretionary spend is up.
- Liquor stocks wobble; United Spirits, Globus Spirits fall up to 7%Net sales of the company slipped 7.82 per cent year-on-year to Rs 2,263.30 crore.
- Liquor stocks rally up to 13% on SC clarification on highway liquor banFollowing the clarification, shares of Tilaknagar Industries jumped 13.02 per cent to Rs 14.32 on BSE.
- Why your glass of whiskey and everything alcoholic may get costlierBeer would be the worst hit, with a 15 per cent increase in input costs, the spirits industry that includes other forms of liquor will see ...
- Som Group eyes Rs 3,000 crore from liquor business in next four yearsDiversified firm Som Group aims to almost double its revenues from the liquor business to Rs 3,000 crore in the next four years.
- InBev-Jaipuria to uncork beer in Mallya's home turfThe world’s largest brewer by volume, InBev, is likely to start operations in Bangalore, right at the heart of Vijay Mallya’s brewing empir...
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