United Spirits H1 hit by ‘consumption slowdown’

Diageo-controlled Indian drinks group United Spirits saw its 2019 first-half net sales grow by 7%, but was impacted by “broad-based consumption slowdown”. For the six months to 30 September 2019, United Spirits’ sales reached Rs. 4.2 million crores (US$59.8m). Sales were impacted by general elections in the first quarter and “consumption slowdown coupled with liquidity challenges in certain markets and temporary supply chain disruption” in the firm’s bottled-in-origin Scotch portfolio during the second quarter. United…

Continue Reading →

Nemiroff expands duty free availability

Ukrainian vodka brand Nemiroff has expanded its presence in travel retail and appointed a new distributor for its products in Germany. Nemiroff has appointed African Eastern as its travel retail distributor in the UAE and on the Indian subcontinent. The Ukrainian brand, which sponsors American martial arts championship UFC, also launched an advertising campaign at Dubai Duty Free to coincide with a UFC event in the city. Chirag Aggarwal, business manager – travel retail at…

Continue Reading →

India agrees to protect Irish whiskey

Irish whiskey has been granted legal protection in India, the largest whisky market in the world. According to trade body the Irish Whiskey Association (IWA), the registration of Irish whiskey as a certification mark will mean that the category “can fully compete against other whiskies by reinforcing the authenticity of the product for the Indian consumer”. India is the largest whisky market in the world by volume, with 2.3 billion bottles sold in 2018, the…

Continue Reading →

Diageo ups shareholding in United Spirits for $27.3m

Johnnie Walker owner Diageo has increased its shareholding in Indian drinks group United Spirits to 55.2% following a US$27.3 million investment. Diageo first acquired a controlling stake in Bangalore-based United Spirits Limited (USL) in 2014. The UK-based firm has now purchased a further 3,310,515 shares (around 0.46% shareholding) in USL from the Bombay Stock Exchange. Diageo paid a per-share price of 591.95 Indian rupees (US$8.26) for the new shares. According to Diageo, USL is a…

Continue Reading →

‘Craft’ gin from India enters UK market

India’s “first craft gin”, distilled in copper pot stills in Goa and made with local botanicals, has made its debut in the UK. Greater Than London Dry Gin first launched in India in 2017. It is the brainchild of two bar owners and entrepreneurs: Anand Virmani and Vaibhav Singh, who worked with gin expert and Bombay Sapphire master distiller Ann Brock to set up their distillery. According to the pair, their gin exemplifies the flavours…

Continue Reading →