Johnnie Walker News

Subscribe to enjoy similar stories. For United Spirits Ltd, the next few quarters will be shaped by how well it navigates a structural reset in Maharashtra, one of its crucial markets, without sacrificing profitability. Higher excise duties and the rollout of Maharashtra-made liquor (MML) have altered consumption patterns in the state, weakening demand for Indian-made foreign liquor (IMFL).

Johnnie Walker whisky and Corona beer could be caught in the crosshairs of a potential trade war after Trump's move.

corruption against former finance minister P Chidambaram's son and Congress MP, Karti Chidambaram, for allegedly giving relief to alcoholic beverage company Diageo Scotland over a ban on the duty-free sale of its whisky, officials said Thursday. The case pertains to an alleged suspicious payment made to Advantage Strategic Consulting Pvt. Ltd, «an entity controlled» by Karti P Chidambaram and his close aide S Bhaskararaman by Diageo Scotland and Sequoia Capitals, the CBI FIR said.

Diageo is rolling out multiple initiatives to drive diversity and inclusion in India, says Caroline Rhodes, global HR director — learning and inclusion at the London-headquartered alcohol beverages company. On a recent visit to India, she talked to ET’s Brinda Sarkar about Diageo’s outlook towards inclusion and diversity, employee well-being and how critical India is in the context of global operations. Edited Excerpts: What are your growth plans for India? India is such a critical part of our business. We’re at about 1,400-odd corporate employees (in India), and an equal or so number in our manufacturing units across the country. Our product portfolio here is interesting because it’s not just the Diageo products we sell including Johnnie Walker, Tanqueray, Gordon’s, and Baileys, but also a large part of the United Spirits portfolio that we inherited. McDowell’s is the largest selling whiskey in the world, and with Royal Challenge there is the affiliation to the RCB men’s and women’s cricket teams.

Diageo reported 4.8% decline in annual profit on Tuesday, just short of analyst expectations, due to a steep decline in sales in Latin America and the Caribbean.

United Spirits Ltd on Friday reported a two-fold increase in consolidated net profit to Rs 241 crore for the March quarter. The company had posted a net profit of Rs 102 crore in the year-ago period, United Spirits Ltd (USL) said in a regulatory filing. Its revenue from operations was up 12.41 per cent to Rs 6,511 crore during the quarter under review from Rs 5,792 crore a year earlier.

Maharashtra's Chhatrapati Sambhajinagar town, police said. -Two 24-year-old IT engineers, hailing from Madhya Pradesh, were killed after an allegedly drunk juvenile driving a speeding Porsche hit them at 3.15 am in the night in Kalyani Nagar.

Nick Train said he was sticking with the stock: 'On balance, we do not believe the warning about Latin America invalidates the investment case for Diageo, frustrating though it is."

brandy category, industry executives said citing latest excise department data. «In general, the regular category or the popular category is having muted growth as far as the industry is concerned. Certain states, which are big states like Karnataka, increased the duty by 20%.

United Spirits, India's biggest liquor firm, said it is witnessing lower-than anticipated demand momentum during the current quarter but expects festivities and the cricket World Cup to boost recovery. «We remain cautiously optimistic that demand will pick up, though we don't see the signs right now,» Hina Nagarajan, managing director at Diageo-controlled USL, told investors on an earnings call. «But we still have a big festival season to go through — Diwali and then Christmas, etc.

Spirits and beer giant Diageo saw billions wiped off its market value on Friday after it warned that a sharp slowdown in its business in Latin America and the Caribbean was hitting sales and potential profits

(Reuters) -Johnnie Walker whisky maker Diageo (LON:DGE) said on Friday it expected organic operating profit growth to decline in the first half of its current financial year due to «materially weaker» performance in Latin America and Caribbean.

United Spirits Ltd on Wednesday reported a consolidated net profit of Rs 339.3 crore in the second quarter ended September 2023. The company had posted a net profit of Rs 547.7 crore in the July-September quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing. Its revenue from operations was Rs 6,736.5 crore during the quarter under review.

brands offset lower volumes. The world's largest spirits maker tapped into higher demand from amateur cocktail makers during the COVID-19 pandemic that has driven at-home sales since. Households began trading up along the way, investing in brands such as Bulleit Bourbon and Don Julio tequila.

whisky lovers are increasingly taking to imported bottled-in-origin Scotch such as Johnnie Walker and Glenlivet at the cost of premium Indian-made brands as excise policy changes have slashed price tags of imported brands by up to 30% in some key markets. This has slowed the growth of premium Indian brands such as Paul John Bold and Amrut Fusion as well as bottled in India (BII) brands such as Black & White and 100 Pipers, industry insiders said.

This week's Nifty News sees the arrival of Louis Vuitton to the nonfungible token (NFT) gaming scene, Johnnie Walker's entry into Web3 and Elon Musk's apparent embrace of Bored Ape Yacht Club.