INDIA: Radico Khaitan sees profits soar in quarter
Radico Khaitan has posted a healthy leap in quarterly net profit.
The Indian spirits group said yesterday (30 January) that net profit for the three months to the end of December increased by 44% on the corresponding period a year earlier, reaching INR115.8m (US$2.9m).
Sales followed suit, climbing to INR2.22bn from INR1.54bn in the same quarter in 2006.
The company did not give any further details on the results.
Late last year, Khaitan teamed up with NV Distillers and Riddhi Siddhi to begin construction of a new distillery in Aurangabad in the western state of Maharashtra. The new plant will produce Indian made foreign liquor (IMFL), extra neutral alcohol and ethanol, and will have an annual production capacity of 36m litres.
I remember writing about four years ago that the level of media attention in the UK being levelled on obesity may temper the threat of potential regulation of the alcohol industry as legislators sharp...
The consultation launched by the UK government this week represents a strong indication that it has lost patience with the drinks industry, and is moving towards introducing mandatory measures to repl...
The 61st World Health Assembly published its resolution on "Strategies to reduce the harmful use of alcohol" last month. Ben Cooper examines the resolution and the response from public health agencies...
The top ten most visited stories on just-drinks this week:...
SABMiller has launched a new website, which, the company claims, acts as "a comprehensive guide to alcohol" for consumers....
Two cider brands in the UK have been found in breach of the Portman Group's code of practice on the naming, packaging and promotion of alcoholic drinks....
Beam Global Spirits & Wine is relaunching its Drink Smart website in a multi-lingual format....
Online wine marketing and sales in France could be severely restricted under a radical proposal drawn up to protect young people from alcohol abuse, according to documents leaked to just-drinks....
- Comment - Heineken's 'No' Cuts SABMiller Options
- Irish whiskey eyes a slice of Scotch's global pie
- Scottish Independence and Scotch Whisky
- SABMiller spurned by Heineken: The start of the en
- Can the New World Learn a Lesson from the Old?
- Patron Spirits' Patron Citrónge Lime
- Heineken rejects SABMiller purchase proposal
- Wm Grant CMO to head Orangina Scweppes Int'l
- Diageo's Special Releases 2014
- SABMiller, Heineken silent on takeover offer talk