Diageo is understood to be seeking control of its 50-50 spirits joint venture with Radico Khaitain in India.

The UK-based drinks firm has received clearance from the Indian Government  to take full control of the Diageo Radico Distilleries venture, conditional upon Radico Khaitan’s support for the move.

Radico Khaitan has previously stated its opposition to being bought out of the JV, but the groups have begun negotiations on a way forward.

“We are in talks about the future of the JV, but at this stage they are just exploratory,” a spokesperson for Diageo told just-drinks today (11 May). He declined to comment further on the nature of the talks.

Radico Khaitan’s chief financial officer, Dilip K Banthiya, was quoted in Reuters yesterday as saying that the firms were in talks over the possibility of Diageo increasing its stake.

Diageo’s negotiations over a tie-up with United Spirits, which controls more than two thirds of the Indian spirits market by volume, fell apart last autumn. Since then, the The Johnnie Walker whisky producer has been seeking other ways to gain a greater foothold in the country’s strongly emerging spirits market.
 
Diageo began its venture with Radico Khaitan in 2006.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Radico Khaitain yesterday reported net profits of INR499.4m (US$11m) for the year to the end of March, compared to just INR65.4m in the previous year.

Subscribe to Just Drinks for just £1 for 1 month

Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.

As a trusted provider of data and insights, Just Drinks collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the drinks industry’s trajectory and the priorities shaping the profession.

What’s included in your subscription:
  • Personalized Access: Secure login to Just Drinks
  • Industry News & Expert Commentary: Timely updates and exclusive C-level interviews.
  • Case Studies & Deep Dives: Real-world applications and in-depth analyses.
  • Exclusive Subscriber Newsletter: Weekly top features, plus a new thematic report and webinar.

Ready to stay informed?

Subscribe to unlock exclusive content.

Already a subscriber? Sign in to access your account.

Pleasecomplete this form to request more information, and a representative will be in touch shortly.

Just Drinks Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Drinks Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now