India's UB Group has revealed plans to enter the retail market for spirits to further boost profit margins, according to local reports.

"We are getting into the retailing of beverage alcohol ourselves because we see that a significant part of the overall value chain is captured by the retailers," UB Group chairman Vijay Mallya said. Alcohol retailing would improve the profitability of the group, Mallya told Indian TV station NDTV.
 
UB, India's largest brewer and distiller dominates India's beer and spirits markets. In March, UB Group bought a majority stake in spirits rival Shaw Wallace for US$300m. The deal cemented the position of its spirits business - set to be renamed United Spirits - as the largest distiller in India.

UB's brewing business, in which UK brewer Scottish & Newcastle holds a 37.5% stake, controls over 50% of India's fast-growing beer market.