Piccadily Agro Industries Limited (PAIL) reported a whopping revenue surge of Rs. 829 crores for the financial year ended 31st March 2024. This is up by 30 percent against the financial year ended on 31st March 2023. The company’s profit after tax (PAT) escalated 354 percent YoY to reach Rs. 112 crores. However, the company accounted net profit margin of 13.53 percent, and a growth of 249 percent from that of the last fiscal year. PAIL has achieved a revenue of Rs 285 crores with an unprecedented revenue growth of 37 percent YoY in Q4 2023-24 and an increase in profitability of 585 percent YoY ..read more

Whyte & Mackay will return to the 2024 TFWA Asia Pacific Exhibition this year with its single malt portfolios – Fettercairn 14 Year Old, 17 Year Old and 25 Year Old editions. The TFWA Asia Pacific Exhibition will take place from 13th-16th May at Singapore’s Marina Bay Sands Expo & Convention Centre. At the heart of the company’s innovative offer will be the new travel retail exclusive releases from Fettercairn. The three new expressions of Fettercairn travel retail exclusive range demonstrates the brand’s unique tropical house style. The whole range is non-chill filtered, of natural co ..read more

The inaugural APTRA India Conference held in Delhi last month was nothing short of a tour de force in the realm of travel retail, drawing over 250 delegates. This power-packed event pulsated with dynamic brainstorming sessions and insightful keynote addresses. This new annual initiative by the Asia Pacific Travel Retail Association (APTRA) aimed to illuminate the burgeoning opportunities in India’s fast-developing market. The overwhelming response has propelled the confirmation of its return in early 2025, with the location for the forthcoming event to be announced later. As a testament to its ..read more

Rémy Martin introduces the XO Night Special Edition Cognac, a luxurious addition to the nocturnal scene. Encased in a sleek mirrored black decanter, this rendition of the iconic Rémy Martin XO cognac is ready to illuminate the dancefloor. Delivered in a striking mirrored vessel with a solarised silhouette, the decanter exudes radiance from every angle. Enhanced with holographic flashes and UV details, its minimalist design accentuates the XO stamp and showcases the dynamic Rémy Martin Centaur in motion. The special edition cognac boasts a fiery mahogany hue with opalescent tones, offering a su ..read more

The Supreme Court of India admitted Pernod Ricard India’s petition to reduce the penalty for crossing its permissible limits for loss of liquor in transit during imports due to leakage, evaporation and wastage. Accepting the company’s plea, the apex court set aside the Madhya Pradesh High Court’s order that upheld imposition of higher penalty on the matter. The SC will hear the matter on the applicability of the rule for penalty under the Madhya Pradesh Foreign Liquor Rules 1996 that existed when the violation was reported during the Pernod Ricard India’s license period of 2009-10, or the 2011 ..read more

Heathrow Airport has kicked off its annual Whisky Festival; a month-long extravaganza spanning from April 15th to May 14th. Partnering with World Duty Free, Heathrow is set to host a series of whisky-themed events, which is expected to delight enthusiasts. This year promises a grand showcase as Heathrow unveils exclusive global product launches and immersive in-store experiences, spotlighting the diverse world of whisky. From rare and vintage bottles to innovative new blends, the festival celebrates the versatility of this beloved spirit. In 2023, whisky dominated spirits sales at Heathrow, co ..read more

The 49-year-old Silent Distillery expression by Midleton Very Rare is the fifth release in their Silent Distillery Collection. Distilled by Max Crockett in 1973, it stands as the oldest whiskey ever crafted at Midleton. Originating two years prior to the closure of the Old Midleton Distillery, this single pot still whiskey was the product of maturation in ex-Bourbon barrels before being married for six months in cask number 52969, previously used for Bourbon aging. With an ABV of 52.4 percent and a hefty price tag of US$55,000, this exquisite whiskey will grace shelves in Ireland, Northern Ire ..read more

For the first time since Telangana came into being in 2014, there has been a reduction in monthly excise income growth in the state, which can be attributed to the southern state’s ongoing liquor industry crisis. The cumulative growth of liquor income of Telangana was only 3 percent in the 2023-24 financial year as compared to 19 percent cumulative growth of liquor income of the state, in the 2022-23 financial year. Many middle and small alcobev players operating in the state have initiated reducing staff strength. There are also pockets of discontentment among many alcobev players operat ..read more

The Macallan has announced the prestigious The Macallan M 2023 in India from its M Collection, which is a meticulously crafted, age statement whisky that embodies the legacy of craftsmanship and distinctive brand character, reflecting The Macallan’s unique and exceptional spirit. This launch represents The Macallan’s steadfast dedication to excellence, celebrating each of the brand’s six pillars – natural colour, mastery, curiously small spirit stills, The Estate, exceptional oak casks, and sherry seasoning. Only 10 handpicked bottles of The Macallan M 2023 have been allocated for the Indian m ..read more

The Election Commission of India has informed that ahead of the Lok Sabha elections, cash, liquor, drugs, and freebies worth over Rs. 4 crore were seized in Jammu and Kashmir by the authorities, According to the data provided by EC, cash worth Rs 1.2 crores, liquor worth Rs 63 lakh, drugs worth Rs 2.35 crore, precious metals worth Rs 25,800 crore, and freebies and other items worth Rs 5.59 lakh were seized in Jammu and Kashmir ahead of the elections on the anvil. The poll body is on track for the highest-ever seizures of inducements recorded in the history of Lok Sabha elections in India, with ..read more