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Wine, spirits importers urge states for inflation-linked pricing policy as margins shrink

Wine, spirits importers urge states for inflation-linked pricing policy as margins shrink
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Wine: Wine, spirits importers urge states for inflation-linked pricing policy as margins shrink

The International Spirits & Wines Association of India (ISWAI) is advocating for an inflation-based pricing model for alcoholic beverages, citing a significant rise in raw material costs. According to ISWAI CEO Nita Kapoor, industry margins have diminished due to the surge in material prices, leaving little for manufacturers and traders after state governments claim a substantial portion (60-80%) of liquor sales.

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Wine, spirits importers urge states for inflation-linked pricing policy as margins shrink

Wine, spirits importers urge states for inflation-linked pricing policy as margins shrink
devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.

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Wine importers urge for inflation linked pricing policy as margins shrink

Premium spirits and wine importers' body ISWAI has urged state governments to implement an inflation-based pricing model, highlighting that industry margins have shrunk due to a rise in raw material costs.

As the cost of raw materials used to produce alcohol has gone up substantially and theP of

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Budget 2024 brew: Alcobev players pitch for uniform tax, excise duty cuts; ENA price relief, input tax credit hold key

Budget 2024: The Indian alcohol industry stakeholders, in a concerted voice, seek closure of tax on ENA and a uniform tax system across the country. They also underscore the need for input tax credit.

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Alco-bev industry in tight spot over shrinking margins as states keep MRP constant: ISWAI's Nita Kapoor

The domestic alcohol industry is caught in a squeeze play. Soaring raw material costs are taking a toll on margins as state governments keep MRP unchanged. The price of extra-neutral alcohol, a key raw material, has gone up by 53% since 2018.

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"States should consider rationalisation of excise duty, and address inflation of input materials"

"States should consider rationalisation of excise duty, and address inflation of input materials"
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Liquor industry in high spirits as holiday season is around the corner

The October-December quarter is the peak season for the domestic industry as demand for premium alcoholic beverages surges

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Stock Market Live Updates 23 November 2023: Asia's markets tread cautiously amid lingering inflation concerns

Stock Market Live Updates 23 November 2023: Asia's markets tread cautiously amid lingering inflation concerns
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States need to GI-tag food, beverages for better prices overseas: Alcobev industry

States need to GI-tag food, beverages for better prices overseas: Alcobev industry
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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