Indian alcoholic beverage industry projected to grow 8-10% in FY25, driven by beer demand, spirits resurgence, and premium product shift, with revenue supported by state government price hikes.
The Indian alcoholic beverages industry is projected to grow 8-10% in FY25, fueled by strong beer demand, a resurgence in spirits consumption, and a shift toward premium products, as reported by ICRA. Revenue growth will be supported by recent price hikes from state governments. Volume growth is expected to rise to 5-6%, up from 4% in FY24, with spirits growing 2-4% and beer 5-7%. The industry's operating profit margin is anticipated to remain around 12-13%.
October 07, 2024
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