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India's alcohol industry sees 10–20% growth in Q4 2024, driven by festivals, rising incomes, and premium drink demand.
India's alcoholic beverage industry expects 10% to 20% growth in the October–December quarter, fueled by strong festive season demand, rising disposable incomes, and a shift toward premium spirits like Indian single malts, gin, vodka, and imported whiskies.
Sales surged in Tier I, II, and emerging Tier III cities, with record performances during Dussehra, Durga Puja, and regional celebrations.
The premium segment’s market share exceeded 50% between 2019 and 2024, and industry revenue reached ₹3.5 lakh crore in excise duties in 2024, despite a slight dip in IMFL whisky volumes.
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La industria de las bebidas alcohólicas de la India verá un crecimiento del 10-20% en el cuarto trimestre de 2024, impulsado por los festivales, el aumento de los ingresos y la demanda de bebidas premium.