Daijiworld Media Network - New Delhi

New Delhi, Oct 1: India’s alcoholic beverage sector is poised for robust growth, with revenues expected to rise by 10-12% year-on-year in FY26, driven by sustained consumer demand, a shift towards premium products, and price hikes imposed by several state governments, according to a recent report by ratings agency ICRA.

While overall volume growth is projected to be modest at 1-2% in FY26, the beer segment is anticipated to outpace spirits, with volume increases of 4-6% as steady demand continues to support its expansion. Conversely, spirits—including Indian-made foreign liquor and country spirits—are likely to see volume declines, pressured by higher taxes and rising retail prices.

Operating profit margins for a sample of companies are forecast to

See Full Page