Tag Archives: alcobev news

December 2025 Issue

The December 2025 issue of Ambrosia is now live! (Click here)

The December 2025 issue of Ambrosia Magazine is here!

It features engaging and insightful articles such as:

• INDSPIRIT 2026
• What to expect in 2026
• Updates on the MML vs ISWAI case
• Pernod Ricard: India’s bet on repertoire drinking
• India’s alcohol economy in 2025: Scale, state power, and structural friction
• Court allows PLL holders to register labels, pending final order
• Exclusive interviews with Pernod Ricard and Bacardi, and many more

As 2026 Beckons: Reading the Signals of a Changing Alcobev India

INDSPIRIT 2026 and Tunes & Tonic Announced

If the final month of this year is anything to go by, 2026 promises to arrive with more than just optimism — it comes with momentum. The year gone by has been anything but quiet for India’s alcobev industry. From the Maharashtra government’s face-off with ISWAI to intense conversations around state control, taxation, and regulatory balance, 2025 has underlined how scale, state power, and structural friction continue to define this business. Yet, amid these challenges, the industry has also demonstrated resilience, adaptability, and an unmistakable appetite for growth.

Throughout the year, Ambrosia has stayed at the forefront of these developments — tracking policy shifts, decoding consumer behaviour, and spotlighting growth stories that make India’s alcobev landscape one of the most dynamic in the world. It is an industry shaped as much by regulation as it is by aspiration, and one that continues to evolve at a pace few global markets can match.

And speaking of consumer behaviour, 2026 will also mark the 21st edition of INDSPIRIT 2026, alongside the debut of Tunes & Tonic, a new consumer-facing experience set to take place in Gurugram on 6–7 March 2026. Together, these events promise to be bigger, bolder, and more immersive — celebrating the industry’s achievements while creating an energetic, music-led atmosphere that resonates with today’s experience-driven consumer.

In this issue, we continue that focus. Our editorial lens turns firmly toward the year ahead, unpacking insights that help decode where the Indian consumer is headed in 2026. From changing drinking occasions and premiumisation to the growing influence of moderation, mixers, and experience-led consumption, these stories are designed to help brands, distributors, and industry stakeholders plan better — whether that means sharper portfolios, smarter strategies, or more meaningful consumer engagement.

For those looking to understand the year that was, our feature India’s Alcohol Economy in 2025 offers a comprehensive snapshot of the forces that shaped consumption, regulation, and market sentiment. Built on perspectives from industry leaders, the article captures both the pressures and possibilities that defined the past year.

Equally compelling are our conversations with Jean Touboul, CEO of Pernod Ricard India, and Inderjit Singh Dhingra of Bacardi. Their insights shed light on how consumer preferences are shifting, how brands are responding, and what trends are likely to shape portfolios and conversations in the year ahead.

As the industry steps into a new year, one thing is clear — 2026 will reward those who listen closely to the market, adapt swiftly to change, and remain committed to quality and relevance. The challenges are real, but so are the opportunities. At Ambrosia, our endeavour remains unchanged: to inform, to question, and to provide clarity in a fast-evolving landscape. As the next chapter unfolds, we look forward to chronicling an industry that continues to redefine itself — one decision, one policy, and one drink at a time.

Inside Pernod Ricard India’s Bet on Repertoire Drinking

Seagram’s Xclamat!on unites whisky, gin, vodka, rum, and brandy under one name, responding to a generation that values flexibility, quality, and continuity across occasions.

India’s premium spirits market has been changing in ways that are subtle yet consequential. The shift is visible less in headline numbers and more in how people drink. Younger urban consumers are increasingly comfortable moving across categories, assembling their preferences around setting, company, and mood. A whisky-led evening may give way to gin another night, vodka on a different occasion, with brand trust travelling across those choices. Pernod Ricard India’s introduction of Seagram’s Xclamat!on sits squarely within this behavioural turn.

Launched as a single brand spanning whisky, vodka, gin, rum, and brandy, Xclamat!on reflects an attempt to respond to how consumption now unfolds in practice. The idea grew out of sustained engagement with drinkers in the 26–35 age bracket, a segment that shows high openness to experimentation alongside a growing insistence on quality. Jean Touboul, CEO of Pernod Ricard India, has observed that this cohort seeks “choice beyond whisky, with drinking acting as an expression of personality.” That insight pointed to a wide, under-addressed space: aspirational, price-aware, and underserved by structures that traditionally separated spirits into rigid compartments.

Xclamat!on has been positioned within this space with restraint. A uniform price architecture across five spirits introduces clarity, while distinct liquid identities preserve individuality. The brand does not require consumers to recalibrate expectations when shifting categories. It reflects repertoire-led drinking as an established behaviour.

A Unified Label for a Plural Consumer

For a company with a long history of category-specific branding, bringing five spirits under one label marks a notable shift. Xclamat!on is Pernod Ricard India’s first unified brand, conceived in response to consumption habits that privilege flexibility and situational choice. Internal research highlighted higher discretionary spend, increased at-home occasions, and a clear movement beyond whisky-centric consumption.

Jean has spoken of consumers expressing the need for “one reliable name that delivers quality and diversity across categories.” The liquids themselves are varied in composition and reference. The whisky combines Speyside Scotch malts matured in dual casks with Indian grain spirits. Vodka is produced from Indian grain and filtered using Russian moonstone technology. Gin brings together juniper berries sourced from Germany with Indian botanicals, resulting in seven expressions. Brandy draws on Indian and French grapes aged in Limousin wood, while rum blends Indian jaggery spirit with aged Jamaican rum, distilled using multi-column copper stills.

What holds these expressions together is not sameness but coherence. Jean has described Xclamat!on as offering “distinct taste and positioning within a single brand framework,” reflecting the way contemporary drinkers assemble their choices across different moments rather than committing to a single narrative.

Local Production, Global Reference

Xclamat!on has been produced in India, with local teams closely involved in formulation and execution. The range aligns with the Atmanirbhar Bharat vision. The emphasis remains on relevance and suitability for domestic preferences, supported by international reference points.

As Jean has noted, the brand has been “developed locally for India’s growing base of aspirational and quality-conscious consumers.” Global inputs appear throughout the portfolio as supporting elements. The approach focuses on alignment with domestic palates and social settings.

Packaging choices reinforce this outlook. Glow-in-the-dark labels, aluminium snap lids, and a bold visual language establish shelf presence, while the absence of mono-cartons reflects Pernod Ricard India’s sustainability-by-design approach. The bottles arrive unboxed, reducing material use while maintaining premium cues.

Expansion in a Complex Operating Climate

Xclamat!on’s rollout begins across Haryana, Uttar Pradesh, Goa, Rajasthan, and Daman, with plans to extend to fourteen markets within the first year. The phased approach suggests calibration rather than haste, allowing the brand to settle into distribution networks before wider availability. This pacing aligns with Pernod Ricard India’s broader growth outlook, where innovation occupies a central role.

India remains Pernod Ricard’s second-largest market globally by value and its largest by volume. Jean has indicated that innovation is expected to contribute around a quarter of the company’s growth over the next decade, with Xclamat!on projected to play a meaningful role in that trajectory.

At the same time, the operating environment remains demanding. Recent reporting has drawn attention to supply interruptions and regulatory constraints affecting retail presence in major metros, including New Delhi. These factors shape cash cycles, market access, and the sequencing of new launches, requiring companies to balance ambition with operational discipline.

Within this context, Xclamat!on reads as a long-horizon commitment. It enters the market with an awareness of governance expectations, compliance frameworks, and the realities of scaling in a fragmented regulatory landscape. Jean has spoken of India as a springboard for global innovation, a market whose scale and consumer maturity justify sustained investment. That confidence rests on the belief that premiumisation in India will continue to be driven by informed choice and responsible expansion.

Pritisha Borthakur

Bombay High Court Directs Maharashtra to Open Portal for Label Registration

The Bombay High Court has directed the Government of Maharashtra to open the excise department portal for online registration of labels for all alcobev companies, a request filed by the advocates representing the International Spirits and Wines Association of India (ISWAI). This is a temporary directive, pending the hearing of the case filed by ISWAI against the State Government. The next hearing of the case is on December 16. ISWAI went to court, seeking, among other issues, a level playing field in the manufacture of ‘Maharashtra Made Liquor’ (MML).
The Court on November 24 had directed the Government representatives to open the portal for any alcobev player from within the state. However, till December 9, the excise department had not facilitated that process, forcing the Court to take notice of that and cautioning the government. A two-judge bench headed by Senior Judge Revathi Mohite Dere asked why the excise department had not followed the court directive and cautioned the government that it would take serious notice of the lapse.Sources in the Excise Department clarified that the portal is open for anyone to file an application for registering their labels, but it is the department’s prerogative to accept or reject the application.
Only the application for label registration will be accepted once the applicant fits in into the Guideline criteria set by the government. As of now 13 manufacturers are eligible and got the permission to produce MML.

The ISWAI contention has been that the process for companies to get their labels registered is time-consuming, not less than 45 days, and with the court case going on there would be further delay. This, the ISWAI source mentioned would give undue advantage to the eight players who have been granted licenses to set up MML units. They are already marketing MML in the price band of Rs. 160 and Rs. 205 where brand really does not matter to a particular segment of consumers.
As of now, reports from the ground indicate that the products launched under the MML category are doing ‘extremely well’ with product quality being good. Some of the MML players or the consultants who are guiding them come with enormous experience in the liquor industry, either having worked in major companies or having bottling plants or ethanol units. Some of them also own retail shops across Maharashtra where they can give good shelf position for their products.
The ISWAI source said that many of the players were ‘commodity players’ and not ‘brand players’ and they would flood the market having a good lead over the established companies. The source acknowledged that the MML players had drafted consultants who have had strong background in the liquor business and are helping the licensees to set up the businesses, thus giving ‘undue advantage’ to them.
ISWAI went to the court stating that some domestic and international players were producing brands in Maharashtra and selling exclusively in the state and hence should be considered a local player, a criteria to get MML license.
In mid-2025, the Maharashtra government introduced policy changes to incentivise local investment. It brought in the MML category, to include grain-based spirits produced exclusively by local manufacturers. The tax rate for MML is 270 per cent with zero foreign investment/ownership. The government believes that this will spur the local industry.
ISWAI then filed a lawsuit against the Maharashtra government, challenging the sharp hike in excise duty on premium affordable liquor brands and also for exclusion of brands of major players such as Diageo India and Pernod Ricard India from the newly-created lower tax category of MML. ISWAI is represented by Darius Khambatta and Rohan Shah.
The court also asked the government lawyer why the report of the Varsha Nair Committee was not submitted earlier on MML. The report highlights certain salient points to encourage those distilleries which are closed or underutilised in Maharashtra to produce cheap liquor. The report added that this would generate additional revenue to the excise department as well as generate employment provided it is made in Maharashtra for distribution in Maharashtra. It also prescribes certain minimum shareholding pattern for owners.

So far, the department has approved 13 licenses and many more are pending. Companies like Radico Khaitan; Diageo India; Pernod Ricard India and some more are keen on jumping on to this bandwagon to produce economy liquor priced between Rs.160 and Rs.205 for the Maharashtra consumers even while their focus is on premium brands. These companies could launch similar products in this price range with some brand extensions and so on.
The State government is insisting that the policy changes will fetch in more revenue, encourage local industry and create new jobs. MML category is expected to fetch additional excise revenue of Rs. 3,000 crores.

ABD Maestro Expands Portfolio with New YELLO Designer Whisky

ABD Maestro Pvt. Ltd. has introduced YELLO Designer Whisky, a new offering that combines Scotch malts from Speyside and the Highlands with Indian malt whiskies. The launch comes shortly after the debut of Rangeela Vodka by Ranveer Singh, who is also the company’s Co-Founder and Creative Partner.

YELLO Designer Whisky enters the market with packaging aimed at reflecting contemporary consumer tastes through its colour-led design, sleek structure, and a transparent “whisky window.” The whisky is priced at ₹2,700 for a 750ML bottle in Maharashtra, where it has first been introduced. The brand will roll out next in Goa, West Bengal, and select North Indian markets.

The blend uses Scotch malts matured in ex-bourbon oak barrels, contributing notes of vanilla caramel and oak, while the Indian malts add depth and a warm finish. According to Bikram Basu, Managing Director of ABD Maestro, the whisky’s development focused on product design, packaging and communication centred around emerging consumer preferences.

India’s premium spirits category continues to evolve, supported by a growing base of consumers seeking products that align with their personal expression and identity. YELLO Designer Whisky is positioned within this segment, targeting urban and culturally aware drinkers.

Pernod Ricard India Raises a Toast to Atmanirbhar Spirit with Seagram’s Xclamat!on

Pernod Ricard India unveiled Seagram’s Xclamat!on at an exclusive launch event held at The Oberoi, Gurugram, introducing a striking new portfolio that unites five premium spirits—whisky, vodka, gin, brandy, and rum—under one identity. Designed and crafted in India, the range reflects the company’s ambition to meet the tastes of a new generation of drinkers seeking quality and variety. With its bold design and accessible price point, Xclamat!on signals Pernod Ricard India’s next growth chapter in the premium admix space and is expected to drive a tenth of the company’s expansion over the next decade.

At the launch event, Jean Touboul, CEO of Pernod Ricard India, described Xclamat!on as “boldness, innovation, and celebration in a bottle,” adding that the brand brings together five spirits under one label for the first time in the company’s portfolio. His words captured the intent behind the creation; an Indian-made collection with international finesse and character.

The collection highlights a blend of local craft and global expertise: whisky made with Speyside malts matured in dual casks, brandy created from Indian and French grapes aged in Limousin wood, and rum infused with the richness of jaggery and aged Jamaican spirit. The vodka draws purity from Indian grain, filtered with Russian moonstone technology, while the gin brings together German juniper and Indian botanicals in seven distinct expressions.

Even the design language of Xclamat!on mirrors its spirit: vivid, expressive, and confident. Glow-in-the-dark labels and aluminum snap lids redefine shelf presence while reducing packaging waste, aligning with Pernod Ricard’s sustainability goals. The rollout begins across Haryana, Uttar Pradesh, Goa, Rajasthan, and Daman, eventually covering 14 markets in the first year. With this launch, Pernod Ricard India strengthens its commitment to innovation, homegrown excellence, and a future-forward drinking culture.

Allied Blenders and Distillers Launch ICONiQ Winter Whisky in New Territories

Allied Blenders and Distillers (ABD) has announced the expansion of its successful brand ICONiQ with the launch of ICONiQ Winter International Grain Whisky in Uttar Pradesh and Haryana. Building on the consumer response in Maharashtra, this launch marks the next chapter in ABD’s journey.  

ICONiQ continues to deliver growth, doubling both its volumes and market share this year in the prestige whisky category. In Uttar Pradesh, ICONiQ is now the No. 2 brand, having crossed 1 million cases in just the first five months of this financial year. The brand witnessed significant improvement in market share in both the states of Uttar Pradesh and Haryana, according to an ABD press release. 

ICONiQ Winter is India’s first whisky designed specifically for the winter months. The blend combines real spices such as cinnamon, clove, nutmeg, pepper, cardamom, and ginger with select Scotch malts and Indian grain spirits. Aged in Bourbon Oak Casks, the whisky delivers a rich, smooth profile with toasted notes and a lingering, cozy finish. It captures the essence of winter through a perfect balance of warmth, comfort, and celebration, appealing to discerning consumers seeking something new yet familiar.

Alok Gupta, Managing Director at ABD, added, “ICONiQ Winter reflects our belief in innovation and understanding consumer preferences. Northern India, with its vibrant festive culture and appreciation for fine spirits, provides the ideal setting for this seasonal creation. We aim to keep the whisky experience dynamic and exciting for evolving consumers. With ICONiQ Winter, we bring warmth and craftsmanship together in a bottle that truly celebrates the season.”

 In Uttar Pradesh the brand makes its debut and is  priced at ₹620 for 750 ml and ₹160 for 180 ml. In Haryana, it will be available at ₹570 for 750 ml and ₹170 for 180 ml.

Sir Dave Lewis appointed Diageo plc CEO

Diageo plc has appointed Sir Dave Lewis to the role of Chief Executive Officer and Executive Director, effective on 1 January 2026.

Nik Jhangiani will continue as Interim CEO until the end of December 2025 and then resume his CFO role thereafter. Deirdre Mahlan, having returned to Diageo as Interim CFO, will continue to support Diageo through the transition.

Sir Dave Lewis

Dave is a proven CEO with extensive marketing and brand building experience. He has an outstanding track record leading global consumer businesses, growing world-class brands, and providing operational and financial rigour. Dave served as Group CEO of Tesco plc from 2014 to 2020, where he transformed the business and, prior to this, spent nearly three decades at Unilever, latterly in Executive Committee roles, leading on both marketing and business performance. Additionally, Dave has been the Chair of Haleon, a global leader in consumer healthcare, since its creation in 2022 and is a non-executive board director of PepsiCo Inc. Dave will be stepping down from the Haleon role on 31 December 2025.

Sir John Manzoni, Diageo’s Chair, who led the succession process on behalf of the board, said, “We are delighted to welcome Dave as Diageo’s new CEO. Having conducted an extensive and thorough global search, the Board unanimously felt that Dave has both the extensive CEO experience, and the proven leadership skills in building and marketing world-leading brands, that is right for Diageo at this time.”

Manzoni continued, “We are confident that Dave will work with the team to take Diageo into its next successful chapter in the evolving consumer environment. The Board wishes to recognise and thank Nik Jhangiani for his excellent leadership as Interim CEO and for continuing to drive forward Diageo’s sharpened strategy.”

Sir Dave Lewis, Chief Executive Officer, said, “Diageo is a world leading business with a portfolio of very strong brands, and I am delighted to be joining the team. The market faces some headwinds but there are also significant opportunities. I look forward to working with the team to face these challenges and realise some of the opportunities in a way which creates shareholder value.”

Dave is also a Trustee for The Royal Foundation and the Chair of the World Wildlife Fund in the UK. In recognition of his contribution to business and the food industry in the United Kingdom, Dave was knighted by Her Majesty Queen Elizabeth II in the 2021 New Year’s Honours List.

Tilaknagar Industries Ltd. brings Monarch Legacy Edition and Mansion House Brandy to Hyderabad Duty Free

Tilaknagar Industries Ltd. (TI), in collaboration with Fairmac Shipstores Pvt. Ltd., has launched its flagship Mansion House Brandy alongside Monarch Legacy Edition, the first release under the company’s new luxury vertical, House of TI, at Hyderabad Duty Free. Travellers at Rajiv Gandhi International Airport can now experience the full spectrum of Indian brandy, from the award-winning Mansion House Brandy to the luxury offering, Monarch- 100% Pure Grape Brandy Legacy Edition.

 Amit Dahanukar, Chairman & Managing Director of Tilaknagar Industries said “It’s exciting to expand our presence further in the travel retail sector, which is such an important space for showcasing Indian spirits on a global stage. Hyderabad Duty Free is a significant expansion in this, as it serves as a gateway for both Indian and international travellers. With Mansion House, we are bringing a trusted favourite, and with Monarch Legacy Edition, we are introducing a new luxury take on Indian brandy. Together, they highlight where the category has been and where it is headed.” 

Sanaya Dahanukar – Marketing Manager of Tilaknagar Industries Ltd., commented, “Brandy has always enjoyed a strong following in Southern India, with nearly 98% of the brandy consumption concentrated within the region, and Hyderabad is an important gateway for that audience. At Duty Free, we are able to offer travellers both sides of the brandy story — the nostalgia of Mansion House and the sophistication of Monarch Legacy Edition.”  

Kartik Mohindra takes over as Managing Director, India of William Grant & Sons

  • Debasree Dasgupta to take charge as CMO & Head of Global Business Development of Pernod Ricard India on November 1

Kartik Mohindra took charge as Managing Director of WG&S, India on October 1. He was formerly the Chief Marketing Officer & Head of Global Business Development at Pernod Ricard India. Sachin Mehta, the current MD, will be taking up an international role within the WG&S business, as Managing Director, Canada.

Kartik Mohindra’s position in Pernod Ricard India is being taken by Debasree Dasgupta, effective November 1.  Currently Global Vice President for Absolut, Dasgupta took on the position in 2023 and has since overseen the brand’s international strategy. Her career spans senior marketing roles at PepsiCo, Reckitt, and Unilever, giving her a diverse portfolio across categories and geographies.

Premium spirits company William Grant & Sons is signalling a focused push to strengthen its presence in one of the world’s most promising alcoholic beverage markets. Kartik joined the business with over 26 years of experience as a senior leader in marketing and sales, primarily in the alcohol, beverage and FMCG sectors.

In his former role, he played a role in transforming business performance at Pernod Ricard, leading brand strategy and expanding into new global markets. He has also overseen brand-led innovation across various categories, from whiskies and wines to brand extensions.

“These appointments reflect WG&S’ continued investment in key growth markets and a commitment to strengthening our global leadership team. We are excited to welcome Kartik to our team in India – a strategically important market for us. Driven by his expertise, we’re confident that we will further build on the great progress Sachin and the team have made in India in recent years,” said Doug Bagley, Chief Commercial Officer, WG&S.

The company’s portfolio includes brands of Scotch whisky, like Grant’s Blended Scotch, Glenfiddich, The Balvenie range of handcrafted single malts and other spirits brands such as Monkey Shoulder, Hendrick’s Gin and Tullamore DEW Irish Whiskey. William Grant & Sons operates in India through its 100% subsidiary William Grant & Sons (India).

Globus Spirits Launches TERAI India Craft Vodka

  • World’s First Amethyst-Crystal Filtered Vodka
  • Launched in Rajasthan, expansion soon in Delhi, Gurgaon, Goa, and Mumbai

Globus Spirits Limited recently announced the launch of TERAI India Craft Vodka, the vodka filtered through amethyst crystals.

Handmade with care and cultivated from grain to glass at the TERAI distillery in Behror, Rajasthan, TERAI India Craft Vodka is crafted using locally sourced rice and bespoke production methods. The distillate undergoes a unique refinement process—filtered through amethyst crystals—creating a vodka which is smooth, playful, and unlike any other in the premium category.

Commenting on the launch, Shekhar Swarup, Joint Managing Director, Globus Spirits, said, “At Globus Spirits, our vision is to create world-class products that blend Indian tradition with global innovation. TERAI India Craft Vodka, with its unique amethyst crystal refinement, is a first for the world and a bold step in our premiumisation journey. We are confident it will resonate strongly with discerning urban consumers who seek authenticity, craftsmanship, and distinction in their spirits.”

TERAI India Craft Vodka has made its debut in Jaipur and Udaipur, Rajasthan, priced at `2,245 for a 750ml bottle. Expansion to Delhi, Gurgaon, Goa, and Mumbai is planned shortly, with availability across leading retail outlets and select premium channels.

With a distilling heritage dating back to 1958, Globus Spirits has been steadily strengthening its premium portfolio. The journey began with TERAI India Dry Gin, which has become a recognised name in the craft gin space, and now continues with the launch of TERAI India Craft Vodka.