Indian alcoholic beverage industry projected to witness 8-10% revenue growth in the current fiscal year, reaching Rs 5.3 lakh crore with a 13% CAGR over the past three years.
Operating profitability expected to increase by 60-80 basis points, driven by ongoing premiumization in the sector, with spirits dominating the industry.
Factors like urbanization, expanding drinking population, and rising disposable incomes projected to fuel industry volume growth of 5-6%, supporting sector growth.
Higher volumes and realizations likely to enhance profitability for players, despite expected marginal increases in input costs for raw materials like ENA, barley, and packaging.