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By Nishang Narayan
Published on October 10, 2024
The Indian alcoholic beverages (alcobev) industry is set to experience strong growth in FY2025, according to a recent report by ICRA. The report predicts a revenue expansion of 8-10 percent, driven by consistent demand for beer and a recovery in the consumption of spirits, as well as an increasing consumer preference for premium products.
In Q1 FY2025, the spirits industry saw a revenue increase of approximately 9 percent year-on-year (YoY), supported by 5-7 percent improvement in realizations and 2-4 percent volume growth. The beer industry, in particular, benefited from the peak season, recording a 12 percent YoY revenue increase, due to 3-5 percent volume growth and 7-9 percent rise in realizations.
Commenting on the volume growth, Kinjal Shah, Senior Vice President and Co-Group Head of Corporate Ratings at ICRA, said: “We expect the alcobev industry volume growth to improve to 5-6 percent in FY2025, up from ~4 percent in FY2024. Spirits volumes are projected to grow at a moderate pace of 2-4 percent, supported by favorable demographics and limited tax increases. Meanwhile, beer is expected to see a 5-7 percent volume growth, building on a high base from FY2024."
Despite the rise in grain prices, particularly non-basmati rice, the operating profit margin (OPM) for ICRA’s sample set of companies is anticipated to remain stable at 12-13 percent in FY2025, thanks to declining packaging material costs such as glass bottles, which benefited from lower soda ash prices.
Shah noted, "While grain costs surged by 20-25 percent in H1 FY2025, prices are starting to stabilize, particularly for non-basmati rice. Additionally, price hikes granted by various state governments are expected to support margins. However, the diversion of grains toward ethanol production, driven by government blending mandates, will be a key factor to watch."
The capital expenditure (CAPEX) trend within the industry also points to sustained growth. Companies in ICRA’s sample set invested over INR 1,000 crore in FY2023 and FY2024, primarily to enhance distillery and brewery capacities. While CAPEX is expected to moderate to 2-3 percent of operating income in FY2025 and FY2026, this follows a period of significant capacity additions.
ICRA forecasts that debt levels will remain stable, supported by modest debt-funded CAPEX plans and strong cash accruals. Debt coverage metrics are expected to be healthy, with total debt/OPBDITA projected at 0.3-0.5 times and interest coverage at 27-30 times in FY2025.
In conclusion, the Indian alcoholic beverages industry is likely to remain in high spirits throughout FY2025, buoyed by a favorable demand outlook and stable profitability, despite rising input costs.
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Published on December 21, 2024
DoubleTree by Hilton Gurugram Baani Square has officially relaunched Vibe – The Sky Bar, a premium rooftop bar designed to deliver a one-of-a-kind experience. Located in Sector 50, this open-air haven combines breathtaking panoramic views of Gurugram's skyline with exceptional service, gourmet dining, and the largest Whiskey Library in the city.
A Whiskey Lover's Paradise
At the heart of Vibe – The Sky Bar is its crown jewel—the Whiskey Library. This meticulously curated collection features over 100 varieties of single malts and whiskeys sourced from Indian and international origins. Accompanied by detailed literature about their profiles and heritage, the Whiskey Library is a paradise for connoisseurs and enthusiasts alike, redefining the art of indulgence in Gurugram.
A Culinary Adventure
The experience begins with a warm welcome and amuse-bouche, including unlimited lavash and pita served with three signature dips. Guests can choose from a thoughtfully curated menu featuring a range of vegetarian and non-vegetarian starters prepared using tandoor, tawa, skewers, and grill techniques. To complete the culinary journey, the Signature Indian Main Course offers a blend of classic and innovative flavors.
Vibe – The Sky Bar offers dining flexibility with three options:
An Atmosphere Like No Other
The bar’s ambiance strikes the perfect balance between modern sophistication and ethnic charm. Lounge music adds to the vibrant atmosphere, making it an ideal spot for both casual evenings and special celebrations. Whether it’s an intimate gathering or an after-hours hangout, Vibe – The Sky Bar promises a memorable setting.
Words from the Team
Pawan Anand, Director of Food & Beverage at DoubleTree by Hilton Gurugram Baani Square, shared his excitement: “We are thrilled to present Vibe – The Sky Bar as a destination where great conversations meet exceptional indulgence. With our Whiskey Library, gourmet kebabs, and unmatched service, we look forward to welcoming guests to this unique rooftop experience.”
About DoubleTree by Hilton Gurugram Baani Square
DoubleTree by Hilton continues to be a symbol of comfort and hospitality worldwide. Known for its signature warm chocolate chip cookie welcome, DoubleTree offers state-of-the-art amenities, exceptional dining experiences, and spaces for meetings and events.
For more details or to book your experience, visit Vibe – The Sky Bar.
This December, The Reservoire in Indiranagar invites you to celebrate Christmas with a specially curated menu that brings festive classics to life with a modern culinary twist.
Indulgent Starters to Begin the Celebration
Kickstart your Christmas festivities with irresistible starters like the Wild Mushroom Pierogi, perfectly golden Pan-Fried Crab Cakes, and the festive Cranberry Glazed Turkey Meatballs. Each dish is crafted to ignite your holiday spirit with its rich flavors and festive appeal.
Main Course Highlights
The main course promises a feast to remember. Relish the holiday-perfect Prunes & Olives Roast Chicken, the delicately prepared Pan Roasted Sea Bass, or the exquisite Steamed Pomfret Cantonese. For those craving a touch of spice, the tender Gulabi Murgh Tikka paired with flavorful sides adds an extra festive kick.
Decadent Desserts to Conclude
Save room for the signature Christmas desserts that are sure to delight your palate. From the classic Xmas Plum Cake with Brandy Sauce to the refreshing Mango Mascarpone Swiss Roll and the indulgent Chocolate Old Monk Mousse Cake, every bite is a celebration of festive sweetness.
Toast the Season with Handcrafted Holiday Drinks
No Christmas feast is complete without the perfect drink in hand. Raise a toast to the season with handcrafted holiday beverages like the creamy Reserved Eggnog, the warming Mulled Wine, and the bold Smokey Ginger Sleigh—each sip a celebration of Christmas cheer.
Experience Christmas at The Reservoire
Celebrate the joy of the season at The Reservoire, where warm, festive flavors come together to create unforgettable holiday memories. With its cozy ambiance and thoughtfully curated menu, it’s the perfect setting for Christmas gatherings with family and friends.
Event Details
Make this Christmas truly special with The Reservoire’s festive offerings. Don’t miss out on this unforgettable holiday dining experience!
Step into a Christmas Wonderland this festive season at Sheraton Grand Pune Bund Garden Hotel, where every moment is filled with warmth, flavor, and joy!
This holiday season, celebrate Christmas with two spectacular feasts designed to bring families and friends together in a festive ambiance.
Christmas Eve Dinner – A Magical Start to the Festivities
Kick off the holiday celebrations with an exquisite Christmas Eve Dinner. Begin your culinary journey at Santa’s Snack Counter with delightful bites like mini veg sliders, open sandwiches, and canapés. Dive into show-stopping highlights, including the Traditional Roast Turkey with apricot stuffing, Honey-Glazed Roasted Leg of Pork, and Oven-Roasted Chicken with root vegetables. Seafood enthusiasts can relish the Whole Red Snapper in Sichuan. End the evening on a sweet note with classic Christmas desserts like Stollen, Plum Pudding, Mince Pies, festive cupcakes, and Christmas Ginger Cookies.
Christmas Day Brunch – A Feast of Festive Cheer
On Christmas Day, gather for a merry brunch that’s brimming with indulgent flavors and festive vibes. Enjoy starters like Mongolian-style crispy prawns, Maple herb-glazed pork belly with pumpkin mash, and Chilli Lemon Roasted Chicken. The carving stations feature delights like Beef Wellington and the signature Roasted Turkey with cranberry sauce and bread gravy. The dessert spread promises to enchant, with Jamaican Rum Cake, Raspberry Buttercream Cake, and Pistachio Panna Cotta stealing the show.
More Than Just a Meal – A Festive Experience
From the twinkling lights of Christmas Eve Dinner to the family-friendly fun at Christmas Day Brunch, Sheraton Grand Pune Bund Garden Hotel sets the stage for joyful memories. The brunch offers activities like a Kids Zone, "Paint Your Santa," and even a Lucky Draw for added excitement. With live music enhancing the ambiance, every moment is steeped in festive charm.
Reservations:
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