Indian Alcoholic Beverages Industry Poised for Growth in FY2025: ICRA Report

Indian Alcoholic Beverages Industry Poised for Growth in FY2025: ICRA Report

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.

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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.


Oohmami Debuts at Hyatt Centric Hebbal Bengaluru with Rooftop Pan-Asian Dining

Oohmami Debuts at Hyatt Centric Hebbal Bengaluru with Rooftop Pan-Asian Dining

By Manu Vardhan Kannan

Published on July 21, 2026

 Hyatt Centric Hebbal Bengaluru has unveiled Oohmami, a new rooftop dining destination that brings together contemporary Pan-Asian cuisine, signature cocktails and immersive entertainment in a vibrant setting overlooking the city.

Located on the 12th floor of the hotel, Oohmami has been designed as a day-to-night destination where guests can enjoy bold flavours, curated music and a lively social atmosphere. The concept blends modern dining with engaging hospitality, offering an experience that extends beyond a traditional restaurant visit.

The opening marks a new addition to Hyatt Centric Hebbal Bengaluru's food and beverage portfolio, with a focus on creating memorable culinary and social experiences for both residents and visitors.

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Commenting on the launch, Manuj Sawhney, General Manager, Hyatt Centric Hebbal Bengaluru, said:

“We are incredibly excited to reveal Oohmami to Bengaluru. This has been a deeply collaborative journey, with our teams thoughtfully curating every detail, from the design language and interiors to the culinary and beverage experiences to create a destination that feels distinctive, welcoming and relevant to a wide range of occasions. As we open our doors, we are excited to invite the city to TURN UP THE HEAT with us.”

The menu features a range of contemporary Pan-Asian dishes, including Cream Cheese Dim Sum, Seoul Spicy Prawn Ramyun, Bang On Shrimp, Tokyo Chicken Karaage, and Thai Galangal Dumpling Soup, showcasing a modern interpretation of Asian flavours.

Complementing the food is a thoughtfully curated beverage programme centred on contemporary cocktails, while live performances, curated music and immersive programming add to the rooftop venue's energetic atmosphere.

Launched on July 17, 2026, Oohmami is currently accepting reservations for dinner service, welcoming guests to experience a new rooftop dining destination where flavour, music and city views come together.


Jaypee Hotels Celebrates Mango Season with 'More Mango' Menu at The Boomerung Café

Jaypee Hotels Celebrates Mango Season with 'More Mango' Menu at The Boomerung Café

By Hariharan U

Published on July 21, 2026

Jaypee Hotels has introduced its exclusive seasonal 'More Mango' menu at The Boomerung Café, offering guests a refreshing culinary experience inspired by India's favourite summer fruit.

Curated by Executive Chef Harsha Pal Singh, the limited-period menu brings together fresh seasonal mangoes, premium ingredients, and contemporary culinary techniques to showcase the versatility of the king of fruits across beverages, appetisers, salads, and desserts.

Designed to celebrate the vibrant flavours of the season, the specially crafted menu combines traditional favourites with innovative creations, highlighting the natural sweetness of ripe mangoes while pairing them with complementary ingredients that enhance every dish.

The beverage selection includes refreshing classics such as Aam Panna, Mango Shake, and Mango Lassi, all prepared using handpicked seasonal mangoes. Guests can also enjoy a variety of light and flavourful starters including Mango Salsa with Nachos, Mango Avocado Salad, and Chicken Mango Salad, offering a refreshing balance of fresh produce, herbs, and vibrant dressings.

The culinary experience concludes with indulgent desserts such as Cut Mango with Ice Cream and the traditional Mango Shrikhand, bringing together classic Indian flavours with the richness of seasonal mangoes.

Commenting on the launch, Executive Chef Harsha Pal Singh said that mango is much more than a seasonal fruit, representing nostalgia, celebration, and togetherness. He added that the "More Mango" menu has been designed to honour this beloved ingredient while presenting it through fresh and contemporary culinary interpretations that create memorable dining experiences.

The introduction of the seasonal menu reflects Jaypee Hotels' continued focus on creating innovative dining experiences centred around fresh, locally inspired ingredients. By blending authentic Indian flavours with modern culinary craftsmanship, The Boomerung Café continues to offer guests unique gastronomic experiences throughout the year.

Available for a limited period, the "More Mango" menu invites families, food enthusiasts, and mango lovers to savour the flavours of the season while experiencing Jaypee Hotels' signature hospitality.


Dhaba Estd. 1986 Expands North India Presence with New Kanpur Restaurant

Dhaba Estd. 1986 Expands North India Presence with New Kanpur Restaurant

By Hariharan U

Published on July 21, 2026

Azure Hospitality has strengthened the expansion of its flagship North Indian restaurant brand, Dhaba Estd. 1986, with the successful launch of a new outlet in Civil Lines, Kanpur, marking another milestone in the brand's North India growth strategy.

Since opening, the restaurant has received an encouraging response from diners, reinforcing the brand's growing popularity and presence in the region.

Inspired by the timeless charm of India's traditional roadside dhabas, the new restaurant serves Dhaba Estd. 1986's signature menu featuring favourites such as Dal Dhaba, slow-cooked Balti Meat, Galouti Kebabs, robust tandoor specialities, handcrafted Indian breads, and an extensive selection of regional North Indian dishes. Guests can also enjoy the brand's recently introduced Desi Chinese menu, which blends nostalgic Indo-Chinese flavours with authentic recipes and consistent quality.

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The Kanpur restaurant was launched under the leadership of Chef Kartik, Regional Brand Chef – Dhaba Estd. 1986, who led the entire pre-opening process. His responsibilities included kitchen planning, menu execution, recipe standardisation, chef recruitment and training, equipment planning, operational readiness, and ensuring the outlet opened in line with the brand's culinary standards.

Commenting on the launch, Chef Kartik said the response from Kanpur diners has been extremely encouraging since opening. He noted that the vision was to create a restaurant that remains true to the spirit of India's legendary dhabas while delivering the consistency and quality expected from a contemporary hospitality brand.

He added that signature dishes such as Dal Dhaba, Balti Meat, and Galouti Kebabs continue to be guest favourites, while the newly introduced Desi Chinese range has also received an excellent response, reflecting the brand's philosophy of preserving traditional flavours while introducing thoughtful innovation.

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With over 15 years of culinary experience, Chef Kartik has played a significant role in the expansion of Dhaba Estd. 1986, leading menu innovation, recipe standardisation, restaurant openings, and culinary training across the brand. His emphasis on operational excellence and authentic North Indian cuisine has helped maintain consistency across every outlet.

The Kanpur launch marks another step in Azure Hospitality's expansion plans for Dhaba Estd. 1986. By combining traditional recipes, regional flavours, and contemporary dining experiences, the brand continues to strengthen its position in India's casual dining sector while introducing the essence of the country's iconic dhaba culture to a wider audience.

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