- $10 bn y-o-y growth in global retail sale of single malt whisky
- ₹96 lakh VBev's profit after tax in FY22 from a ₹1.8 cr loss in FY21
Global sales of single malt whisky have gained traction every year, eventually surpassing the milestone of $10 billion in retail sales. While some spirit categories have not been as fortunate, UK’s Whyte & Mackay, known for brands like The Dalmore and Jura single malt whisky, has strategically placed India as its most significant market, after the US and China, since its entry in 2018.
"The opportunity is imminent now. India is a young market with a low average drinking age. We launched here in 2018, and far surpassed our pre-covid numbers. We saw a compound annual growth rate (CAGR) of 35% in our sales for the past three years. The Gen Z legal drinking age combined with millennials is a bigger possibility than markets like the US," Mike Southgate, director of developing markets (India, Australia, New Zealand, Africa, Middle East & CIS countries) for the company, said in an interview.
この記事は Mint Mumbai の July 27, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Mint Mumbai の July 27, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
India in economic sweet spot, inflation to moderate: Moody's
India's economy is in a sweet spot and its inflation is expected to moderate despite a temporary spurt, Moody's said, projecting optimism about the country's growth prospects despite recent underwhelming data.
Incentive engine to drive modern ships
Subsidies for green, high-tech ships under ₹18,000 cr policy
Cement firms wage war on costs as competition soars
India's cement makers who once flexed their pricing muscles are caught in a bruising price war, eroding margins at a time of rising demand.
Saudi Arabia doesn’t have enough money for its futuristic city
The giant futuristic planned city of Neom is proving a headache for Saudi Arabia. Costs are up, schedules are delayed, and in recent days the world’s largest construction project replaced its chief executive of six years.
EV adoption is a marathon, not a sprint: Audi India
The slowdown in electric vehicle (EV) sales is temporary, and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies.
India's trade gap with China soars in Apr-Oct
The country's green transition increases reliance on Chinese imports
14 nations eye India's generic drug model
Countries will specify their requirements, with HLL and MEA coordinating with them for the pharma exports
India urges $1.3 tn annual climate grant
Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.
Over 600 mn cyberattacks daily, AI can secure devices
Microsoft is developing a password-free authentication process to eliminate the risk of breaches
Small businesses ramping up cybersecurity, thanks to AI
Rising AI adoption is helping cybersecurity providers hike their marketable base in India