Policy support, volume growth: What’s cheering up liquor stocks?

Web Exclusive

The change in the fee structure and the new tax policy for fiscal year 23 are expected to lead to the long-awaited relief of the alcoholic beverage industry. However, analysts believe that the high prices of barley act as a spoiler.

Threads
alcohol | Beverage Companies | buzz arrow


Lovesha Darad |
New Delhi

Alcohol stocks were in high demand in fiscal year 2021-2022 (FY22) despite the turmoil led by Covid-19. Globus Spirits has led the spirits group, providing more than 350 percent of revenue during the period.

Among other stocks, prices of Som Distilleries rose 58.29 percent, Globes Spirits rose 13.34 percent, IFB Agricultural Industries rose 6.32 percent, and United Spirits rose 0.93 percent. By comparison, the S&P BSE Sensex is up 2.46 percent while the S&P BSE 500 is up 1.05 percent this year. Going forward, analysts expect a recovery in economic activity and the imminence of normalization…




monthly star

digital business standard


Business monthly digital subscription

Full access to premium product

Convenient – pay as you go

Pay with Amex / Master / VISA credit cards and VISA debit cards only

Auto-renew (subject to your card issuer’s permission)

Cancel at any time in the future

Requires personal information

What did you get?

On the business index

  • Unlimited access to all content on any device through your browser or app.
  • Exclusive content, features, opinions and reviews – handpicked by our editors, just for you.
  • Choose 5 of your favorite companies. Get daily email with all news updates on it.
  • Track your industry of choice with a daily industry-specific newsletter.
  • Stay on top of your investments. Keep track of stock prices in your portfolio.
  • 18 years of archival data.

Note :

  • The product is a monthly automatic renewal product.
  • Cancellation Policy: You can cancel at any time in the future without giving any reasons, but 48 hours before your card is charged for renewal. We do not offer any refunds.
  • To cancel, contact from your registered email id and send the email with cancellation request to [email protected] Include your contact number for quick action. Requests mailed to any other identifier will not be acknowledged or acted upon.

Smart Annual

digital business standard
Subscribe now and get 12 months free


Business Standard Premium Digital – 12 months + 12 months free

Sign up for 12 months and get 12 months free.

One seamless subscription to Business Standard Digital

Convenient – Pay once a year

Pay with a tool of your choice – all credit and debit cards, net banking, payment wallets, and UPI

Exclusive invitation to select Business Standard events

What did you get

On the business index

  • Unlimited access to all content on any device through a browser or app.
  • Exclusive content, features, opinions and reviews – handpicked by our editors, just for you.
  • Choose 5 of your favorite companies. Get daily email with all news updates on it.
  • Track your industry of choice with a daily industry-specific newsletter.
  • Stay on top of your investments. Keep track of stock prices in your portfolio.

Note :

  • The monthly term product is an automatic renewal product. Once you subscribe, we will charge your Card/Payment Instrument every month automatically and renew your subscription, subject to your card issuer’s permission.
  • In the annual term product, we offer an auto-renew based product and a non-auto-renew based product.
  • We do not respond.
  • No Questions Asked Cancellation Policy.
  • You can cancel future renewals at any time including immediately upon subscription but 48 hours before the next renewal date.
  • Subject to the above, you can self-cancel by visiting the Manage My Account section after logging in or sending an email request to [email protected] from your registered email address and by mentioning your mobile phone number.


Dear Reader,

Business Standard has always strived to provide the latest information and commentary on developments that matter to you and that have broader political and economic implications for the country and the world. Your continued encouragement and feedback on how we can improve our offerings has made our resolve and commitment to these ideals even stronger. Even during these challenging times brought about by Covid-19, we continue our commitment to keeping you updated with trusted news, authoritative opinions and insightful commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more, so we can continue to bring you more quality content. Our subscription form has seen an encouraging response from many of you, who have subscribed to our content online. Further subscribing to our online content can only help us achieve our goals of providing better and more relevant content. We believe in free, fair and credible journalism. Your support with more subscriptions can help us practice the journalism we are committed to.

Support quality press and Subscribe to Business Standard.

digital publisher

First Published: Tuesday, 05 April 2022. 09:51 IST

Leave a Reply

Your email address will not be published. Required fields are marked *