
India’s liquor industry is set for strong, sustained growth, led by the high-margin Prestige & Above (P&A) segment, which delivers 4–7 times higher profits than the mass market. While southern states currently dominate consumption, new regulations are opening opportunities in emerging markets like UP and MP. As per market research reports, over 100 million Indians will reach legal drinking age by 2030, which will further boost demand.
| Name | Market Cap (₹ Cr) | 5Y CAGR (%) | 6M Return (%) | 1M Return (%) | PE Ratio (x) | PB Ratio (x) |
| Tilaknagar Industries Ltd | 10280.61 | 93.24 | 59.53 | 6.84 | 44.78 | 11.65 |
| Radico Khaitan Ltd | 44207.7 | 48.94 | 31.81 | 9.03 | 127.91 | 16.05 |
| G M Breweries Ltd | 2717.64 | 32.06 | 75.21 | 62.18 | 21.06 | 2.9 |
| Globus Spirits Ltd | 3205.06 | 27.29 | 2.83 | 1.29 | 137.32 | 3.23 |
| IFB Agro Industries Ltd | 1051.32 | 25.27 | 110.31 | 40.65 | 47.06 | 1.73 |
Tilaknagar Industries has received approval from the Competition Commission of India to acquire the Imperial Blue business from Pernod Ricard India. The acquisition includes production, bottling, marketing, and sales of the brand, allowing Tilaknagar to expand its presence in the whisky segment.
To support this growth, the company has appointed Nishant Jain as President – Sales and created a new standalone sales division. With over 26 years of experience in the alcoholic beverages sector, Jain will lead nationwide sales and help strengthen Tilaknagar’s whisky portfolio, including the newly acquired Imperial Blue brand.
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Radico Khaitan is undergoing changes under its current leadership and is focusing on premium whisky and vodka. With over 60% share in the domestic vodka market, the company is performing well in higher-margin segments. Its main brands, Magic Moments Vodka and 8PM Black Whisky, continue to do better than many competitors.
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GM Breweries reported a strong Q2 performance, with EBITDA rising 61% to ₹448 million from ₹275 million year-over-year. Revenue increased to ₹7.2 billion from ₹5.9 billion, while EBITDA margin improved to 6.24% from 4.62%. Net profit grew to ₹349 million from ₹217 million in the same quarter last year, reflecting healthy operational performance.
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The launch of TERAI India Craft Vodka sets Globus Spirits apart from other companies. By introducing the world’s first vodka filtered through amethyst crystals, the company has stregnthened its high-end portfolio. This will help it to capture discerning urban consumers, enhance brand perception, and potentially drive higher margins.
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IFB Agro Industries is an Indian company engaged in the production and distribution of alcoholic beverages, including spirits and blended products. Known for its growing presence in the liquor market, the company has shown strong recent performance with rising sales and positive returns, making it a notable player in the mid-sized premium and mainstream spirits segment.
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Read more: GST 2.0: Small, Daily Use FMCG Items Like Biscuits and Shampoos to Get Bigger by Mid-November.
India’s liquor industry is poised for sustained growth due to rising consumption and expanding market opportunities. Companies like Tilaknagar, Radico, GM Breweries, Globus, and IFB Agro are taking strategic initiatives that position them well for the future. Investors can participate in this growth conveniently through a Demat account, ensuring easy access to trading and portfolio management.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Oct 24, 2025, 1:51 PM IST

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