India. ‘Panic buying’ lifts Tasmac sales

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In the days preceding the elections, outlets of Tamil Nadu State Marketing Corporation Ltd (Tasmac) witnessed ‘panic buying’ across all regions in the State on fears of imminent prohibition. (more…)

India. United Breweries looks to grow 5-6% in FY17

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Though margins are under pressure, this is just an aberration for United Breweries Limited, said Shekhar Ramamurthy, MD of the company. He is of the view that pressure in barley prices may continue to exist going forward. (more…)

India. Liquor stocks slide on likely ban in Tamil Nadu

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Shares of two liquor makers, United SpiritsBSE -1.56 % and United Breweries , fell on Wednesday as investors became jittery ahead of Tamil Nadu election results. The expectation that DMK will come to power in the State made investors nervous as the party has promised a complete ban on alcohol in its election manifesto. (more…)

India. United Breweries: Q4 numbers to be impressive

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United Breweries Ltd, one of the leading distilleries in India, will announce its financial results on May 13 for the fourth quarter ended March 31, 2016.

IIFL estimates that the company’s net profit is expected to surge to Rs. 73 crore, at a rate of 52.1% yoy and 1.4% qoq. (more…)

India. Heavy rush at Tasmac outlets

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Crowds at a Tasmac outlet ahead of dry days is not something uncommon.

“This time, however, there is a lot of talk among our customers about what will happen after the elections,” said a salesperson at a Tasmac outlet in Adyar. (more…)