Top 10 Alcoholic Beverage Companies in India 2024

Alcoholic beverage companies play a significant role in the beverage industry. These companies produce and distribute various types of alcoholic drinks such as beer, wine, spirits, and cocktails. The alcoholic beverage industry is a highly regulated industry, with strict laws in place to ensure the safety and responsible consumption of alcohol.

The Indian alcoholic beverage industry is a significant contributor to the country's economy and plays a significant role in social and cultural life. The industry encompasses the production, distribution, and consumption of alcoholic beverages such as beer, wine, and spirits.

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Top Alcoholic Beverage Companies List by Market Capitalisation

India is one of the largest consumers of alcohol in the world, and the country has a vibrant alcohol industry. Here are the top 10 alcoholic beverage companies in India:

1. United Spirits Ltd

• Market Cap: ₹96,334.04 Cr.
• Sales (latest quarter): ₹2783 Cr.
• Net Profit (latest quarter): ₹241 Cr.
• Quarterly profit growth: 125.79 %
• Exchange: BSE, NSE
• Official Website: diageoindia.com

United Spirits Ltd, established in 1826, is one of India's oldest and largest alcoholic beverage companies. Originally known as McDowell and Company, it has grown through mergers and acquisitions to become a part of the global spirits giant, Diageo, in 2013. This strategic partnership has bolstered its market presence and operational efficiency. In the current market scenario, United Spirits dominates the Indian alcoholic beverage industry, holding a significant market share with a robust portfolio of popular brands. The company's product range includes a variety of spirits such as whisky, rum, vodka, gin, and brandy. Prominent brands under its umbrella include McDowell’s No.1, Royal Challenge, Antiquity, Signature, and Romanov, catering to a wide spectrum of consumers from mass-market to premium segments. United Spirits continues to innovate and expand its product offerings, emphasizing premiumization and leveraging Diageo’s global expertise in marketing and brand management. Despite challenges such as regulatory hurdles and competition, the company maintains a strong market position through strategic initiatives, brand loyalty, and an extensive distribution network across India and international markets.

2. United Breweries Ltd

• Market Cap: ₹56,925.31 Cr.
• Sales (latest quarter): ₹2133.38 Cr.
• Net Profit (latest quarter): ₹81.55 Cr.
• Quarterly profit growth: 727.73 %
• Exchange: BSE, NSE
• Official Website: unitedbreweries.com

United Breweries Ltd, founded in 1915 by Thomas Leishman, is a leading player in the Indian beer market and has grown into one of the largest brewing companies in the country. Historically known for its flagship brand Kingfisher, United Breweries has expanded its portfolio through strategic acquisitions and partnerships, including a significant stake acquired by Heineken, enhancing its global presence and operational capabilities. In the current market scenario, United Breweries dominates the Indian beer market with a substantial market share and a strong brand portfolio. The company's product range includes various beer types, such as lagers, ales, and stouts, with well-known brands like Kingfisher Premium, Kingfisher Strong, Heineken, and Amstel. United Breweries continues to innovate by introducing new variants and premium offerings to cater to evolving consumer preferences. Despite facing challenges such as regulatory changes and competition from both domestic and international players, the company maintains its leadership position through strong brand equity, extensive distribution network, and strategic marketing initiatives. United Breweries’ focus on quality, brand loyalty, and market expansion ensures its continued prominence in the rapidly growing Indian alcoholic beverage industry.

3. Radico Khaitan Ltd

• Market Cap: ₹22,607.23 Cr.
• Sales (latest quarter): ₹1078.68 Cr.
• Net Profit (latest quarter): ₹56.79 Cr.
• Quarterly profit growth: 52.42 %
• Exchange: BSE, NSE
• Official Website: radicokhaitan.com

Radico Khaitan Ltd, established in 1943 as Rampur Distillery & Chemical Company Ltd, is one of India’s oldest and largest liquor manufacturers. The company rebranded to Radico Khaitan in 1999 and has since grown significantly, becoming a key player in the Indian spirits industry. Historically rooted in distillation and manufacturing, Radico Khaitan has expanded its portfolio through strategic innovations and a focus on premiumization. In the current market scenario, Radico Khaitan is recognized for its diverse product range and strong market presence. The company offers a wide variety of spirits, including whisky, rum, brandy, vodka, and gin. Notable brands include Magic Moments vodka, Morpheus brandy, 8 PM whisky, and Rampur Indian Single Malt, catering to both mass-market and premium segments. Radico Khaitan continues to experience robust growth driven by strong brand equity, innovative marketing, and an extensive distribution network across India and international markets. The company is also focusing on expanding its premium product offerings to tap into the growing demand for high-quality spirits. Despite facing competition and regulatory challenges, Radico Khaitan remains a leading force in the Indian alcoholic beverage industry, committed to quality and customer satisfaction.

4. Piccadily Agro Industries Ltd

• Market Cap: ₹7,358.49 Cr.
• Sales (latest quarter): ₹268.89 Cr.
• Net Profit (latest quarter): ₹43.34 Cr.
• Quarterly profit growth: 818.22 %
• Exchange: BSE, NSE
• Official Website: picagro.com

Piccadily Agro Industries Ltd, founded in 1994, is a diversified Indian company primarily engaged in the production of alcoholic beverages and sugar. Initially focusing on sugar manufacturing, the company expanded its operations to include the production of spirits, establishing itself in the beverage industry. With its distillery located in the sugar-rich region of Haryana, Piccadily Agro leverages its access to high-quality raw materials to produce a range of alcoholic beverages. In the current market scenario, Piccadily Agro Industries Ltd has carved out a niche for itself in the competitive Indian liquor market. The company’s product range includes whisky, rum, vodka, and gin, catering to both the mass-market and premium segments. Notable brands under its portfolio include Golden Arms Whisky and Camron Vodka. Additionally, the company remains actively involved in sugar production, contributing to its diversified revenue streams. Piccadily Agro continues to focus on quality and innovation, investing in modern production techniques and expanding its distribution network to enhance market penetration. Despite facing challenges such as regulatory changes and intense competition, the company maintains a stable market presence through strategic growth initiatives and a commitment to delivering high-quality products to its consumers.

5. Tilaknagar Industries Ltd

• Market Cap: ₹5,490.22 Cr.
• Sales (latest quarter): ₹358.78 Cr.
• Net Profit (latest quarter): ₹31.45 Cr.
• Quarterly profit growth: 20.89 % 
• Exchange: BSE, NSE
• Official Website: tilind.com

Tilaknagar Industries Ltd, established in 1933 by the illustrious industrialist Dr. K. P. K. Menon, initially operated under the name Maharashtra Sugar Mills Ltd. Over time, the company diversified into the production of Indian Made Foreign Liquor (IMFL) and rebranded to its current name in 1973. With a rich legacy spanning several decades, Tilaknagar Industries has developed into a prominent player in the Indian alcoholic beverage market. In the current market scenario, the company is well-regarded for its extensive portfolio of spirits, including whisky, brandy, rum, gin, and vodka. Key brands such as Mansion House Brandy, Courrier Napoleon Brandy, and Madira Rum have established strong consumer loyalty and widespread recognition. Tilaknagar Industries focuses on innovation, quality, and expanding its premium offerings to cater to evolving consumer preferences. Despite facing challenges like market competition and regulatory pressures, the company maintains a robust market presence with a strategic emphasis on brand equity and distribution network enhancement. Tilaknagar Industries continues to leverage its historical expertise and market insights to drive growth, ensuring its position as a key player in India's dynamic alcoholic beverage industry.

6. Sula Vineyards Ltd

• Market Cap: ₹4,394.44 Cr.
• Sales (latest quarter): ₹117.49 Cr.
• Net Profit (latest quarter): ₹13.63 Cr.
• Quarterly profit growth: -17.64 % 
• Exchange: BSE, NSE
• Official Website: sulavineyards.com

Sula Vineyards Ltd, founded in 1999 by Rajeev Samant in Nashik, Maharashtra, is a pioneer in the Indian wine industry. Starting with a modest vineyard and a vision to bring world-class winemaking to India, Sula has grown into the country's largest and most recognized wine producer. Leveraging the favorable climate of the Nashik region, often referred to as the "Wine Capital of India," Sula has expanded its vineyards and production capabilities significantly. In the current market scenario, Sula Vineyards dominates the Indian wine market, with a market share of over 65%, and enjoys strong brand recognition both domestically and internationally. The company's product range includes a diverse array of wines such as red, white, rosé, sparkling, and dessert wines, catering to a wide spectrum of consumer preferences. Popular brands include Sula, Rasa, Dindori Reserve, and The Source, known for their quality and distinct flavors. Sula Vineyards also emphasizes sustainable viticulture and eco-friendly practices, enhancing its appeal among environmentally conscious consumers. The company's wine tourism initiatives, including vineyard tours and tasting sessions, have bolstered its brand visibility and consumer engagement. Despite increasing competition, Sula Vineyards continues to lead the market with its innovative products, strong distribution network, and commitment to quality.

7. India Glycols Ltd

• Market Cap: ₹2,659.46 Cr.
• Sales (latest quarter): ₹926.14 Cr.
• Net Profit (latest quarter): ₹42.21 Cr.
• Quarterly profit growth: 5.95 % 
• Exchange: BSE, NSE
• Official Website: indiaglycols.com

India Glycols Ltd, established in 1983, is a pioneering chemical company based in India that initially focused on manufacturing monoethylene glycol (MEG) from renewable agro-based sources. Founded by the Bhartia family, the company has grown significantly over the decades, expanding its product portfolio and diversifying its operations. In the current market scenario, India Glycols is recognized as a leading producer of green technology-based chemicals, offering a wide range of products across various industries. The company's product range includes glycols, ethoxylates, performance chemicals, glycol ethers and acetates, natural gums, spirits, industrial gases, and nutraceuticals. Known for its commitment to sustainability, India Glycols utilizes renewable resources and innovative processes to produce high-quality chemicals that cater to the textile, automotive, pharmaceutical, and personal care industries, among others. The company’s emphasis on environmentally friendly practices and technological advancements has strengthened its market position both domestically and internationally. Despite facing challenges such as fluctuating raw material prices and regulatory changes, India Glycols continues to maintain a competitive edge through its diversified product offerings, strong R&D capabilities, and focus on sustainable growth. The company's strategic initiatives and robust distribution network ensure its continued leadership in the chemical industry.

8. Som Distilleries & Breweries Ltd

• Market Cap: ₹2,441.57 Cr.
• Sales (latest quarter): ₹381.6 Cr.
• Net Profit (latest quarter): ₹19.99 Cr.
• Quarterly profit growth: 25.96 % 
• Exchange: BSE, NSE
• Official Website: somindia.com

Som Distilleries & Breweries Ltd, established in 1993, is a prominent player in the Indian alcoholic beverage industry. Founded by Mr. J.K. Arora, the company has grown from a regional distillery to one of the leading producers of beer and spirits in India. Located in Bhopal, Madhya Pradesh, Som Distilleries has built a strong reputation for quality and innovation in its product offerings. In the current market scenario, the company enjoys a significant market presence, with its flagship brands such as Hunter, Black Fort, and Woodpecker in the beer segment, and Milestone 100 whisky and Genius brandy in the spirits segment. The company's product range spans across beer, rum, whisky, brandy, and vodka, catering to diverse consumer preferences and price points. Som Distilleries & Breweries continues to expand its production capacity and distribution network to meet growing demand and increase market penetration. Despite facing intense competition and regulatory challenges, the company maintains a robust market position through strategic marketing, brand loyalty, and continuous innovation. Som Distilleries also focuses on sustainable practices and quality control, ensuring its products meet high standards and consumer expectations. The company's commitment to growth and excellence positions it as a key player in India's dynamic alcoholic beverage market.

9. Globus Spirits Ltd

• Market Cap: ₹2,356.82 Cr.
• Sales (latest quarter): ₹589.94 Cr.
• Net Profit (latest quarter): ₹0.08 Cr.
• Quarterly profit growth: 0 %
• Exchange: BSE, NSE
• Official Website: globusspirits.com

Globus Spirits Ltd, established in 1992, is a leading Indian spirits company known for its integrated business model encompassing manufacturing, branding, and distribution of a wide range of alcoholic beverages. Founded by Ajay Swarup, the company has grown steadily over the years, leveraging its expertise in distillation and extensive distribution network. In the current market scenario, Globus Spirits stand out with its dual focus on Indian Made Indian Liquor (IMIL) and Indian Made Foreign Liquor (IMFL), catering to both mass-market and premium segments. The company's product range includes whisky, rum, brandy, vodka, and gin, with notable brands like Nimboo, Heer Ranjha, and Samurai, known for their quality and affordability. Globus Spirits also engages in bulk alcohol production, supplying to other beverage companies and the pharmaceutical industry. The company’s emphasis on sustainable practices and high-quality production standards has strengthened its market position. Despite challenges such as regulatory complexities and intense competition, Globus Spirits maintains a robust market presence through continuous innovation, strategic expansions, and a strong distribution network. Its commitment to quality, coupled with strategic investments in brand building and infrastructure, ensures Globus Spirits remains a key player in the Indian spirits industry.

10. G M Breweries Ltd

• Market Cap: ₹1,469.15 Cr.
• Sales (latest quarter): ₹159.85 Cr.
• Net Profit (latest quarter): ₹86.64 Cr.
• Quarterly profit growth: 146.84 %
• Exchange: BSE, NSE
• Official Website: gmbreweries.com

G M Breweries Ltd, founded in 1981 by Jimmy William Almeida, is a notable player in the Indian alcoholic beverage industry, primarily focusing on the production and distribution of country liquor. Headquartered in Mumbai, the company has grown steadily by catering to the mass-market segment with its affordable and popular products. In the current market scenario, G M Breweries is recognized for its strong market presence in Maharashtra, where it commands a significant share of the country liquor market. The company’s product range includes a variety of country liquors such as GM Doctor, GM Santra, and GM Limbu Punch, known for their distinctive flavors and affordability. G M Breweries leverages its extensive distribution network and efficient production processes to maintain its competitive edge. Despite facing challenges like regulatory changes and competition from both local and international brands, the company continues to perform well due to its deep understanding of the market and consumer preferences. G M Breweries also focuses on maintaining high quality and safety standards in its production. The company's commitment to providing quality products at affordable prices ensures its continued relevance and strong market position in the Indian alcoholic beverage industry.

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Types of alcohol produced in India

India has a rich tradition of producing a wide range of alcoholic beverages. Beer is one of the most popular types of alcoholic beverages in the country. It is traditionally made by fermenting grain-based ingredients, such as barley, wheat, or rice. Beer production involves malting, mashing, boiling, and fermentation.

Wine production is another significant segment in the Indian alcoholic beverage industry. India is home to a vast variety of grape varietals that are used to produce a diverse range of wines. The winemaking process involves harvesting the grapes, crushing them, fermenting the juice, and aging the wine in oak barrels.

Spirits, commonly known as hard liquor, are another type of alcoholic beverage produced in India. They are typically made from fermented molasses or sugarcane juice, with distillation being a key process in their production. Popular spirits in India include whiskey, rum, and vodka.

Consumption of alcohol in India

The consumption of alcohol in India varies across regions, demographics, and cultures. Factors such as disposable income, urbanization, and cultural norms play a significant role in determining alcohol consumption patterns. The legal drinking age in India is 21 years old, although the enforcement of this law varies across states and Union Territories.

Regulations of the Indian alcoholic beverage industry

The Indian alcoholic beverage industry is regulated by various laws and regulations, including licensing, taxation, and restrictions on certain products. The legal framework aims to ensure the quality and safety of alcoholic beverages and promote responsible consumption.

One key aspect of the regulatory framework is the licensing system for alcohol production, distribution, and sales. Licenses are granted to manufacturers, sellers, and importers of alcohol, and they must adhere to specific regulations regarding the production process, labeling, and marketing.

Taxes and duties on alcoholic beverages are levied at both the central and state levels. These taxes are significant sources of revenue for the government and contribute to the regulation of the industry. The tax rates vary across different types of alcoholic beverages and states, and they are used to discourage excessive alcohol consumption and generate revenue for social welfare programs.

Some products, such as alcohol and tobacco products, are subject to prohibition in India. These prohibitions are imposed primarily based on religious and social considerations and aim to reduce the incidence of alcohol-related harm in society. However, these prohibitions are often challenged in court, leading to changes in the legal framework and exemptions for certain categories or regions.

Current Market Scenario

The alcoholic beverage industry in India is currently witnessing strong growth. Factors such as rising disposable incomes, changing lifestyle preferences, and increasing urbanization have contributed to the growth of the industry. With a growing middle-class population, there is a rising demand for premium and imported alcoholic beverages.

The alcoholic beverage market in India is highly fragmented with hundreds of small- and large-scale companies operating across the country. The major players in the industry include large multinational firms as well as local players. These companies offer a wide range of products, from traditional alcoholic beverages to craft beers, cocktails, and premium spirits.

Conclusion

In conclusion, the Indian alcoholic beverage industry is a dynamic and growing sector. The top ten companies listed in this article are at the forefront of this growth due to their strong brand presence, innovative marketing strategies, and commitment to customer satisfaction. As the market continues to evolve, these companies are likely to maintain their leading position and contribute significantly to the growth of the industry.