Sensex

up-green-arrow

Nifty

up-green-arrow

USDINR

down-red-arrow

GBPINR

down-red-arrow

EURINR

down-red-arrow

Hot Pursuit

Scrips, which has significant changes during the market hours.

 
Liquor stocks rally after Karnataka revamps excise policy
06-Mar-26 15:07Hrs IST

Among the gainers, Som Distilleries and Breweries rose 4.46%, United Spirits climbed 5.12%, Allied Blenders and Distillers advanced 6.01%, Tilaknagar Industries gained 6.75%, United Breweries added 6.84% and Radico Khaitan jumped 7.45%.

While presenting the state Budget for 2026, Chief Minister Siddaramaiah proposed replacing the existing taxation framework'where liquor was taxed based on global benchmarks'with a system that taxes beverages according to their actual alcohol content. The transition to the alcohol-in-beverage (AIB) based structure will be implemented in phases over the next three to four years, with the revised framework scheduled to take effect from April 2026.

The government also announced that it will discontinue setting liquor prices, effectively deregulating the pricing system. Under the new policy, manufacturers will be allowed to determine prices based on market competition, marking a significant change from the earlier regime where government approval was required for pricing.

Analysts said the reforms are positive for the sector as the removal of slab-based pricing controls and greater pricing flexibility could improve growth prospects for liquor companies operating in the state.

Powered by Capital Market - Live News

Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

"Contents which are exclusively for Non-Broking Products/Services, "Mutual Fund, Mutual Fund-SIP, Research reports, Insurance, etc. where the Member is just a distributor. These are not Exchange traded product and the Member is just acting as distributor. It should also state that all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism."

A Muthoot M George Enterprise