Johnnie Walker, the largest Scotch whisky, was also helped by healthy growth in India and South Africa.
Kishore Chhabria and Vijay Mallya have called truce. What drove Mallya to the negotiating table? What does it mean for Chhabria?
There is more worry for Vijay Mallya, battling many a fire. Even as his Kingfisher Airlines struggles to hold itself, another of his major companies, United Spirits, has had a setback in its legal battle against his arch rival, Kishore Chhabria.
The Chhabria-promoted Rs 1,200 crore (Rs 12 billion) Allied Blenders & Distillers will launch two brandy brands in South India next month.
They'll have you grooving to their latest numbers.
McDowell's, the whisky brand owned by USL, sold 19.27 million nine-litre cases of Indian made foreign liquor whisky in 2012, compared to Officer's Choice whisky, owned by the Chhabria-led Allied Blenders & Distillers, which sold 18.55 million cases.
Almost 70 per cent of alcohol distribution in India happens through liquor vends or shops, while 30 per cent happens on-premise, that is, in bars, pubs, and hotels.
A phased roll-out of prohibition will hit revenues of companies, which get 5% of their volume sales from the state
The recovery was led by pharma majors led by Dr Reddy's Labs.
Asian markets were trading mixed with shares in China witnessing profit taking after sharp gains in the previous session.
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