Bacardi launches India- made whisky | Mint
Active Stocks
Tue Feb 27 2024 15:57:55
  1. State Bank Of India share price
  2. 749.70 -1.23%
  1. Tata Steel share price
  2. 144.15 1.09%
  1. Power Grid Corporation Of India share price
  2. 292.50 1.65%
  1. Sun Pharmaceutical Industries share price
  2. 1,579.10 1.42%
  1. ITC share price
  2. 411.15 0.48%
Business News/ Companies / News/  Bacardi launches India- made whisky
BackBack

Bacardi launches India- made whisky

Bacardi has launched its product in Maharashtra, Telangana and Uttar Pradesh, with plans to expand to other states in the coming months.

Legacy is the company’s first-ever made-in-India whisky.Premium
Legacy is the company’s first-ever made-in-India whisky.

Bacardi India has announced its foray into the Indian-made whisky segment with the launch of ‘Legacy’. This is the alco-bev company’s first-ever made-in-India whisky. The company said it has launched its product in Maharashtra, Telangana and Uttar Pradesh, with plans to expand to other states in the coming months.The company said it is a premium whisky with Indian and Scottish malts and Indian grains.

Sanjit Singh Randhawa, the company’s MD for India said, “Consumers are at the heart of everything we do and in line with this, we continue to focus on innovating our offerings to best serve them. We aim to win big in the high-growth Indian-made whisky category as well. India presents an exciting growth opportunity for us, as it is the number one market globally for whisky, and our first-ever ‘made-in-India’ whisky, will enable us to scale operations nationally as we continue to grow the brand manifold by the end of this decade." It had also launched Good Man brandy earlier this year.

Ayaesha Gooptu, category head of domestic browns for the company in India added that there is a behavioural shift amongst new-age consumers and the lack of premium options as the reason for the brand to foray into the segment.She said “With its distinctively Indian taste and positioning, our newest innovation will aid our efforts in enhancing our diverse portfolio of offerings. Catering to a large audience of whisky lovers in the country. It aims to connect with consumers who are trying to ‘build their own legacy, in their own way’, and that’s what the brand will stand for."

India is a fastest-growing alcoholic beverage market with an estimated market size of $52.5 billion in 2020. The market is expected to grow at a CAGR of 6.8% between 2020 and 2023, according to think-tank ICRIER.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Varuni Khosla
Varuni Khosla is a journalist with close to 14 years of experience in writing business news stories for mainstream newspaper companies like Mint and The Economic Times. She reports and writes on luxury and lifestyle brands, hospitality and tourism news, the business of sports, the business of advertising and marketing and alcohol brands.
Catch all the Corporate news and Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 28 Oct 2022, 01:42 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App