70% Tax on Alcohol? The Truth About India's Liquor Industry!

28/02/2025 1h 16min Temporada 1 Episodio 45

Listen "70% Tax on Alcohol? The Truth About India's Liquor Industry!"

Episode Synopsis

In this episode of Expert Talk with Bhavya Desai, we sit down with Bacardi India’s Managing Director, Vinay Golikeri to decode the evolving alcohol landscape in India.From the younger generation shaping drinking trends to the rise of cocktail culture and Asia’s dominance in the global bar scene, we explore it all. Plus, did you know that nearly 60% of what you pay for liquor goes to taxes? With intense competition and a highly regulated market, what does the future hold for alcohol brands in India?Watch now to uncover the untapped opportunities and challenges in the Alcobev industry!📢 Don’t forget to Like, Comment, and Share this video! Your engagement helps us bring more such content.✅ Subscribe to Expert Talk with Bhavya Desai for more updates on our political series and hit the bell icon to stay notified about our latest episodes.This podcast was shot on Sony A7 IV and FE 50mm F1.8 📷Timestamps:00:00 - what's coming up? 01:00 - About Vinay Golikeri02:00 - Bhavya x Vinay starts02:10 - Bacardi’s 27 year long journey 03:00 - Alcobev opportunities in India06:00 - Bacardi's position in the market? 08:20 - Runway/trend for premium spirit09:40 - Difference between premium vs non premium product12:10 - Is it hard to do business in India?13:10 - A single policy for India possible?14:30 - How does a product hit the market?18:10 - what Net profit that a company makes? 21:30 - Is Alcobev profitable? 23:18 - How is the Indian market different from global? 25:20 - How have vinay roles evolved 29:00 - Key learnings so far for Vinay31:00 - What does a bacardi MD do?34:00 - Bacardi's Indian CEO, India story35:40 - Near and long term objective 37:20 - Bacardi's experiences resonate with consumers40:00 - How does Bacardi create an experience?47:40 - Sipping Tequila made Agave popular 48:40 - Whiskey made in India, by India, for India51:40 - Vinay's favourite Bacardi product 52:40 - Can Indian products be exported?54:50 - Bacardi's market share56:30 - Why does a brand create variants59:20 - Are new consumers attracted to cocktails first?01:02:00 - Consumer preference between Tier 1 & 2 cities01:04:40 - Bacardi's most popular product01:06:00 - Breezer has 90%+ market share01:09:30 - Low calories no alcohol categories01:14:00 - Final wordsConnect with us: [email protected]📢Follow us on Social Media:Instagram: https://www.instagram.com/experttalkwithbhavyadesai/X: https://www.twitter.com/ETwithBhavyaD/Facebook: https://www.facebook.com/experttalkwithbhavyadesai/LinkedIn: https://www.linkedin.com/in/experttalkwithbhavyadesai/📢Follow Bhavya Desai: Instagram: https://www.instagram.com/bhavya_desai/X: https://twitter.com/bhavya_desai/Facebook: https://www.facebook.com/bhavya.desai.520/LinkedIn: https://www.linkedin.com/in/bhavya-desai-058652149/📢 Follow Vinay Golikeri:Instagram: https://www.instagram.com/vgolikeri/Facebook: https://www.facebook.com/vinay.golikeri.3/X: https://x.com/vgolikeriLinkedIn: https://www.linkedin.com/in/vgolikeri/▶ About Expert Talk with Bhavya Desai - "Expert Talk with Bhavya Desai" is a podcast channel where curiosity meets expertise! and our host Bhavya Desai, a curious and enthusiastic podcaster, talks to different experts and brings out the best in his guests, ensuring that every episode is packed with valuable takeaways. This show aims to connect people who love learning with professionals who have a lot of knowledge and experience.

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