Stock Screener (i-Lens)
- 04 Mar 2022
- ICICI Securities
-
Share
-
-
-
-
-
Bacardi forays into brandy, IMFL
News: As per Mint, Bacardi India announced its foray into the brandy and IMFL category with the launch of Good Man (premium Brandy). The company expects to grow the business five-fold by 2030.
Views: While the brandy category is growing at 3% in the country, the premium brandy category is growing at a much faster rate at 16%. Brandy is the second largest consumed spirit in India after whiskey. India is the top 10 priority markets for Bacardi worldwide.
Impact: Neutral