CCI conducts surprise raids on liquor giants Pernod, AB InBev in Hyderabad

Quick Summary:

Pernod Ricard holds a 16 per cent share in the spirits segment as of 2023, according to Euromonitor.

According to Statistica, India’s alcoholic beverage market in 023 was valued at $55 billion and is expected to rise at a compound annual growth rate (CAGR) of 7 per cent, reaching $73 billion by 2027.

Case papers also indicate claims of retailers in Telangana boycotting all beer brands except AB InBev’s, leading to a significant surge in its market share at the expense of competitors.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Liquor price manipulationmanipulation Pernod CCI action against liquor giants Hyderabad CCI raid CCI legal action against alcohol firms CCI raids liquor giants AB InBev Liquor raid in Hyderabad Market Liquor prices Cartel-like

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Article Type: News Report

Published On: 2024-12-19 @ 15:08:37 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 546 words

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Sentences: 24 lines

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Copyright Owner: © Business Standard

News ID: 24546851

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