Indian liquor stocks gain as southern state moves to end alcohol pricing controls

United Spirits

06/03/2026 08:21

** Indian liquor stocks jump between 1.9% and 5.4%

** Karnataka state plans to scrap government-administered price controls on alcoholic beverages from April 2026

** Diageo-owned DGE.L United Spirits UNSP.NS jumps 5.4%; Heineken's HEIN.AS United Breweries UBBW.NS rises 2.6%

** During budget, Chief Minister Siddaramaiah said state would shift to alcohol-in-beverage based duty structure

** State to allow producers to decide prices

** Karnataka among India's largest liquor-consuming markets

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))