Indian alcoholic beverages to have up to 10% revenue growth in FY25: ICRA

India's alcoholic beverages companies are expected to see 8-10% revenue growth this financial year. This will be supported by increased spirit consumption and premiumisation. Some state governments have granted price hikes, aiding revenue for FY2025. Operating profit margins are predicted to remain stable. Capex will slow down as key players have already expanded capacities.