Karnataka, a top high-tax alcohol market, plans to scrap government price controls and move to strength-based excise taxation from April 2026. The shift would let liquor firms set prices and replace tax slabs with a strength-linked structure, potentially altering margins and consumer prices. The move comes as premium liquor demand continues to lift results for players like United Spirits.
Diageo’s plan to fully exit RCB is being compared with India Cements’ slower CSK demerger approach, as both moves shape how much value shareholders ultimately capture. With RCB reportedly valued at about USD 2 billion, investors are watching whether United Spirits’ strategy will mirror the “stake-for-shareholders” playbook or follow Diageo’s faster exit logic.
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