Mumbai, March 6 -- Among the gainers, Som Distilleries and Breweries rose 4.46%, United Spirits climbed 5.12%, Allied Blenders and Distillers advanced 6.01%, Tilaknagar Industries gained 6.75%, United Breweries added 6.84% and Radico Khaitan jumped 7.45%.
While presenting the state Budget for 2026, Chief Minister Siddaramaiah proposed replacing the existing taxation framework-where liquor was taxed based on global benchmarks-with a system that taxes beverages according to their actual alcohol content. The transition to the alcohol-in-beverage (AIB) based structure will be implemented in phases over the next three to four years, with the revised framework scheduled to take effect from April 2026.
The government also announced that it wil...