Indian spirit consumption saw a year-on-year rise in the September quarter. However, sequential growth slowed due to increased taxes and lower demand for budget brands. Premium spirits are performing well as affluent consumers trade up. States like Maharashtra saw significant volume drops after excise duty hikes. The industry expects a price adjustment period for consumers. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/affluent-consumers-keep-liquor-companies-spirits-high/125427145
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