UB Group eyes bigger pie in wine market
Four Seasons Wines Limited, the wine making arm of United Breweries Group, which currently enjoys second position in the country’s wine market,...
The liquor giant’s wine subsidiary is looking to increase marketshare from current 15% to over 40%
P Madhusudhan Reddy
Hyderabad: Four Seasons Wines Limited, the wine making arm of United Breweries Group, which currently enjoys second position in the country’s wine market, is looking to emerge as the market leader in this space. A recent entrant into the highly-competitive wine business, Four Seasons Wines climbed to the second slot with 15 per cent market share within a short span of four years. Currently, it has 11 products in its portfolio which includes nine varietal labels and two varieties of reserve wines.
“We are confident that Four Seasons Wines will emerge as the market leader in the foreseeable future. UB Group commands 40 per cent share in beer market and same share in spirits market. Our goal is to garner similar share in the wine market as well,” Abhay Kewadkar, Chief Wine Maker and Director, Four Seasons Wines Limited, told The Hans India. According to him, India consumes around 20 lakh cases of wine annually with year-on-year growth of 20 to 30 per cent. In value terms, the wine market is pegged at around Rs 1,000 crore.
“Our company is logging in more growth than the industry average. We expect to register an average annual growth of 40 per cent for next several years,” Kewadkar, a seasoned wine maker, said. Kewadkar, a seasoned wine maker, Four Seasons’ product range caters to every age group and every palate in the country. “Attitude towards wine is changing fast in the country as many people are being exposed to wine consumption culture in Europe. This is driving the growth of wine market in the country. We will launch new labels to tap the growing demand,” he stated.
In addition, the company which has a winery near Pune is also looking to promote wine tourism in a big way. “We have 14 rooms and a spa at our winery. People can come and see the process of wine making. This facility will open for tourists from January next year,” Kewadkar explained.
To promote wine in the country, Four Seasons Wines is organising a unique event named Gourmet Indulgence at 90 restaurants across six cities including Hyderabad. “Gourmet Indulgence will provide an opportunity to the wine aficionados to experiment with cuisines of the world paired with our wines,” he added.
16 Dec 2019 9:52 AM GMT