Monthly Archives: January 2023

United Spirits Q3 Results: Profit slumps 64.4% QoQ hurt by soaring input costs

Indian alcoholic beverage maker  United Spirits Ltd NSE -5.90 % on Tuesday reported a 64.4% slump in quarterly profit, hurt by soaring input costs, falling sales and a one-time expense. The maker of Johnny Walker whiskey reported a profit of 1.11 billion rupees ($13.61 million) in the quarter ended Dec. 31, down from 3.11 billion rupees in the previous year. The

Read more

Inflation has sent drinkers toward cheaper beer or fancier booze

‘Above premium’ beer saw ‘slowest share gain in years’ in 2022, analysts say, as lower-income drinkers moved to cheaper suds and higher-income consumers looked to spirits or wine A divide between wealthy and not-as-wealthy alcohol consumers is hurting makers of premium beer, Cowen analysts said in a note on Wednesday. Inflation-drained lower-income drinkers are seeking cheaper beer and liquor —

Read more

How ancient seeds from the Fertile Crescent could help save us from climate change

TERBOL, Lebanon — Inside a large freezer room at the International Center for Agricultural Research in the Dry Areas, tens of thousands of seeds are stored at a constant temperature of minus-4 degrees Fahrenheit. After being threshed and cleaned, the seeds are placed inside small, sealed foil packets and stored on rows of heavy, sliding metal shelves. Some of them may hold

Read more
« Older Entries