New Delhi, May 17 -- Alcoholic beverage (alcobev) manufacturers in the country will see revenue grow 8-10 per cent to Rs 5.3 lakh crore in fiscal 2026, keeping up momentum after a compound annual growth rate (CAGR) of 13 per cent over the three preceding fiscals, according to a report by market intelligence firm Crisil Ratings.

The market intelligence agency further added in the report that the operating profitability will increase 60-80 basis points (bps), supported by continuing premiumization.

Consequently, credit profiles will remain strong, driven by healthy accruals, deleveraged balance sheets, and absence of large debt-funded capital expenditure (capex), the report added.

The industry is dominated by spirits, which contribute 65...