Amar Sinha, chief working officer at Radico Khaitan, will step down from the corporate, ending an virtually decade-long stint on the spirits maker.
Mint reached out to Sinha, who confirmed the event.
Sinha’s departure comes after a interval throughout which Radico sharpened its give attention to premium manufacturers and marketing-led progress, shifting away from its earlier volume-first strategy. When Sinha joined the corporate, India’s alco-beverage market was pushed largely by scale and distribution.
Radico Khaitan is amongst India’s largest native alco-beverage corporations, with a market capitalization of over ₹37,075 crore (as of 12 February) and a portfolio spanning mass and premium spirits. Over the previous few years, the corporate has more and more targeted on higher-value manufacturers as a part of a broader premiumization push. The corporate repositioned itself in the direction of higher-value choices, with premiumization turning into central to its technique.
Sinha mentioned he’ll share particulars of his subsequent skilled transfer in the end and is at the moment evaluating alternatives.
“Within the subsequent few days, I will likely be taking a choice as to what my subsequent steps will likely be,” he mentioned.