In this episode of Expert Talk with Bhavya Desai, we sit down with Rakshit Jagadale, Managing Director of Amrut Distilleries to discuss Amrut’s journey in pioneering Indian Single Malts globally.

From Amrut’s first-ever whisky to how the Indian subcontinent’s climate plays a crucial role in aging alcohol. From Rakshit fascinating insights on what makes Indian whisky stand out, to his advise on launching your own alcohol brand, this podcast is for you. 

Tune in as we uncover the challenges, opportunities, and future of India’s Alcobev industry!

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Timestamps

00:00 - What’s upcoming

00:55 - About Amrut & Rakshit Jagdale

03:21 - Bhavya x Rakshit begins

05:28 - Amrut's Single Malt pivotal point

06:24 - First Brandy Blending

07:35 - Amrut's distillery far from the city center

09:15 - Rakshit's MBA journey

12:05 - Amrut launched at Glasgow

12:57 - Did Amrut ever sell in bulk?

13:54 - Broader vision/long term plan

15:59 - Continuing his father's legacy

16:38 - First batches of single malt arriving in New Castle

17:59 - Maturation period of first batch

19:08 - Amrut's best product

20:10 - Why Amrut Fusion is special

20:38 - Jim Murray giving Amrut 97/100

21:30 - Amrut's evolution since 1948

23:00 - Change in blending process

25:40 - Amrut’s Angel share

26:55 - Amrut loses more water than spirit

29:19 - Who is Amrut's consumer?

30:55 - Is releasing small batches a strategy?

32:54 - Will Amrut MAKE more alcohol?

34:00 - Is Amrut open to investment?

35:20 - Will Amrut look for an investor or partner?

36:30 - Thoughts about IPO

37:36 - International & national business %

38:15 - luxury products %

39:02 - Amrut’s range of products

40:03 - Amrut's "The Expedition" blend

41:19 - Allocation & price of The Expedition

41:59 - Highest selling areas for Amrut

42:55 - Turnover, net sales, projections, EBIDTA

44:44 - MRP, excise duties, etc

45:42 - Indian SMs more expensive than Scottish/American

47:58 - Japanese whiskeys

48:51 - Premium alcohol preferred by younger people

49:52 - How has Indian SM category evolved

51:41 - Increasing competition

52:21 - Will Amrut export in bulk again?

53:37 - Excise, pain points, scope of improvement

55:05 - Govt open to perspectives

55:58 - Amrut’s Unit Economics & tax

01:00:10 - Is alcobev profitable? Recommended?

01:00:32 - Investment into alcobev

01:02:53 - Products other than whiskey one can enter today

01:04:09 - 3 lessons learnt in the industry

01:05:02 - fondest memory with his father

01:05:40 - lessons learnt from his father

01:08:15 - What mark you'd like to leave on Amrut

01:09:16 - How important is family in a family business

01:10:30 - Future of this business

01:11:53 - Near term and long term objectives

01:12:32 - Final words

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▶ About Expert Talk with Bhavya Desai - "Expert Talk with Bhavya Desai" is a podcast channel where curiosity meets expertise! and our host Bhavya Desai, a curious and enthusiastic podcaster, talks to different experts and brings out the best in his guests, ensuring that every episode is packed with valuable takeaways.