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India has fastest growth for Diageo

India topped global liquor giant Diageo’s growth markets in revenues stakes, the company’s financial numbers for the second half of 2008 show. Diageo India recorded a 42% rise in net sales and 18% growth in unit volumes for the six-month period.

On Thursday, Diageo unveiled India-specific numbers for the first time even though it was limited to suggesting the broad contours of the growth story. The LSE-listed company’s robust India numbers come at a time when it is locked in discussions to buy substantial stake in Vijay Mallya-led United Spirits, possibly leading to a merger of operations with the latter.

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Thursday, December 14, 8:40 pm

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