date:Feb 05, 2013
Beam Inc's misconduct review in India has damaged sales more than expected and looks set to hamper growth for most of the year, an analyst has claimed.
The US spirits maker has been forced to ramp down sales to India in the wake of allegations of financial impropriety, analyst CLSA said today (4 February). The ongoing investigation will be a headwind at least until the third quarter of the calendar year, CLSA said.
In October, The Times of India reported allegations of possible violations of t