Maharashtra Excise Duty Hike: Winners and Losers in Liquor Market

  Published 10 months ago

Maharashtra hikes excise duties on IMFL, country liquor, and premium brands, but spares beer, wine, and local MML, boosting stocks of exempt producers.

  • IMFL retail prices may surge 60%, country liquor 14%, premium liquor 25%, post-tax hike.
  • Beer, wine, and Maharashtra, made liquor exempt, benefiting Sula Vineyards and GM Breweries.
  • GM Breweries leads in country liquor; Sula Vineyards specializes in premium wines.
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