Maharashtra Excise Duty Hike: Winners and Losers in Liquor Market

  Published 1 year 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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