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BIRA EARNINGS
'I am willing to step down for company's sake': B9 Beverages' Ankur JainBira 91 founder Ankur Jain is addressing investor concerns over financial losses. He highlights the company's strong brand and past growth,...- Bira 91 founder pitches asset sale as beer maker struggles to pay salariesFacing mounting financial pressures, Ankur Jain, the founder of B9 Beverages, has pitched an asset sale to pay employee salaries, a move in...
- Tilaknagar Industries, SNJ Sugars among over a dozen liquor firms named in Andhra Pradesh liquor scamTilaknagar Industries and Bira maker B9 Beverages have been named in a chargesheet by Andhra Pradesh Police for alleged kickbacks and irreg...
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- A name change takes the fizz out of Bira's earningsB9 Beverages, owner of Bira beer, faced a challenging FY24 with sales dropping by over 20% and losses increasing by 68% due to regulatory c...
- Liquor sales expected to surge beyond Diwali 2024 in key statesLiquor sales surged in October fueled by festive occasions and gifting trends, with states like West Bengal, Delhi, and Telangana reporting...
- Hopeful of more guests, dine-out chains set festive table"We are hopeful of recovery in demand in the October-December quarter after six months, when macro events such as the severe heatwave and t...
- This Indian craft beer maker is betting on a $70 million beer factory to take on global brewsB9 Beverages Ltd, supported by Kirin Holdings, aims to surpass global beer brands by building India’s largest beer factory for $70 million....
- Bira91 maker brews plans to tap capital market in 2026The development comes amid supply shortages of Bira91 over the past few quarters across some of India's largest spirits markets including D...
- Restaurants face the heat in summer of '24, business drops by up to 40 per centTemperatures in and around Delhi have hit all time highs this summer. On May 29, the day's maximum temperature of 46.8 degrees Celsius, rec...
- ICC may earn up to $150 million in World Cup sponsorship feeThe world cricket governing body has 20 sponsors and partners for ICC World Cup 2023. It has six global partners that are paying $8-10 mill...
- ICC net surplus down 36 per cent in 2022, revenue also declinesThe International Cricket Council (ICC) has seen a 36% drop in net surplus for the fiscal year ending December 31, 2022, with revenue falli...
- The reason why beer, soft drink companies are getting so eager for summerThe Rs 20,000 crore-plus packaged soft drinks sector, which relies heavily on the March-June season for business, also expects a healthy co...
- Medusa Beverages diversifies into fashion retail to engage with customers beyond beerThis is not the first time a beer maker has diversified into fashion apparel to build its brand in a market where liquor advertising is ban...
- Stocks in the news: TCS, Bharti Airtel, SBI, Gayatri Projects, Ashok LeylandHere are a few stocks which may buzz the most in today's trade.
- Waah Taj! IHCL hotels may serve craft beerThe plan, conceptualised by AB InBev’s innovation and investment group ZX Ventures, is to open about 15 outlets at Taj's marquee locations ...
- Coming soon to a pub near you: A draught of fresh beerBrewers such as UB, AB InBev, Bira91 and Simba pouring draught beer versions of their brands.
- PayU India’s Jitendra Gupta steps downPallav Jain, country head of PayU Finance, which was formerly known as LazyPay, is expected to take over from Gupta.
- FSSAI restricts yeast count in beer, microbreweries hit across the countryMicrobrewery owners are unhappy that they have not been given a separate category in the notification.
- We will take on Bira with craft beers by end of the year: Shekhar Ramamurthy, United Breweries“As long as the industry grows and there are no regulatory headwind, expect similar growth going forward.”
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