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IFB Agro Industries’ alcohol business facing challenges due to excise duty hike

11 Jul 2023 Evaluate

IFB Agro Industries’ alcohol business is facing challenges due to a sharp hike in liquor prices due to a 30 per cent excise rise by the West Bengal Government, while the company's new fish feed manufacturing facility in Odisha will be operational from March 2024. Further, revenue from spirits, spirituous beverages and allied products in 2022-23 had slumped to Rs 932 crore, down from Rs 1,813 crore in the previous fiscal.

IFB Agro Industries is primarily engaged in the business of manufacturing alcohol, bottling of branded alcoholic beverages as well as processed marine foods both for domestic and export markets. 


IFB Agro Inds Share Price

864.65 3.20 (0.37%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
United Spirits 1303.00
United Breweries 1494.10
Radico Khaitan 3188.25
India Glycols 975.65
Allied Blenders 573.50
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