Bira 91 reports revenue growth, expands portfolio amid rising costs

Bira 9 reports revenue growth and expands its portfolio amid rising costs.

Expert Analysis:

• The company’s total revenue, including other income, was ₹848.7 crore ($114 million).

• Bira 9, India’s fourth-largest beer company, reported a 15% rise in operating revenue for FY23, reaching ₹824.3 crores ($111 million).

• The firm’s net loss expanded by 12% due to higher excise duty, procurement costs, and employee expenses; EBITDA margin showed improvements.

• Competitor Proost secured ₹25 crore ($3.4 million) in pre-Series A funding, indicating an increasingly competitive landscape in India’s beer market.