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  3. Bira 91’s brewery output allegedly nosedives after Andhra exit; company…

Bira 91’s brewery output allegedly nosedives after Andhra exit; company claims pivot to asset-light model

11 Jul 2025

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Key Takeaways

Bira 91 allegedly shut its largest Andhra facility over excise dues, slashing output and revenue, amid financial losses, despite recent $25 million funding and shift to asset-light operations.

Bira 91 allegedly shut its largest Andhra facility over excise dues, slashing output and revenue, amid financial losses, despite recent $25 million funding and shift to asset-light operations.

BIRA 91 Unlisted Shares

B9 Beverages (BIRA 91)

-3.38%

Expert Analysis

Bira 91 Shuts Andhra Unit, Output Allegedly Falls Sharply Amid Excise Dispute and Revenue Decline.

Expert Analysis :

  • Production Shutdown: Bira 91 shut down its Andhra Pradesh facility in March due to allegedly excise defaults, cutting monthly output from 22 lakh to 10,000–20,000 cases.

  • Loss of Key Facility: The Andhra unit, producing 7 lakh cases/month (25–30% of total output), was vacated, and the contract was terminated.

  • Previous Production Capacity: According to sources, Bira 91’s total capacity was 22 lakh cases/month, with Andhra Pradesh and Mysuru at 7 lakh each, Nagpur at 3 lakh, and Madhya Pradesh at 4 lakh.

  • Excise Dues Led Shutdown: Andhra unit shut in March over unpaid excise dues; company denies promoter involvement in tax clearance, indicating operational and financial strain.

  • Excise Compliance in Andhra: Andhra Pradesh’s strict excise norms hold both license holders and operators jointly liable for timely duty payments in sub-leased breweries.

  • UP Market Re-entry: The company announced its return to Uttar Pradesh with an in-state manufacturing partner and a Rs 200 crore+ brewery investment.

  • Funding History and Valuation: Bira 91 has raised over $495 million via 16 equity and 4 debt rounds; the latest $25 million Series D in March 2024 valued it at over $523 million.

  • Revenue Decline and Losses: Bira 91’s net revenue fell from ₹434 crore in FY24 to ₹357 crore in FY25, with EBITDA at a negative ₹255 crore.

Publisher:Business line