Telangana government plans to slash beer prices

News: As per media sources, the Telangana government is planning to lower beer prices by Rs.20-30 per bottle and liquor prices by Rs.10. However, tin beer will not see any de-growth in prices.

Views: Telangana represents the biggest market for the beer sector, which saw a decline in its revenues, due to Covid cess on alcohol (17%). In view of the incoming beer season, the government is now taking steps to eliminate the cess and increase beer sales

Impact: Positive