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Indian-made foreign liquor's sales may drop due to price hike
Financial Express Lucknow
|June 12, 2025
BEER AND WINE makers are likely to gain from Maharashtra's excise duty exemption, as sales could grow by at least 10% year-on-year, industry executives told FE.
The state government on Tuesday raised the excise duty on Indian-made foreign liquor (IMFL) from three times to 4.5 times the manufacturing cost, which works out to a hike of around 50-60%, industry executives said. This could prompt alcohol consumers to shift to cheaper liquor variants at the lower end of the market.
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