B9 Beverages reported a net loss of Rs 748 crore for the year ending March 2024. Sales volume dropped to 6-7 million cases in FY24 from nine million in FY23. The company attributes its financial losses to a one-time inventory write-off associated with its previous brand name. Initially, Bira imported its Hefeweizen-style beer from Belgium ten years ago, but later shifted to domestic brewing for cost efficiency, eventually expanding to multiple third-party brewing facilities. Various brands including Simba, BeeYoung and Kati Patang have entered the Indian market, attracted by its warm climate, favourable demographics and growing prosperity. Global brewing companies have also expressed interest in investing in India, considering it among their top three strategic markets. The beer segment requires substantial capital expenditure and working capital for growth, and the company is currently seeking additional funding to support its expansion plans. For confidential support call the Samaritans on 08457 90 90 90 or visit a local Samaritans branch, see www.samaritans.org for details.
B9 Beverages reported a net loss of Rs 748 crore for the yea….
