Lockdown spirits away tipplers
The liquor industry has reported a decline of 12 per cent in the sale of the Indian-made foreign liquor (IMFL) segment amid Covid pandemic and lockdown despite 6 per cent growth in the January-March quarter in 2020-21. The total sale of IMFL was 305 million cases (9 litres each) products in 2020-21 — nearly 12 per cent below the previous year. Though the sales picked up in the second half of 2020-21 in most parts, the States which imposed high corona cess and other taxes after the first wave of Covid-19 showed poor recovery. According to a data compiled by the Confederation of Indian Alcoholic Beverage Companies (CIABC), the liquor sales fell by a whopping 42 per cent in first quarter of the last fiscal, it declined by 9 per cent in the second quarter and 1 per cent in the third quarter, before showing a recovery of 6 per cent in the fourth quarter. The top five States in terms of recovery in sales were Maharashtra, Goa, Haryana, Himachal Pradesh and Uttarakhand, while West Benga...