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IndoBevs invests over ₹200 crore in Muzaffarnagar malt distillery

IndoBevs says lower UK liquor duties will raise Scotch competition but improve Indian alcobev quality. The BroCode maker is investing over ₹200 crore in a Muzaffarnagar malt distillery, broadening its portfolio, targeting 30-35% growth and planning an IPO within three years.

Reported figures

From the report. Source details below

UK alcohol import duty cut from 150% to 75% effective July 15
BroCode contributes nearly 70% of sales
Exports currently reach 11 countries, targeted to expand to 30

Also in the report

  • Raw-material costs rose 20-30% during the Iran conflict
  • IndoBevs grew about 30% in FY26

The source

Source Read the source at Financial Express

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