ALCOHOLIC BEVERAGE MAKERS MAY SEE SHARP RECOVERY

HIGHLIGHTS

• COVID-related lockdowns hurt liquor trade in India.
• Temporary closure of liquor stores hurt the business as liquor was deemed as a non-essential product.
• 20% to 25% of liquor industry volumes got wiped out temporarily as restaurants and bars operated under restrictions.

COVID-related lockdowns had highly negative impact on the revenue of Indian liquor industr....