The domestic alcohol industry is caught in a squeeze play. Soaring raw material costs are taking a toll on margins as state governments keep MRP unchanged. The price of extra-neutral alcohol, a key raw material, has gone up by 53% since 2018.
The domestic alcohol industry is caught in a squeeze play. Soaring raw material costs are taking a toll on margins as state governments keep MRP unchanged. The price of extra-neutral alcohol, a key raw material, has gone up by 53% since 2018.