INSUBCONTINENT EXCLUSIVE:
The new factory will cost between $60 million and $70 million and will have a capacity of 50 million cases
wants to overtake entrenched global brands by building a $70 million beer factory and raising fresh funds ahead of a public listing in
The company currently leases six brewing units and sells an equivalent of 8 million cases of beer a year.
The New Delhi-based company has
million and $70 million and will have a capacity of 50 million cases, with its first phase expected to become operational by next summer,
Jain brought in Accenture Inc
valued at Rs 41,500 crores ($5 billion) as of 2023 and is estimated to grow to Rs 78,100 crores by 2032, according to market research firm
While the Indian alcohol and beverage market is among the fastest growing in the world, per capita beer consumption is significantly lower
external loans from lead backers Kirin and Tiger Pacific Capital LP
total market share from 8 per cent to the early teens, and see a double-digit earnings before interest, taxes, depreciation and amortization
B9 reported a 17 per cent rise in revenues to Rs 850 crores in the year ended March 2023, the most recent period for which data is
available, down from 64 per cent growth the previous year
Losses deepened to Rs 450 crores compared to the previous fiscal year, as it invested in growing its distribution network, restructuring
operations and the new factory
