For all the livelong years it has been around, beer has been associated with leisure and relaxation.
Of late, it has become more than just a beverage. Both amateurs and aficionados prefer an uncorked chilled beer to unwind on a sweltering hot day.
As the temperature rises, the breweries gear up to capitalise on this growing trend.
United Breweries Ltd on Friday said it has received a tax demand of over Rs 263.70 crore, including interest and penalty from the Maharashtra State Goods & Service Tax Department.
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Breweries are optimistic about 2024 after a 10% year-on-year drop in industry volumes last year as unseasonal rains marred sales during the summer months.
Around 70% of stocks in Nifty MidCap 100 and Nifty SmallCap 100 indices witnessed a rise in mutual fund stakes in December 2023 quarter, according to Ace Equities data.