Lockdown effect: Tipplers go for panic buying; liquor shops rake in moolah
Wine shops in the city exhausted all of their stocks on Tuesday evening and Wednesday morning.
By Sruthi Vibhavari| Published: 13th May 2021 12:37 pm IST
Hyderabad: Soon after the Telangana government announced a 10-day lockdown, starting Wednesday, tipplers indulged in panic buying across the city and liquor shops registered record sales, sources said.
Market watches said that alcohol worth around Rs 25 crore was sold between 6 am- 10 am on Wednesday morning, before lockdown came into force, in Hyderabad limits alone. Across the state, over Rs 125.41 crore alcohol sales took place during the same time.