Beer maker Bira 91’s loss widened to Rs55 crore in FY17
16 October 2024
B9 Beverages Pvt. Ltd, maker of the popular Bira 91 beer, posted a loss of Rs55.06 crore for the year ended 31 March 2017, a big jump from the Rs12.32 crore the previous year, the company’s latest filing with the Registrar of Companies (RoC) shows.
Revenue from operations for the year ended 31 March 2017 stood at Rs30.9 crore, up from Rs4.02 crore in the fiscal year ended March 2016. While a majority of the revenue came from selling beer in India, the company’s US subsidiary B9 Beverages Inc. generated sales of Rs3.4 crore from the US market during the year.
B9 Beverages Pvt. Ltd, maker of the popular Bira 91 beer, posted a loss of Rs55.06 crore for the year ended 31 March 2017, a big jump from the Rs12.32 crore the previous year, the company’s latest filing with the Registrar of Companies (RoC) shows. Revenue from operations for the year ended 31 March 2017 stood at Rs30.9 crore, up from Rs4.02 crore in the fiscal year ended March 2016. While a majority of the revenue came from selling beer in India, the company’s US subsidiary B9 Beverages Inc. generated sales of Rs3.4 crore from the US market during the year.
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