The Indian Made Indian Liquor (IMIL) business volumes are touching pre-COVID levels and the capacity utilisation has touched 100 percent in September. However, liquor stock Associated Alcohols' earnings was significantly impacted by the COVID-19 pandemic but Q2 did show signs of recovery.
For the stock, foraying into Kerala is also seen as positive. The company has recently also forayed into Uttar Pradesh market which is the largest liquor market in the country. Hence it is expected to drive the Indian made foreign liquor (IMFL) volumes higher.Watch video for more