Bengaluru: Bumper revenue of Rs 193 crore from liquor sales in one day on December 31

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01-01-2024

    Liquor sales on New Year's Eve bolster state government's finances

    Liquor sales contributed a whopping ₹193 crore on December 31 alone

    Total revenue from liquor sales stood at ₹1072 crore from Dec 23 to 31

The surge in liquor sales on New Year’s Eve significantly bolstered the state government’s finances, marking a substantial increase in revenue compared to the usual daily intake.

On December 31 alone, the government witnessed a remarkable uptick in its coffers, with liquor sales contributing a whopping ₹193 crore, more than double the typical daily revenue of approximately 90 crores. This surge is attributed to the festive atmosphere and heightened celebrations during the New Year period.

The excise department experienced a twofold increase in income in a single day, leading to a total revenue of ₹1072 crore from December 23 to December 31. Notably, the sales of IML Liquor played a pivotal role in this financial windfall, with 22.2 lakh boxes sold, generating an impressive revenue of 900 crores. Beer sales constituted a significant portion, with 14.07 lakh boxes sold and a resulting profit of 170 crores.

The overall month of December proved to be lucrative for the government, witnessing a staggering revenue of ₹3,000 crore from liquor sales. This figure surpassed the earnings from the same period in the previous year, which stood at ₹2,611 crore. The robust performance in liquor sales during the festive season undoubtedly provided a much-needed boost to the state’s financial standing.

Bengaluru: Bumper revenue of Rs 193 crore from liquor sales in one day on December 31

https://newsfirstprime.com/wp-content/uploads/2024/01/New-Year-Liquor-Sales.jpg

    Liquor sales on New Year's Eve bolster state government's finances

    Liquor sales contributed a whopping ₹193 crore on December 31 alone

    Total revenue from liquor sales stood at ₹1072 crore from Dec 23 to 31

The surge in liquor sales on New Year’s Eve significantly bolstered the state government’s finances, marking a substantial increase in revenue compared to the usual daily intake.

On December 31 alone, the government witnessed a remarkable uptick in its coffers, with liquor sales contributing a whopping ₹193 crore, more than double the typical daily revenue of approximately 90 crores. This surge is attributed to the festive atmosphere and heightened celebrations during the New Year period.

The excise department experienced a twofold increase in income in a single day, leading to a total revenue of ₹1072 crore from December 23 to December 31. Notably, the sales of IML Liquor played a pivotal role in this financial windfall, with 22.2 lakh boxes sold, generating an impressive revenue of 900 crores. Beer sales constituted a significant portion, with 14.07 lakh boxes sold and a resulting profit of 170 crores.

The overall month of December proved to be lucrative for the government, witnessing a staggering revenue of ₹3,000 crore from liquor sales. This figure surpassed the earnings from the same period in the previous year, which stood at ₹2,611 crore. The robust performance in liquor sales during the festive season undoubtedly provided a much-needed boost to the state’s financial standing.

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