Devans expands beer footprint as costs squeeze margins

Devans Modern Breweries is expanding its beer business into new Indian markets. The company is also developing a premium spirits portfolio to drive growth. Rising input costs and state-controlled pricing are impacting profit margins. Devans aims for nationwide availability of its Godfather beer next year. The company is investing in a malt-spirit maturation facility for future results.

Raccontata daeconomictimes.indiatimes.com