Because of the Liquor Industry’s Boom and Bust Period

Vijay Distillery Private Limited (VDPL), which manufactures liquor brands such as Ruslan Vodka, generated Rs. 2085 million in sales revenue in 2022.

The company’s revenue has decreased by Rs. 59.3 crores compared to FY 2021. For fiscal year 20/21, the company generated sales revenue of Rs. 2678 crore (Million). VDPL’s profit margin for FY2022 has been tempered by a drop in sales margin, a high debt level, an increase in interest rates amid reduced banking sector liquidity, and an increase in promotional expenses for recently released products.