Price revision gives a ‘high’ to Pincon Spirits
DSIJ Intelligence / 02 Aug 2017
Breweries and distilleries major Pincon Spirits’ stock traded in positive territory, gaining 1.74% at Rs 73.00 per share in the early hours of trade today.
Breweries and distilleries major Pincon Spirits’ stock traded in positive territory, gaining 1.74% at Rs 73.00 per share in the early hours of trade today.
The newly formed West Bengal State Beverages Corporation, the government-owned wholesale intermediary, will get 4% margin and retailers will get margin of 8% (previously 6%) on MRP across all brands and pack sizes of country liquor for FY2017-18.
The items included are 60 degree UP, 70 degree UP and 80 degree UP with a revised price of Rs 75 per pack, 65 per pack and and Rs 35 per pack.
Pincon Spirits being a manufacturer with retail chain presence, the revision of prices may have a positive impact on the financial performance of the company.
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