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Kishore Chhabria’s Allied Blenders Seeks 10% Price Hike To Beat Inflation
War in Ukraine has changed the cost dynamics and it’s getting more expensive to make a bottle of whiskey, Shekhar Ramamurthy.
Kishore Chhabria-backed Allied Blenders & Distillers Pvt. Ltd., the largest homegrown spirits maker, said it would need at least a 10% price hike as it faces “unprecedented” cost pressures in ingredients to energy and transport.“The war in Ukraine has changed the cost dynamics and it’s getting more expensive to make a bottle of whiskey,” Shekhar Ramamurthy, executive deputy chairman at the Officer’s Choice brand owner, told Bloomberg...
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