Bengaluru Beats Heat With Record-Setting Beer Sales: Report

namit singh sengar namit singh sengar | 04-17 16:21

In the midst of fierce competition amidst near-record high temperatures across Karnataka, beer sales are reportedly reaching new heights. Notably, the state capital city and the Silicon Valley of India, Bengaluru, dominate the consumption of this beverage across the entire southern state.

According to a report by TOI, a senior official from the excise department attributed the surge in sales to the escalating temperatures in Karnataka and over the past 15 days, a staggering 23.5 lakh carton boxes of beer were sold in the state.

Also Read: Amul Chocolates Brace for Price Hike Amid Surging Cocoa Costs: Report

This comes after the Indian Meteorological Department in the first week of this month forecasted that this summer will witness a longer number of heat wave days in many areas of central, northern plains and southern India.

Data accessed from the excise department indicates that Karnataka has already achieved 61% of the total sales recorded for the entire month of April 2023, the TOI report said.

An excise department official said that last April, 38.6 lakh boxes of beer were sold, whereas this year, 23.5 lakh boxes have been sold in the first two weeks of the month.

However, the report added that upon closer examination of the data, it becomes evident that beer sales have been skyrocketing since the start of 2024.

Both in February and March, sales surpassed the records from the previous year. This summer, the excise department observed a 30% increase in sales compared to previous years.

The excise department affirmed that it has ample stock to accommodate the growing demand.

Impact of Lok Sabha Election?

Another official quoted in the report said that in summer, beer becomes the beverage of choice for many, both in urban and rural areas. As temperatures rise, so does the consumption of beer.

The official added that the concurrent Lok Sabha elections have further boosted sales. Chilled beer is reportedly the preferred choice, with people believing it helps combat the sweltering heat.

IMD forecast

The weather department had said that the country is set to experience extreme heat from April to June, with the central and western peninsular parts expected to face the worst impact.

Gujarat, central Maharashtra, north Karnataka, Rajasthan, Madhya Pradesh, Odisha, north Chhattisgarh and Andhra Pradesh are likely to experience the worst impact of heat waves. Above-normal maximum temperatures are likely over most parts of the country in April, with a high probability over central south India.

About the Author
Namit Singh Sengar
Namit writes on personal finance, economy and brands. Currently contributing to News18.com as a Senior Sub Editor in the business vertical. Prior to t...Read More

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

Hyundai Motor IPO’s off to a slow start

Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

Under fire, Ola Electric taps EY India to get back on track

Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

Dollar pullback to help Indian rupee, weak risk appetite to weigh

Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...