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Bira 91, a relatively new entrant into the Indian beer market, has been making waves domestically and internationally. Launched in 2015, the brand recently secured a staggering 9 awards at the prestigious World Beer Awards, cementing its position as a global contender in the craft beer industry.
Bira’s Performance at the World Beer Awards.
The World Beer Awards is a globally recognized competition that celebrates excellence in brewing. At this award ceremony, Bira 91 Boom, was named the World’s best strong lager and received a gold medal. Three other Bira 91 varieties - Gold Wheat Strong, Super fresh White with Citrus, and Super fresh White with Mango - were declared country winners. These beers also earned gold medals in international categories for strong wheat beer, Belgian-style witbier, and fruit-flavored beer.
The brand's success continued with silver medals for Bira 91 Light (light lager category), Super fresh White With Berry (sweet stout category) and Malabar Stout (session IPA category). Bira 91 RISE and their Indian Pale Ale with Pomelo both secured bronze medals in their respective categories.
What Are The Future Implications For Bira 91?
These awards not only validate Bira 91's position as a leading craft beer brand but also showcase the growing popularity of Indian beer on the global stage. As the brand continues to expand its reach and introduce new products, it is poised to become a major player in the international beer market.
The founders have expressed an intention to go public and have IPO plans to seek fresh funds. Currently, Bira share price in the unlisted market is trading at around Rs. 560 per share.
How Did Bira 91 Perform Financially?
Bira Managed to touch a revenue of Rs 848.7 crore in FY 22-23. This growth was slow as compared to Rs 726.5 crore in FY 21-22. Bira’s revenue from beer sales was 98% of total operation revenue. This increase by only 13% to Rs 807 crore. The remaining sales came from non-alcoholic products and scrap sold during FY23.
These awards not only validate Bira 91's position as a leading craft beer brand but also showcase the growing popularity of Indian beer on the global stage. As the brand continues to expand its reach and introduce new products, it is poised to become a major player in the international beer market.
How To Purchase Bira Shares?
The Bira share is not listed. But it is being actively traded in the unlisted market. The sudden surge is mainly due to increased funding and growing investor trust in this beer brand.
The founders have expressed an intention to go public and have IPO plans to seek fresh funds. This can be the right opportunity to invest in trending unlisted shares like Bira and increase your wealth by playing on the current bira share price. Stockify reduces the barriers to entry into blue chip stocks and helps you gain before they get listed in the Indian stock market.
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