Indian-Made Foreign Liquor (IMFL) smuggling has been witnessing a rapid rise in Tamil Nadu since the closure of TASMAC outlets due to the enforcement of the Covid-induced lockdown.With the neighbouring Puducherry opening its liquor vends and .
Mayiladuthurai police step up measures to enforce prohibition
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MAYILADUTHURAI The Mayiladuthurai police have stepped up measures to strengthen prohibition in the district in the wake of noticeable spurt in bootlegging activities apparently due to closure of TASMAC outlets during the current phase of intensified lockdown.
During May, the police had registered 320 cases against 345 persons involved in illegal manufacture of arrack and possession of liquor. Patrol teams seized and destroyed 7,990 litres of Pondy arrack, 495 litres of rectified spirit, and 950 litres of illicitly distilled arrack during May, N. Shreenatha, Superintendent of Police, told
The Hindu.
More number of checkposts have been established to prevent smuggling of liquor from Karaikal, Mr. Srinatha said.
On a consolidated basis, Radico Khaitan posted a 91.3% jump in net profit to Rs 73.55 crore on 18.7% rise in net sales to Rs 694.73 crore in Q4 FY21 over Q4 FY20.Profit before tax jumped 74.7% to Rs 94.44 crore in Q4 FY21 from Rs 54.05 crore in Q4 FY20. EBITDA grew by 28% to Rs 101.93 crore in Q4 FY21 from Rs 79.61 crore in Q4 FY20. EBITDA margin improved to 14.7% in Q4 FY21 from 13.6% in Q4 FY20.
During the quarter, total Indian-made foreign liquor (IMFL) volume growth was 7.8% led by Prestige & Above category which increased by 15.4%. Excluding Andhra Pradesh, total IMFL volume growth was strong double digit. Total IMFL revenue growth was 15.8%. IMFL sales value accounted for 79.7% of the revenue from operations (net).
Crackdown on illicit liquor
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In a single day crackdown on liquor seizures, over 4,864 bottles of Indian Made Foreign Liquor were seized along with other liquor in Morappur jurisdiction on Tuesday.
Special task forces were constituted by Superintendent of Police Pravesh Kumar under the DSPs and police teams to conduct raids across the district. In its wake, raids were conducted along the district border with Tiruvannamalai. On Tuesday, 4,864 bottles of IMFL, 14 lts of ID arrack, and fermented wash were seized. As of date, 6,141 IMFL bottles, 17,388 Karnataka made IMFL bottles, 290 litres of illicit liquor, 1,245 litres of fermented wash and 18 litres of toddy were seized.