Finance With Palak (Stock Market)📈
February 20, 2025 at 06:13 PM
_Bira 91's ₹80 Crore Blunder! 🤯_
Here are the key points:
*What happened? 🤔*
- Bira 91 lost ₹80 crores over a single word 📝
- B9 Beverages, Bira's parent company, dropped the word 'Private' from its name 📊
- Switched from B9 Beverages Private Ltd to B9 Beverages Ltd 🔄
*The Compliance Nightmare 🚨*
- Re-register product labels across multiple states 📝
- Pause sales for months, even as demand soared 🕰️
- Write off 80 crore worth of inventory 📉
*The Damage 📊*
- Sales tanked by 22% 📊
- Losses shot up by 68% 🚨
*The Lesson 🚨*
- In India, a killer product isn't enough 📦
- Paperwork is crucial 📝
- Compliance is key 🔒
- A lesson that can cost your brand 80 Crs 📊 too if you're not careful! 🚨