Kingfisher will absorb tax hikes ‘to keep beer affordable’ in Karnataka, says UBL
City-based United Breweries Limited (UBL), the makers of Kingfisher beer, on Wednesday said it won’t increase beer prices despite three consecutive hikes in excise duty in the last 18 months by the Karnataka government. The decision was aimed at “preserving affordability and fostering continued consumer trust”, said Vivek Gupta, Managing Director and CEO of UBL. The State … Read more