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Liquor Traders Meet Excise Officials, Seek Higher Margin On Sale, Retail News, ET Retail

 Representative image.
Representative image.

Lucknow: The liquor traders of Uttar Pradesh called on the excise commissioner and other senior officers of the excise department to press for their demand for higher margin in the liquor sale.

The traders said that the demand for higher margins must be incorporated in the liquor policy for fiscal 2023-24, which is being readied by the excise department,

The office bearers of the Uttar Pradesh liquor welfare traders’ association met excise commissioner Senthil C Pandian and other senior officials.

The retailers pointed out that the average margin of retailers who are into English liquor business have gone down from an average 18% to 11% over the past decade while those into the country liquor business are witnessing erosion of profit margins from an average 14% in a year to 8%.

The retailers also asked the department to increase the timing of retail trade to 11pm from the existing deadline of 10pm.

Excise commissioner said that the representation of the retailers will be put up before the government and senior officials for further decision. Spokesperson of the association Devesh Jaiswal said, “The retailers have been at the receiving end for the past five to six years. We want to do fair business. But, at the same time our margins need to be maintained.”

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