Cupid Breweries and Distilleries Ltd inks agreement with Bansal Udyog Pvt Ltd for West Bengal foray

Cupid Breweries and Distilleries Limited ("the Company") has executed an agreement with Bansal Udyog Private Limited.

Through this arrangement, the Company is further expanding its presence in the State of West Bengal, which is one of the largest markets in India for consumption of alco-beverage products. The arrangement will enable the Company to undertake seed marketing / test marketing activities in the region, allowing the Company to generate revenue while gaining insights into consumer demand patterns, market trends and distribution dynamics in the State. This initiative is expected to enhance the Company's market reach and support its broader strategy of expanding its presence in high-consumption markets within the alcoholic beverages industry.

This strategic initiative is expected to expand the Company's market reach and strengthen its presence in the region, while enabling it to build relationships within the local distribution ecosystem and better understand consumer preferences.

The Company believes that this initiative will support its growth strategy and contribute towards building a scalable and sustainable revenue generation model in the West Bengal market, aligned with its broader expansion plans in the alcoholic beverages industry.

Shares of Cupid Breweries and Distilleries Limited was last trading in BSE at Rs. 25.63 as compared to the previous close of Rs. 25.43. The total number of shares traded during the day was 90652 in over 262 trades.

The stock hit an intraday high of Rs. 26.49 and intraday low of 24.31. The net turnover during the day was Rs. 2324775.00.

Source : Equity Bulls

Keywords

CupidBreweriesandDistilleries INE108G01010 Agreement BansalUdyog WestBengal