Bira 91, a Delhi NCR-based beer brand, saw its operating revenue rise to INR 824.3 Cr in FY23, a 15% increase FY22. Correspondingly, total expenditure increased by 14% to INR 1,282.4 Cr in FY23 from INR 1,122.5 Cr in FY22. Notably, the EBITDA margin improved to -25.4% in FY23 from -29.7% in FY22.