In FY22, the company reported a revenue of 727 Cr, which increased to 927 Cr in FY23. Despite the increase in revenue, Bira's EBITDA margins remain negative, with a loss of 217 Cr in FY22 and a slightly reduced loss of 200 Cr in FY23. The company's gross margins, however, improved from 223 Cr in FY22 to 337 Cr in FY23. Impact of Commodity Price Inflation on Margins The commodity price inflation in material costs has been a significant factor impacting Bira's margins. However, the company was able to partially mitigate these effects through price increases. Additionally, active cost management and leveraging fixed costs have helped to improve EBITDA margins. Despite these efforts, the company still has a negative EBITDA, and there is a need for further cost optimisation and revenue growth to achieve profitability. Employee Benefit Expenses The employee benefit expenses have increased from 82 Cr in FY22 to 92 Cr in FY23 this is mainly due to expansion drive company is doing. New Flavor: Grizly Despite the challenges faced by the company, Bira has continued to innovate and introduce new products. One of its latest offerings is the Grizly hard seltzer, a unique blend of local berries, seasonal fruits, spices, and herbs created by the company's expert mixologists. The Grizly hard seltzer promises to be a buzzy and bubbly experience that is sure to delight beer enthusiasts. Financial Performance of Bira Unlisted Share in Fy23