NEW DELHI: India’s lockdown, the most stringent in the world, has made many regular consumers of cigarettes and liquor reduce their consumption as its extension has affected manufacturing and availability of both, according to a survey by Edelweiss Securities.
Analysts at the financial services company expect that recovery in demand for alcohol is some time away as consumers may not visit bars and pubs, affecting the out-of-home liquor consumption.
Edelweiss surveyed 273 cigarette users and 341 liquor consumers assessing their consumption of alcohol during India’s lockdown that commenced late March. “The covid-19-triggered lockdown has exacted a heavy toll on all sectors and the sin sector is no exception," the analysts said in a report