Kaluga-based Kristall distillery is set to launch an IPO on Moscow Exchange in the 4th quarter of this year. Company expects to raise ₽1-1.5 billion to implement its growth strategy and replace Western liqueur producers that have left Russia. Distillery produced 1.35 million decaliters of liquor products in 2022. Kristall's revenue in the first half of 2023 amounted to ₽1.4 billion, almost doubling year-on-year. Net profit reached ₽31 million.