Carlsberg India sees high H1 volume, IPO advances

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Key points

• (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.).
• Premiumisation lifts liquor firms' June quarter topline against the backdrop of cost headwinds Besides, 1664 Blanc, its premium French wheat beer.
• Carlsberg India IPOCarlsberg volume growthbeer market expansion in IndiaCarlsberg's expansion in IndiaCarlsberg financial resultspremium beer brandsDanish brewing companyH1 2026 results.
• Carlsberg India posts solid volume expansion in H1, IPO process underway: Global CEO Aarup-Andersen.
• Our business delivered mid-teens percentage volume expansion in the first half, with an acceleration in Q2 compared to Q1.

Carlsberg India achieved solid volume expansion in the first half of this year. Its flagship Carlsberg and Tuborg brands drove significant gains in the Indian market. The company's premium 1664 Blanc beer additionally experienced robust expansion after its launch. Carlsberg India has now moved a step closer to its planned stock market listing. For context, a draft red herring prospectus has been pre-filed with Indian authorities.

New Delhi: Danish brewing major Carlsberg on Friday remarked its India business delivered robust volume expansion in the first half of this year, and the company's planned India listing has moved a step closer with the pre-filing of a draft red herring prospectus. The company's expansion accelerated in the April-June quarter as its flagship Carlsberg and Tuborg brands drove gains in the Indian market, stated its Chief Executive Officer Jacob Aarup-Andersen on the earnings call for the group's H1 2026 results. "In India, the particularly positive trajectory continued. Our business delivered mid-teens percentage volume expansion in the first half, with an acceleration in Q2 compared to Q1. Expansion was driven by both Carlsberg and Tuborg, " stated Aarup-Andersen.

Premiumisation lifts liquor firms' June quarter topline against the backdrop of cost headwinds Besides, 1664 Blanc, its premium French wheat beer. It was introduced in India by Carlsberg India in 2024, "grew strongly" from a low base as the business continued to expand its distribution network, he stated. Live Events.

Earlier this year, in July, Carlsberg India, the Indian arm of the Danish brewing major Carlsberg Group, filed confidential papers with the capital markets regulator SEBI for a proposed initial public offering (IPO). On the IPO front, Aarup-Andersen remarked, "The work on the IPO continues, and as you may have seen, Carlsberg India in July filed a so-called pre-filed Draft Red Herring Prospectus with the Indian authorities. We cannot provide further comments on the India performance or the process after the filing, " he stated. India is part of Carlsberg's Central & Eastern Europe and India (CEE & India) reporting segment. It posted organic volume expansion of 6.2 per cent in H1 2026, with an acceleration in the second quarter compared to the first, the firm stated. While soft drinks volumes surged 34 per cent on the back of the ramp-up of the PepsiCo business in Kazakhstan, it remarked.: High on India expansion, Diageo gives region 'Standalone' tag "Beer volumes grew by 1.1 per cent thanks to strong growth in India and Nepal, partly offset by weak volumes in Ukraine, " the firm stated, within the segment, beer volumes grew 1.1 per cent, driven by solid expansion in India and Nepal, partly offset by subdued volumes in Ukraine. Revenue per hectolitre for the CEE & India region grew 3 per cent organically on the back of cost increases and favourable product mix, translating into organic revenue expansion of 9.2 per cent. Nevertheless, total noted revenue expansion for the segment was lower at 5.7 per cent due to adverse currency movements, mainly in the Indian rupee and Ukrainian hryvnia, the firm stated. The segment's organic operating profit grew 7.8 per cent, aided by the solid top line and easier year-ago comparisons, though operating margin declined 40 basis points due to dilution from the Kazakhstan Pepsi business. It remains unprofitable in 2026, Carlsberg stated. Carlsberg additionally noted solid momentum in neighbouring Nepal, where volumes grew in the mid-teens, driven by both the local Gorkha brand and the Tuborg and Carlsberg brands. Carlsberg documented first-half 2026 revenue of 47.1 billion DKK (Danish Krone), up 2.7 per cent organically, driven by a 1.7 per cent rise in volumes and a 1 per cent rise in revenue per hectolitre. PTI Add Now!

Taken together, the developments around carlsberg India sees high H1 volume, IPO advances point to a situation that is still moving, and the coming days should bring more clarity.