EconomyCompanies
Carlsberg India's profit rises 22% to ₹534 crore as it readies a stock market listing
The maker of Tuborg and Carlsberg Elephant beer saw revenue slip 2.2% in 2025-26, but lower excise costs lifted profit. It has SEBI's approval for an IPO.
Key points
- Carlsberg India's profit rose 22% to ₹534.51 crore in the year to March 2026.
- Revenue from operations slipped to ₹8,708.8 crore from ₹8,906.5 crore.
- Spending on sales promotion jumped 42.6% to ₹848.71 crore.
Carlsberg India, the local arm of the Danish brewer, increased its profit by 22% in 2025-26 even as its sales slipped, according to its latest financial statements, as the company moves towards a listing on Indian exchanges.
Profit for the year to March 2026 rose to ₹534.51 crore from ₹437.94 crore. Revenue from operations fell about 2.2% to ₹8,708.8 crore from ₹8,906.5 crore, and total income, including other income, was ₹8,814.96 crore.
The gap between flat sales and higher profit came largely from tax. The company paid ₹4,816.83 crore in excise duty, about 12% less than the ₹5,468.24 crore of the previous year, and total expenses fell 4% to ₹8,090.81 crore.
More spent on selling beer
Spending on sales promotion rose sharply, by 42.6% to ₹848.71 crore from ₹595.07 crore, while marketing and publicity costs fell 2.2% to ₹69.22 crore. Royalty paid to the parent group went up 13.2% to ₹90.01 crore.
Carlsberg India sells Tuborg, Carlsberg Elephant and Kronenbourg 1664 Blanc. It is wholly owned by South Asian Breweries of Singapore, a subsidiary of Carlsberg South Asia, the holding company for the group’s business in the region.
Towards an IPO
The brewer filed draft papers with the Securities and Exchange Board of India through the confidential route in July and received the regulator’s approval on 1 October. The offering has been reported to be worth up to $700 million.