Carlsberg Global CEO: Work continues on Carlsberg India's proposed IPO

Danish brewing major Carlsberg on Friday said its India business delivered strong volume growth in the first half of this year and the companys planned India listing has moved a step closer with the prefiling of a draft red herring prospectusThe companys growth accelerated in the AprilJune quarter as its flagship Carlsberg and Tuborg brands drove gains in the Indian market said its Chief Executive Officer Jacob AarupAndersen on the earnings call for the groups H1 2026 resultsIn India the very positive trajectory continued Our business delivered midteens percentage volume growth in the first half with an acceleration in Q2 compared to Q1 Growth was driven by both Carlsberg and Tuborg said AarupAndersenBesides 1664 Blanc its premium French wheat beer which was launched in India by Carlsberg India in 2024 grew strongly from a low base as the company continued to expand its distribution network he saidEarlier 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 IPOOn the IPO front AarupAndersen said The work on the IPO continues and as you may have seen Carlsberg India in July filed a socalled prefiled Draft Red Herring Prospectus with the Indian authorities We cannot provide further comments on the India performance or the process following the filing he saidIndia is part of Carlsbergs Central and Eastern Europe and India CEE and India reporting segment which posted organic volume growth of 62 per cent in H1 2026 with an acceleration in the second quarter compared to the first the company saidWithin the segment beer volumes grew 11 per cent driven by strong growth in India and Nepal partly offset by weak volumes in Ukraine while soft drinks volumes surged 34 per cent on the back of the rampup of the PepsiCo business in Kazakhstan it saidBeer volumes grew by 11 per cent thanks to strong growth in India and Nepal partly offset by weak volumes in Ukraine the company saidRevenue per hectolitre for the CEE and India region grew 3 per cent organically on the back of price increases and favourable product mix translating into organic revenue growth of 92 per centHowever total reported revenue growth for the segment was lower at 57 per cent due to adverse currency movements mainly in the Indian rupee and Ukrainian hryvnia the company saidThe segments organic operating profit grew 78 per cent aided by the strong top line and easier yearago comparisons though operating margin declined 40 basis points due to dilution from the Kazakhstan Pepsi business which remains unprofitable in 2026 Carlsberg saidCarlsberg also reported strong momentum in neighbouring Nepal where volumes grew in the midteens driven by both the local Gorkha brand and the Tuborg and Carlsberg brandsCarlsberg reported firsthalf 2026 revenue of 471 billion DKK Danish Krone up 27 per cent organically driven by a 17 per cent rise in volumes and a 1 per cent increase in revenue per hectolitreThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever