Business · Companies · 4 hrs ago
Carlsberg India profit rises 22% as revenue falls 2.3%
Carlsberg India’s profit rose 22.1% to ₹535 crore in FY26, while its total income fell 2.3% to ₹8,815 crore.
The Danish brewer’s Indian business makes Tuborg and Carlsberg beers and kept growing sales volumes despite the revenue decline.
Its market share increased to 16.2% from 14.6%, leaving it India’s third-largest brewer.
The company said strong volume growth helped lift profit, but it did not give a figure for the increase in volumes.
Its profit exceeded United Breweries’ ₹413 crore, although United Breweries remains the market leader.
The revenue decline is a setback for plans for a proposed $700 million IPO of Carlsberg India.
The company became a public limited company in May 2026 as it prepares for the offering.
Carlsberg India’s net profit rose 22.1% to ₹535 crore in FY26, while total income fell 2.3% to ₹8,815 crore.
The company’s profit exceeded United Breweries’ ₹413 crore.
Carlsberg India’s market share rose to 16.2% from 14.6%, and it remained India’s third-largest brewer.
The company attributed its profit improvement to strong volume growth but did not quantify the increase.
The revenue decline comes as Carlsberg India prepares for a proposed $700 million IPO.
- Who
- Carlsberg India, the maker of Tuborg and Carlsberg.
- What
- FY26 total income fell 2.3% to ₹8,815 crore, while net profit rose 22.1% to ₹535 crore.
- When
- FY26. The company became a public limited company in May 2026, after the financial year closed.
- Where
- India.
- Why
- The company attributed its profit increase to strong volume growth. The sources do not state why total income fell.
This story does not have two clearly opposing sides.
Carlsberg India recorded total income of ₹8,815 crore and net profit of ₹535 crore.
The company converted from a private limited company into a public limited company after the financial year closed.
- FY26 total income
- ₹8,815 crore, down 2.3% year-on-year
- FY26 net profit
- ₹535 crore, up 22.1%
- United Breweries net profit
- ₹413 crore
- Market share
- 16.2% in FY26, up from 14.6%
- Proposed IPO
- $700 million