The beer giant Carlsberg is considering an initial public offering (IPO) of its Indian business following a year of double-digit revenue growth in the country. This was revealed by CEO Jacob Aarup-Andersen in an interview with Bloomberg TV.
The company is simultaneously strengthening its market share in several states for the Tuborg Strong brand and expects the positive momentum in India to continue. No decision regarding a listing has yet been made, and Carlsberg is evaluating various options to increase shareholder value.
Carlsberg A/S is one of the world's leading beer producers. Net sales break down by activity as follows:
- beer production and sales: 99 million hectoliters sold in 2025 primarily under the Carlsberg and Tuborg brands;
- production, bottling, and distribution of non-alcoholic beverages: carbonated beverages, energy drinks, and mineral waters (49 million hectoliters sold in 2025).
At the end of 2025, the group had 57 breweries located in Denmark, in Poland (3), in Germany (3), in the United Kingdom (2), in Western Europe (4), in China (27), in India (7), in Asia (3), and in Central/Eastern Europe (7).
Net sales are distributed geographically as follows: Western Europe (58%), Asia (21.6%), and Eastern Europe/Central Europe/India (20.4%).
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