Carlsberg Eyes India IPO to Boost Shareholder Value

Carlsberg's Group CEO Jacob Aarup-Andersen revealed that the company is exploring the possibility of listing its India business to enhance shareholder value. While no final decisions have been made, the move aims to capitalize on the strong growth the company is experiencing in the Indian market.

Danish brewing leader Carlsberg is considering an initial public offering (IPO) for its operations in India, according to its Group CEO, Jacob Aarup-Andersen. He confirmed this during an investor call, signaling a potential strategic route to increase shareholder value in the rapidly growing Indian market.

While details remain sparse due to legal limitations, Andersen emphasized that the decision to explore an IPO is primarily to unlock shareholder value. He noted substantial growth in India, with brands like Tuborg and Carlsberg Elephant showing positive performance, particularly in light of a strong fiscal year-end in 2025.

Carlsberg's Indian subsidiary has benefited from a high single-digit volume growth and a robust market presence, bolstered by successful launches like Kronenbourg 1664 Blanc. Andersen reiterated that while India remains a focus, the decision on an IPO has yet to be finalized.

(With inputs from agencies.)