The Danish brewer says Carlsberg and Tuborg led growth in the Indian market, while premium brand 1664 Blanc also gained traction from an expanding distribution network
Carlsberg India recorded mid-teens volume growth in the first half of 2026, with growth accelerating in the April-June quarter, even as the Danish brewer moved ahead with plans to list its Indian business through a proposed initial public offering (IPO).
The growth was led by Carlsberg and Tuborg, while premium brand 1664 Blanc also performed strongly from a low base, Jacob Aarup-Andersen, Chief Executive Officer, Carlsberg Group, said during the company’s first-half earnings call.
“In India, the very positive trajectory continued. Our business delivered mid-teens percentage volume growth in the first half, with an acceleration in Q2 compared to Q1. Growth was driven by both Carlsberg and Tuborg,” said Aarup-Andersen.
Carlsberg India, the Indian subsidiary of Carlsberg Group, also took a step forward on the proposed listing in July by confidentially pre-filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi).
The 1664 Blanc brand, which Carlsberg India introduced in the country in 2024, also recorded strong growth during the period. Aarup-Andersen said the brand benefited from the company’s continued expansion of its distribution network.
On the IPO, Aarup-Andersen said the company was continuing to work on the proposed listing but declined to provide further details following the regulatory filing.
“The work on the IPO continues, and as you may have seen, Carlsberg India in July filed a so-called pre-filed Draft Red Herring Prospectus with the Indian authorities… We cannot provide further comments on the India performance or the process following the filing,” he said.
