Carlsberg reports 23% growth in Indian business

Danish brewer Carlsberg has reported 23% growth in its Indian business in the year to March 2018. The factor which led to the growth was sales of premium brands as well as disruptions such as highway ban and demonetisation in the base year. 

Carlsberg, the maker of eponymous brand and Tuborg, posted revenues of Rs 3,735 crore during FY18. Last year, the company had recorded revenues of Rs 3,041crore. The sales volume of the company rose 9.4% against the overall beer market growth of 8.6% during the year with market share increase of 100 basis points. 

Carlsberg said, "The growth in volume and sales is driven due to consistent and increasing consumer demand for our brands, sustainable marketing support and coupled with an increased production capacity of the company as a result of its operational contract manufacturing tie-ups." 

The world's third largest brewer forayed into India in 2007. It became profitable in FY17.