Carlsberg India posts record sales and profit growth

Carlsberg India reported a profit increase of 60.5% to Rs 323.1 crore for FY'24, with revenue reaching Rs 8,044.9 crore, the highest in its history. This marks a 15.2% rise in total income compared to the previous year. Despite the profit growth, Carlsberg's market share fell to 13.3% from 14.9%, but it remains the third-largest brewer in India. The company attributes its success to strong business performance and improved working capital. In FY'24, Carlsberg's excise duty expenses rose by 13.4% to Rs 4,877.8 crore. Total expenses increased to Rs 7,628.3 crore, reflecting higher advertising and promotional costs.