Beer maker Carlsberg plans India IPO

Danish brewer Carlsberg is looking to list its Indian operations on domestic bourses and is believed to be looking for i-bankers, agencies reported.

The world’s third-largest brewer had reported a 2 percent decline in Indian volumes in 2017, even as it strengthened its market share to 17 percent market share for the year.

Calendar 2017 was weak for the maker of Tuborg beer, as GST introduction and highway liquor ban lowered volumes.

The year 2016 also saw regulatory issues such as alcohol ban in of Bihar. That year, the company’s India operations logged 16 percent volume growth.

The Danish parent had set its priorities right, which included accelerating organic growth in Asia through premiumization. It talked about continued improvement in margins and operating profit in Western Europe and rebalancing the focus towards top-line growth in Eastern Europe, besides others.

Source:-https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/beer-maker-carlsberg-plans-india-ipo/64572604

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