Carlsberg reports double-digit volume growth in India in Q1 2026

Danish brewing giant Carlsberg on Wednesday said it has registered a ''double-digit volume growth'' in the Indian market during the first quarter of 2026. The company reported ''strong growth of Tuborg Strong and Carlsberg Elephant'' in India, where it plans to list the business, according to Carlsberg's earnings statement. In the ''Central & Eastern Europe and India'' zone, Carlsberg reported an 8.1 per cent revenue growth, led by a strong 4.6 per cent rise in volume. ''The volume growth was mainly due to a strong start to the year in India and Nepal, and strong growth for soft drinks in Kazakhstan,'' it said. However, it also bears the impact of ''currency depreciation in India'' in the first quarter. In 2025, the Indian market, where the company operates with brands like Tuborg and Carlsberg Elephant, had contributed to 15 per cent volume of the ''Central & Eastern Europe and India'' zone. Carlsberg has reported a revenue growth of 3 per cent to 20.7 billion DKK (Danish Krone). Its total volume grew by 5.3 per cent. ''The group saw a good start to the year, with organic volume and revenue growth in all three regions and strong results from our strategic category growth driver,'' it said. Its total premium beer volumes grew organically by 3 per cent, led by Carlsberg and Tuborg. ''Our premium portfolios grew in all three regions, with particularly strong growth in the Nordics, the UK and India,'' it said. In the first quarter, ''Carlsberg brand grew by 10 per cent'' driven by very good growth in premium markets, such as China and India. Similarly, Tuborg also grew by 4 per cent, supported by strong growth in markets such as China, India and Nepal. Earlier this year, in February, Carlsberg global management had said it is exploring different options for increasing shareholder value, and that may potentially include an IPO of its business in India.

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