Carlsberg India

Leading brewer Carlsberg India has seen its profit jump 60.5 per cent to Rs 323.1 crore in FY'24, according to RoC filing by the company. The total income of Carlsberg India was up 15.2 per cent at Rs 8,044.9 crore for the financial year ended March 31, 2024, according to the financial data accessed through business intelligence platform Tofler. This is the highest revenue for Carlsberg in India, crossing the milestone of Rs 8,000 crore, reaching nearly USD one billion from sales. "During the financial year 2023-24, profit amounting to Rs 323 crore under the standalone financial statement has been carried forward to 'Reserve and Surplus' including other comprehensive income in the balance sheet," the company said. The company, while informing its state of affairs, said the beer industry continued to post healthy growth in volumes. "Cash and bank balances increased from Rs 9,304 million to Rs 11,165 million with strong business performance, better trade working capital and lower .

The investment is expected to further enhance production capabilities by adding a new can, glass, and keg line

United Breweries account for about 50% of the segment which AB InBev follows at around 25%, while Carlsberg is the third largest company in the space with a share of around 18%

Throws out the appeals of the beer makers, who were accused of cartelisation in the sale and supply of the beverage in various states and UTs

According to a source with direct knowledge of the matter, Carlsberg has taken action against two board members

In its 231-page order, which comes nearly four years after ordering a probe, CCI has also directed the companies, association and individuals to "cease and desist" from anti-competitive practices

Nepal-based Khetan Group and Carlsberg have been embroiled in a row since 2019 over how Carlsberg India has conducted internal inquiries into its business practices.

The Registrar of Companies has issued a notice to Carlsberg India seeking its response and is preparing to summon the board of directors soon

The findings cast a fresh shadow on operations and compliance practices at the Indian joint venture of Danish brewer Carlsberg A/S

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The latest results, like last year's, have not been approved by the board's three Khetan representatives but have been signed off by the seven nominated by Carlsberg, the sources said

The other seven directors, nominated by Carlsberg, found the practices were in line with industry norms and approved the 2018-19 results, the filing said.

At present, Carlsberg India owns eight breweries in the country, along with four contract manufacturing associations