Carlsberg Group has officially confirmed its intention to explore an **Initial Public Offering (IPO)** for its Indian operations. This move aims to tap into the high-growth potential of the Indian beverage market and unlock significant shareholder value. The Danish brewing giant is targeting a valuation of **₹30,000 to ₹35,000 crore** ($3.6 to $4.2 billion) for its Indian entity. Preliminary reports suggest a potential sale of a **25% stake**, which could raise approximately **$790 million**. Market Performance and Financials Carlsberg India currently holds a market share of **17% to 21%**, positioning it as the third-largest player in the country. It trails behind United Breweries (Heineken) and AB InBev. The business has shown remarkable resilience and growth: * **Net Profit:** Surged **61%** to reach **₹323 crore** in the latest fiscal cycle. * **Sales Revenue:** Grew **15%** to **₹8,045 crore**. * **Volume Growth:** Reported high-single-digit growth in **2025**, outperforming the broader market. Strategic Investment and Expansion The company has designated India as its primary global growth engine, even surpassing China in strategic priority. To support this, Carlsberg has committed **₹1,250 crore** in capital expenditure over the next three years. Key infrastructure projects include: * **₹500 crore** for a new greenfield brewery in Ahilyanagar, Maharashtra. * **₹400 crore** for brownfield expansion at the Hooghly facility in West Bengal. * **₹350 crore** for ongoing projects in Mysuru, including a new canning line with a capacity of **22,000 cans per hour**. Industry Trends and Outlook The Indian beer market was valued at approximately **$9.09 billion** in **2025**. It is projected to reach **$13.66 billion by 2032**, maintaining a compound annual growth rate (**CAGR**) of roughly **6%**. Premiumization is the dominant trend, as rising disposable incomes and urbanization shift consumer preferences toward higher-quality lagers. Lager currently accounts for **95%** of the market share. Regulatory changes are also impacting the landscape. Effective **April 2026**, new excise policies in major states like Uttar Pradesh will see retail prices rise by approximately **7.5%**. However, new licenses for low-alcohol beverage outlets in urban centers are expected to improve accessibility and volume sales for premium brands like **Carlsberg Elephant** and **Tuborg**.