“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 capital investment,” it said.
Carlsberg India Pvt. Ltd. had reported a total profit of Rs 201.3 crore a year before in fiscal 2022-23, and its revenue from operations was at Rs 6,937 crore on a standalone basis.
Its ‘Excise duty expense’ in fiscal 2023-24 was at Rs 4,877.8 crore, up 13.4%. This was at Rs 4,301.6 crore a year before in fiscal 2022-23.
Advertising promotional expenses of Carlsberg India were at Rs 96.5 crore in fiscal 2023-24, and total expenses stood at Rs 7,628.3 crore, up 13.4%.
While the market share from the data from the corporation states declined to 13.3%, from 14.9% in the fiscal year 2023-24, Carlsberg India continues to hold the number three position in the Indian beer market.
Carlsberg India is the subsidiary of Singapore-based South Asian Breweries Pte Ltd, owned by Danish brewing major Carlsberg.
Carlsberg competes in the Indian beer industry with Heineken-owned United Breweries Ltd. and AB InBev. These three companies account for 85% of the beer sold in India.
(With inputs from PTI.)
