Carlsberg India stacks board, flips to public Ltd ahead of ₹30-35K cr IPO
Carlsberg India added four directors—ex-PepsiCo, L'Oreal, Reckitt and government hands—and converted to a public limited company in preparation for a listing pegged at ₹30,000-35,000 crore. FY25 net sales hit ₹8,939 crore with ₹443 crore profit, putting it within striking distance of UB's ₹35,377 crore market cap.
What happened
Carlsberg India added four directors and converted to a public limited company ahead of a planned IPO seeking ₹30,000-35,000 crore valuation. New board includes
Key facts
- ₹30,000-35,000 crore valuation
- ₹8,939 crore net sales FY25
- ₹443 crore net profit FY25
- ₹35,377 crore UB market cap
- ₹19,400 crore UB revenue
- ₹80 crore Bira writeoff
Why this matters
The public Ltd conversion and board build-out is the textbook 12-18 month IPO runway, opening a window for pre-listing strategic stakes or anchor commitments before the float locks in comparables for the entire Indian beer category.