Carlsberg India Pvt Ltd.’s volumes decline in the July-September
quarter following the ban on sale of liquor on designated highways,
implementation of the Goods and Services Tax and heavy monsoons.
The
Indian market has been volatile as result of these three factors and
sales volumes fell during the quarter by "a couple of percent" as well
as year-to-date, the local arm of Danish brewer Carlsberg group said in a
conference call today. Its market share, however, increased during this
period, the company added.
The company undertook price hikes during the quarter to offset the impact of GST which was rolled out on July 1.
Carlsberg
India reported a 1 percent decline in its revenue for the quarter and
expects the weakness, especially on account of the highway ban, to spill
over into the October-December quarter, the company said.
The
Supreme Court of India had ordered a ban on the sale of liquor within
500 metres of state and national highways from April this year. Later,
it clarified that the ban is not applicable within city limits.
"We
have a list which we have every month updated what the distribution in
the outlet is and we see that increasing," the company told analysts on a
conference call after announcing its quarter ended September results.