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India is a difficult market to be in at this moment of time, says Carlsberg Global CEO
Synopsis
The world's third biggest brewer said its Indian business declined 75% in the quarter ended June after beer manufacturing, distribution and retailing came to a complete standstill during the nationwide lockdown for nearly 40 days. Dining at restaurants, bars and pubs that accounts for nearly a third of beer sales, still remains restricted.
MUMBAI: Danish brewer Carlsberg said India is a difficult market to be in during Covid-19 due to multiple reasons including rising infections, tax hikes, restrictions and change in distribution.The world's third biggest brewer said its Indian business declined 75% in the quarter ended June after beer manufacturing, distribution and retailing came to a complete standstill during the nationwide lockdown for nearly 40 days. Dining at restaurants,
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