Pernod Ricard sales decline less than expected, bolstered by India
Summary
Pernod Ricard reported a sales decline that was less severe than anticipated last quarter, largely due to robust growth in India, which has been a strong market for the company. The ongoing trend of premiumization and widespread demand for its products in India helped offset persistent weaknesses in the US and China markets, where spirits makers are grappling with changing consumer behaviors and rising cost-of-living pressures that are steering customers towards value brands. Additionally, Pernod Ricard India is preparing for a potential IPO while also achieving revenue growth.
Analysis
Pernod Ricard: Pernod Ricard is a leading global producer and distributor of wines and spirits, known for premium brands such as Absolut vodka, Jameson whiskey, and Martell cognac. The company operates across numerous markets with a focus on brand building and international distribution. In the most recent quarter, its sales decline proved milder than anticipated thanks to robust growth in India offsetting softer results in the US and China, and it reaffirmed its medium-term outlook. India Market: India remains a buoyant market for Pernod Ricard with ongoing premiumization and broad-based demand across its portfolio. Industry Challenges: Spirits makers are navigating consumer moderation in drinking habits alongside cost-of-living pressures favoring value brands in key markets. Strategic Developments: Pernod Ricard India has initiated preparatory steps for a potential IPO while reporting revenue growth.
Categories
macro
Related sources
- https://www.pernod-ricard.com/en/media/fy26-full-year-sales-and-results
- https://www.bloomberg.com/news/articles/2026-10-15/pernod-ricard-sales-decline-softened-by-strength-in-india
- https://live.euronext.com/en/products/equities/company-news/2026-10-15-pernod-ricard-sequential-improvement-q1-contrasted
- https://www.marketscreener.com/news/pernod-ricard-s-first-quarter-weighed-down-by-the-united-states-and-china-ce785dd3d88af123
- https://pitchbook.com/profiles/company/55454-05
- https://ch.zonebourse.com/actualite-bourse/pernod-ricard-repli-du-chiffre-d-affaires-de-6-au-1er-trimestre-ce785dd3d88cf427
- https://www.restaurantindia.in/news/pernod-ricard-india-s-ipo-plans-take-shape-as-fy26-revenue-rises-7-percent.n17419
- https://www.moneycontrol.com/news/business/companies/pernod-ricard-sales-decline-softened-by-strength-in-india-14052810.html
- https://news.bloomberglaw.com/international-trade/pernod-ricard-sales-decline-softened-by-strength-in-india