6 days ago
Pernod Ricard India Sales Rise 7%, IPO Talks Continue
Pernod Ricard sells drinks such as whisky and gin around the world.
Its sales in India grew by 7% in the company’s FY26.
Sales grew even faster when the recently sold Imperial Blue business was left out.
India is now Pernod Ricard’s second-largest market after the United States.
The company said popular brands such as Jameson and Royal Stag helped drive growth.
Its board is discussing whether to list part of the India business on the stock market.
The company has not decided whether to proceed with the IPO.
A trade agreement between India and the United Kingdom may make it easier to offer more Scotch products in India.
Pernod Ricard also expects a possible agreement between India and the European Union to help its business.
Pernod Ricard reported 7% growth in India sales during FY26, while global sales fell 3.9%.
The company said India is its second-largest market after the United States and a key long-term growth driver.
The board is still evaluating a potential India IPO, with legal preparations underway but no decision made.
Excluding the divested Imperial Blue business, India sales growth exceeded 9% in FY26.
Pernod Ricard expects the India-United Kingdom trade agreement and a possible India-European Union pact to support future growth.
- Who
- Pernod Ricard and its Chairman and CEO Alexandre Ricard.
- What
- Pernod Ricard reported 7% India sales growth for FY26 and said its board continues to discuss a potential India IPO.
- Where
- India, Pernod Ricard’s second-largest market globally.
- When
- The results were reported on August 27, 2026, for the financial year ending June 30, 2026.
- Why
- Growth was supported by international and local brands, consumer demand and premiumisation; trade agreements may provide additional support.
Key facts
- India sales growth
- 7% in FY26
- India growth excluding Imperial Blue
- More than 9% in FY26
- Global sales
- €9.40 billion in the just-ended fiscal year
- Global sales change
- Down 3.9%
- Potential IPO
- Board discussions continue; no decision has been taken
- Imperial Blue divestment
- Sold to Tilaknagar Industries Limited for ₹3,442 crore
- India market position
- Pernod Ricard’s second-largest market after the United States
Quotes
Alexandre Ricard
Chairman and CEO of Pernod Ricard
“On India, yes, the board continues to discuss the India IPO opportunity. Again, it is a question of the strategic opportunity it may represent in terms of shareholder value creation, and they are weighing the strategic rationale, the pros and cons in terms of these kind of situations. It is not an obvious yes or no.”
freepressjournal.in
“You should not be surprised if we were to introduce new propositions coming from the UK into India around the Scotch. You should not be surprised to see some degree of acceleration around innovation.”
freepressjournal.in
Sources
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