Pernod Ricard
Pernod Ricard's annual profit fell 26% to €1.2 billion as turnover dropped 14% to €9.4 billion on weak US and China demand, while India sales grew 9% on premiumisation (ET Small Business, 27 Aug). A $314 million India back-tax demand is now unchallenged, and FSSAI has inspected its Bengaluru plant (ET Retail, 20 Aug).
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: India's 19% growth held Pernod Ricard's group organic net sales fall to 0.9% in fiscal Q1, better than the 1.24% decline analysts expected.Reported: Watch:
- Reported: Pernod Ricard should treat the FSSAI visit as a prompt to tighten plant hygiene, packaging-marking and documentation controls while no adverse findings have been reported.Reported: FSSAI inspects Pernod Ricard’s Bengaluru plant in wider liquor-industry probe. Officials reportedly flagged hygiene improvements and recycled-plastic bottle markings; no adverse findings have been issued so far.Watch:
Background
From 7 stories, the newest dated 15 Oct 2026. Summary written 15 Oct 2026.
Pernod Ricard is a spirits company with a sizeable India business.
Show 3 more paragraphs and 7 sources
Its India portfolio includes Royal Stag, Blenders Pride, Chivas Regal, Glenlivet and Jameson.[1] source: ET Hospitality[2] source: Business Standard India sales grew 7% in FY26, and India spirits sales grew about 4% to 440 million cases.[3] source: ET Retail Business Standard reported that the company, which recorded $2.9 billion in India sales last year, lost its Delhi High Court bid to resume liquor sales in New Delhi.[4] source: Business Standard
For the fiscal first quarter, reported in October 2026, Pernod Ricard's India sales rose 19%. That limited the group's organic net sales fall to 0.9%, as China fell 25% and the US 10%.[5] source: ET Small Business In August 2026 the company began legal preparatory work while its board evaluates a potential IPO of its Indian operations.[3] source: ET Retail In October 2026 the IPO preparation still needed board approval.[5] source: ET Small Business Tilaknagar Industries is seeking about ₹2,000 crore in debt to part-finance its ₹4,150 crore Imperial Blue acquisition from Pernod Ricard.[6] source: Business Standard In October 2026 Pernod Ricard was seeking approval for price reductions after British whisky import tariffs fell to 75% from 150%.[7] source: Times of India
Debashree Das Gupta is Pernod Ricard's India CMO.[1] source: ET Hospitality Diageo cut Johnnie Walker Black Label prices in India to around Rs 3,800 from Rs 4,250.[7] source: Times of India
Sources
Questions about Pernod Ricard
How fast is Pernod Ricard growing in India?
Pernod Ricard reported that its India sales rose 19% in the fiscal first quarter, in October 2026, while group organic net sales fell 0.9%. Its India sales had grown 7% in FY26.[5] source: ET Small Business[3] source: ET Retail
What is Pernod Ricard's current strategy in India?
In August 2026 Pernod Ricard began legal preparatory work as its board evaluates a potential IPO of its Indian operations. In October 2026 it was seeking approval for price reductions after British whisky import tariffs fell to 75% from 150%.[7] source: Times of India[3] source: ET Retail
Who are Pernod Ricard's main competitors?
Diageo is named alongside Pernod Ricard in India. In October 2026 Diageo cut Johnnie Walker Black Label prices to around Rs 3,800 from Rs 4,250, while Pernod Ricard was seeking approval for price reductions.[7] source: Times of India
Stories that mention Pernod Ricard
4 stories
Pernod Ricard is named in these stories but is not their subject.