Pernod Ricard’s FY sales rises in double digit

Pernod Ricard has seen a 10 percent increase in organic sales in the fiscal 2023, led by double-digit growth for the company's main brands.

In the fiscal year that ended on 30th June 2023, the reported net sales of the group increased by 13 percent to reach US$13.2 billion.

For the fiscal of 2023, organic profit from recurring operations of Pernod Ricard group increased by 11 percent. It came after a strong showing in the first six months of the fiscal year, when Pernod's sales increased by 19 percent.

The group's strategic international brands, which includes Jameson Irish whiskey, Absolut Vodka, Beefeater gin, and Martell Cognac, experienced 11 percent growth. Other international brands saw sales increases, while the Scotch portfolio saw 17 percent growth. Local brands of the group saw 10 percent growth, and special brands saw 8 percent growth in sales.

Pernod Ricard experienced a 2 percent increase in sales in the Americas region. Sales of Pernod Ricard for Asia and the rest-of-the-world region climbed by 17 percent, with impressive performance in Japan, South Korea, and South-east Asia. In Europe, Pernod Ricard saw 8 percent growth in sales, with Spain and Germany experiencing double-digit growth.

Pernod Ricard aims for 4 percent to 7 percent growth in net sales during FY 2023-2025. In 2024, the company plans increased capital expenditures and strategic inventories to support the dynamic aged spirits category.