India emerges as growth engine for Pernod Ricard

French spirits major Pernod Ricard outlined a confident medium-term growth outlook, even as it continues to face setbacks in the US and China. While sales in the US declined 6 percent and China plunged 21 percent amid weak Scotch demand and halted Martell shipments, India once again stood out as a growth driver. Now contributing 13 percent of the group’s global business, India recorded a 6 percent sales rise.

For the financial year ended June 2025, Pernod Ricard reported sales of €10.96 billion, down 3 percent organically, with recurring profit slipping 0.8 percent to €2.95 billion. Despite the slowdown, the company reaffirmed its guidance of 3–6 percent annual organic sales growth for 2027–2029, supported by a €1 billion cost-saving plan over four years.

Jameson became the biggest-selling imported bottled spirit in India, making the country its second-largest market worldwide. Pernod Ricard said it is gaining or maintaining share in 12 of its top 17 markets, with India firmly positioned as a key pillar of its growth strategy. As challenges persist in other geographies, India’s rising consumer demand and accelerating premiumisation continue to power the group’s global performance.