PERNOD RICARD INDIA DELIVERS ROBUST 11% GROWTH AMID PREMIUMISATION SURGE

Pernod Ricard India posted 11% revenue growth in the March 2026 quarter, boosted by the Imperial Blue divestment and premium product demand. Imported brands like Jameson and Chivas Regal saw double-digit rises, while Seagram’s staples thrived. India stays the firm’s top volume market globally.

Pernod Ricard, the French alcoholic beverages giant, has reported a strong 11% revenue increase in India for the March quarter of 2026, riding high on the sale of its Imperial Blue business and a clear shift towards premium spirits among consumers.

The company, which operates on a July-to-June financial year, credited robust demand and ongoing premiumisation trends for the performance. India continues to shine as Pernod Ricard’s largest market by volume and second-largest by value worldwide. “Q3 benefits from strong underlying demand and continuing premiumisation, along with the disposal of the Imperial Blue business,” the firm stated.

Its imported portfolio, featuring icons like Jameson, Absolut, Chivas Regal, and The Glenlivet, clocked impressive double-digit growth. Domestically, the Seagram’s lineup—including Blenders Pride—enjoyed solid uptake, further energised by the recent Xclamat!on range launch.

Seagram’s, acquired over two decades ago, still drives a hefty chunk of Pernod Ricard India’s revenue and volume. Earlier this year, it offloaded Imperial Blue to Tilaknagar Industries, streamlining its Seagram’s stable to brands such as Royal Stag, Blenders Pride, 100 Pipers, Longitude 77, and Xclamat!on.

The Indian spirits sector remains underpinned by sturdy consumer fundamentals, fuelling consistent expansion, according to the company. On a year-to-date basis through March, Pernod Ricard India notched 6% growth in the closing stretch of financial year 2026.

Globally, results were more subdued, with third-quarter net sales at €1.94 billion and organic growth of just 0.1%. For the July-to-March period, net sales hit €7.1 billion, reflecting a 4.4% organic dip.

Pernod Ricard India holds a top spot among alcobev players here, with FY2025 revenue of Rs 27,446 crore and an 8% high single-digit CAGR over the past five years. This quarter’s success underscores its grip on a market hungry for upscale options.