Pernod Ricard India Sales Grow 7 Per Cent In FY26; Board Continues Discussions On Potential IPO
New Delhi, August 27, 2026: French spirits major Pernod Ricard on Thursday reported a 7 per cent growth in India sales for FY26, and said discussions are on for a potential IPO in the country, its second-biggest market globally. Pernod Ricard, which reported a decline of 3.9 per cent in its global sales due to a hit from markets such as the US and China, saw "market share gain" in India where it…
Pernod Ricard recorded a 7 per cent rise in sales within India during the fiscal year ending in June 2026, with discussions underway for a potential initial public offering (IPO) in the country. The French spirits company, which reported a 3.9 per cent decrease in global sales due to challenges in markets like the US and China, highlighted strong growth in India driven by premiumisation trends and positive consumer demand.
Pernod Ricard's Chairman and CEO Alexandre Ricard expressed optimism about the country's expanding market, stating it's a "buoyant market" that is growing, not just for the company but for the market and the nation as a whole. The company's Chairman and CEO emphasised that the board is deliberating over the strategic implications of an IPO in India, though no decision has been made yet.
Ricard also mentioned that the company is taking legal preliminary steps to maintain flexibility regarding the potential IPO. India emerged as a significant growth driver for Pernod Ricard, with the company's global net sales amounting to 9.40 billion Euros. The business's performance is bolstered by the implementation of the India-UK Free Trade Agreement, which is expected to facilitate additional growth by enabling new Scotch offerings and accelerating innovation.
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