Pernod Ricard's Q1 sales fall less-than-expected
Pernod Ricard beat analyst estimates as India sales rose 19% and the company reiterated a forecast for broadly stable annual net sales.
- On Thursday, Pernod Ricard reported a 0.9% decline in first-quarter sales for its 2027 fiscal year, totaling 2.234 billion euros as weak demand in key markets offset strong growth in India.
- Weak demand and inventory destocking in China and the United States impacted performance, though underlying trends in China are improving ahead of the Chinese Mid-Autumn Festival.
- Finance chief Mauve Croizat told analysts sales fell 10% in the United States and 25% in China, while demand in India surged 19% during the first quarter.
- Shares in Pernod Ricard rose around 3% following the results, as the company revealed it is taking preparatory steps toward a potential IPO in India, subject to board approval.
- The spirits maker reiterated expectations for sales growth at the lower end of its 3% to 6% target range through 2029, underscoring a prolonged industry downturn that has eroded valuations.
22 Articles
22 Articles
Pernod Ricard India sales grow 19% in Sept qtr; IPO plan awaits board approval
Pernod Ricard has demonstrated remarkable sales growth of 19 percent in India for the September quarter, driven by strong market demand and ongoing premiumisation trends. The company's preparatory measures for a potential IPO have positively influenced sales. Despite declines in the US and China, India remains a focal market. The final decision on the IPO awaits board approval.
Pernod Ricard begins preparations for a potential initial public offer of shares of its subsidiary in India, seeking to capitalize on the rapid advance of consumption in the most populous country in the world through the retraction of sales in traditional squares of French distillery. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Pernod Ricard saw its sales drop by 6% in the first quarter of its fiscal year 2026-2027, to €2.23 billion. The group of spirits is penalized by the decline in sales in China and the United States, but maintains its annual targets.
Reformatorisch Dagblad
welingelichtekringen.nlThe French beverage group Pernod Ricard continues to struggle with weak market conditions in the United States and Europe. However, the company behind brands such as Absolut Vodka, Martell, Malibu, Jameson, and Chivas Regal did perform well in India during the past quarter, a key growth market for the group. Pernod Ricard is preparing for an IPO there, which still requires approval from the board.
Pernod Ricard first quarter sales fall less-than-expected, cautious optimism on China
PARIS, Oct 15 (Reuters) - Pernod Ricard on Thursday reported a smaller-than- expected 0.9% drop in sales for the first quarter of its 2027 fiscal year, impacted by weak demand and de-stocking in China and the United States although demand in India wa...
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