Pernod Ricard

Pernod Ricard India expects low double-digit growth over the next five years, supported by the Imperial Blue divestment and new launches such as Seagram's Xclamat!on, CEO Jean Touboul said

Tilaknagar Industries Ltd on Monday said it has completed the acquisition of Imperial Blue business division from Pernod Ricard India (PRI), a step-down unit of the French spirits major, via a slump sale for a lump sum consideration of Rs 3,442 crore. The lump sum consideration paid to PRI is subject to post-closing adjustments in accordance with the terms and conditions set out in the Business Transfer Agreement, according to a statement issued by Tilaknagar Industries Ltd (TIL), which owns brands such as Mansion House Brandy, Courrier Napoleon Brandy, Mansion House Gold Whisky and Blue Lagoon Gin. "In addition to this amount, a deferred payment of 28 million will be made after four years from the date of closure of the transaction," it said. Fair trade regulator Competition Commission of India (CCI) had already approved this transaction on October 7, 2025. This acquisition will make TIL among the leading players in the fast-growing Indian whisky market, which is witnessing ...

Tilaknagar Industries is in talks with global banks to raise ₹2,000 crore in debt to help fund its ₹4,150 crore purchase of the Imperial Blue whisky brand from Pernod Ricard

The consideration includes a deferred payment of 28 million euro (approximately ₹282 crore as on date), to be paid four years after the closure of the transaction

Over the past five years, Imperial Blue has experienced a slow decline in overall sales volumes, with a 4 per cent drop recorded during that period

Suntory also showed interest in the acquisition last year, but reportedly dropped out of the race due to Pernod Ricard's demand of $1 billion for Imperial Blue

Tilaknagar Industries leads the race to acquire Pernod Ricard's Imperial Blue whisky brand for an estimated $600 million; deal could mark the largest deal in India's liquor industry in over a decade

The India-UK FTA will reduce Scotch import duties from 150% to 40% over 10 years, making premium spirits more affordable for Indian consumers

The latest rejection comes despite an Indian appeals authority advising city officials to reconsider, citing lack of conviction in investigations against the company

Pernod Ricard and Heineken report slow Q3 growth as payment delays and regulatory issues in Telangana disrupt operations in one of India's top liquor markets

The company has been selective in who it sells assets to and a sale may not happen, the person cautioned

China has already imposed temporary tariffs on European brandy imports, hurting Pernod's sales of its Martell cognac brand

Pernod is contesting a $250 million India tax demand for allegedly undervaluing imports and also faces an investigation into violations of New Delhi city's liquor policy

Pernod Ricard responds to reports of CCI raids over alleged retailer collusion to promote whisky brand

The case was triggered by a 2022 complaint by Indian rival Radico Khaitan, which accused Pernod of colluding with retailers not to stock a Radico whisky brand

Liquor companies and retailers in Telangana have been accused of entering into cartel-like agreements to manipulate prices and market shares

Enforcement Directorate, in Jan. 2023 accused Pernod Ricard India (PRI) of engaging in money laundering by unlawfully facilitating $24 million in corporate guarantees

PRI lobbied New Delhi officials in favour of a 2021 law that allowed private retailers to run liquor shops

Pernod Ricard has become the largest Indian spirit maker in India in terms of revenue, with a consolidated sales revenue of Rs 26,773.22 crore in FY24, pushing its rival Diagio-owned United Spirits to the second spot, according to a regulatory filing. United Spirits Ltd (USL) reported Rs 26,018 crore in revenue from operations for the fiscal ended on March 31, 2024, as per the regulatory filings on stock exchanges. Pernod Ricard India Pvt Ltd (PRI) has reported an overall 6.9 per cent increase in its revenue from operations for FY24, and its profit rose 20.9 per cent to Rs 1,620.58 crore, according to the Registrar of Companies data accessed by business intelligence platform Tofler. The total income of PRI surged 7.09 per cent to Rs 26,936.51 crore for the financial year ended March 2024. USL reported a total income of Rs 26,243 crore for FY24. Pernod Ricard India, which owns popular brands like Absolute, Chivas Regal, and Glenlivet, is a fully-owned subsidiary of Pernod Ricard So

Wine maker Pernod Ricard India on Monday said it will set up a malt distillery and maturation facility in Maharashtra as part of the company's plan to invest up to Rs 1,785 crore in 10 years. The ground-breaking (Bhoomi Pujan) ceremony for the upcoming plant was held at Butibori, Nagpur in the presence of the state's Deputy Chief Minister Devendra Fadnavis, the company said in a statement. It is a significant first step in the realisation of the company's Memorandum of Understanding (MoU) with the government of Maharashtra, signed on February 23, 2024, the statement said. The agreement also underscores Pernod Ricard's commitment to India, backed by a projected investment of up to Rs 1,785 crore over a span of 10 years, the company said, adding that it has already committed about Rs 100 crore of investment in the state. The upcoming plant, the company's largest in Asia with annual production capacity of 13 million pure alcoholic litres, will produce world-class malt spirit, it ...