Pernod Ricard

French liquor major Pernod Ricard has ruled out an IPO of its India business as part of its deleveraging strategy, even as it reported a 4 per cent rise in net sales in the country. With growth accelerating to 8 per cent after excluding Imperial Blue, a brand that has now been disposed of and closed by the French Liquor major, it expects the momentum to continue in the second half of FY'26, its Chairman & Chief Executive Officer Alexandre Ricard said. The company, which follows a July-to-June fiscal year, has achieved this growth despite a challenging first quarter, which was "severely impacted" by a very strong tax increase in Maharashtra, said Ricard on the post-earnings call last week. "We expect to see this momentum continue over the second half (H2)," he said in his opening remarks. The Pernod Ricard CEO highlighted that its international spirits portfolio is witnessing a "strong double-digit growth in India, reflecting the ongoing premiumization of the market. India's growth

Pernod Ricard launches internal probe after Rajasthan officials find Ballantine's labels on bottles of cheaper local liquor during a warehouse raid

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