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Note ban, liquor ban hit Pernod Ricard sales growth in India

Pernod Ricard, world's second-biggest spirits group posted sales of $2.13 bn in 3 months to March 31

Reuters  |  Paris 

French spirits maker Pernod Ricard said on Thursday that sales growth slowed slightly in the third quarter, reflecting weakness in India and the earlier timing of the Chinese New year. Pernod, the world's second-biggest spirits group after Britain's Diageo, kept its profit outlook unchanged and achieved some robust quarterly growth in the United States and in Europe. Pernod Ricard posted sales of 1.987 billion euros ($2.13 billion) in the three months to March 31, up 3 percent on a like-for-like basis, compared with 4 percent growth in the second quarter. This was, ...

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First Published: Thu, April 20 2017. 15:56 IST