Pernod Ricard

Tax dept probes Pernod, Diageo Scotch imports under UK trade pact

Tax officials are examining whether bulk Scotch imports qualify for lower duties under the India-UK pact, sources said. Pernod and Diageo said they were cooperating with authorities

Pernod Ricard India sales grow 19% in Sep quarter; IPO plan awaits approval

French spirits maker Pernod Ricard, which on Thursday reported a 19 per cent sales growth in India for the September quarter, said its proposed initial public offering (IPO) in the country remains under discussion and is awaiting board approval. Pernod Ricard said double-digit sales growth in the first quarter of financial year 2027 in the India market, its second largest globally after the US, is "driven by strong demand and continuing premiumisation" as "the market continues to enjoy dynamic consumer fundamentals". Pernod Ricard's financial year runs from July 1 to June 30. "Growth is broad-based across the portfolio, with imported spirits in very strong double-digit growth, including Jameson, Absolut and Ballantine's, and with strong double-digit growth from Seagram's whiskies Royal Stag and Blenders Pride," said the company's earnings statement. Pernod Ricard said preparatory steps for a potential IPO in India had resulted in a favourable pipeline-filling effect, contributing

Delhi High Court rejects Pernod Ricard plea to sell liquor in Delhi

The Delhi High Court dismissed Pernod Ricard's challenge to the denial of an L-1 wholesale liquor licence, citing pending criminal proceedings under excise rules

Court rejects Pernod Ricard's plea to resume sale of liquor in New Delhi

Pernod and Delhi authorities have been at loggerheads on whether the company can sell its products like Absolut vodka and Chivas Regal while being an accused in a liquor policy probe

Pernod hid Scotch composition, age to pay lower tariffs: Tax authorities

Pernod is seeking to quash a September decision by arguing that ​it was not given access to key pricing data in the investigation

CCI orders antitrust probe into Pernod Ricard over exclusive retailer deals

Complaint alleges Pernod gave $24 million in corporate guarantees to help city retailers secure loans in 2021, in return for ensuring 35% of shop stock comprised Pernod brands

No decision yet on India IPO; Pernod Ricard explores strategic options

French spirits major Pernod Ricard on Tuesday said that no decision has been made on the listing of its Indian subsidiary, although it continues to explore options to create shareholder value. The company, which owns popular brands such as Absolute, Chivas Regal, and Glenlivet, said, "At this stage, no decision has been made regarding any particular action or involving any of these options." However, it also said it regularly "assesses and evaluates" its strategic opportunities and is continuously exploring options to create value for its shareholders, including optimising its capital structure. Its local subsidiary, Pernod Ricard India (PRI), is the leading Indian alchoBev player with a revenue of Rs 27,446 crore for FY2024-25. It has grown at a high single-digit CAGR of 8 per cent over the last five years. PRI has recently divested its Imperial Blue business to home-grown Tilaknagar Industries. Now, PRI's Segram profile consists of the brands Royal Stag, Blenders Pride, 100 Piper

Pernod Ricard sees strong growth momentum in H2, rules out India IPO

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 inquiry after raid on its warehouse in Rajasthan

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 double-digit growth, backed by new launches

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 completes ₹3,442 crore Imperial Blue acquisition

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 ...

Imperial Blue deal: Tilaknagar seeks ₹2,000 crore debt from foreign banks

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

Tilaknagar Industries to acquire Imperial Blue business for 412.6 mn euro

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

Tilaknagar Industries in talks to acquire Imperial Blue from Pernod Ricard

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

Japan' Suntory renews bid for Imperial Blue as rivals face funding issues

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 tops $600 mn race for Imperial Blue, to expand whisky portfolio

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

India-UK FTA to make Scotch whiskies competitively priced: Pernod Ricard

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

Liquor giant Pernod Ricard denied Delhi liquor licence again amid probe

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

Delayed dues, supply disruptions in Telangana dent liquor giants' sales

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

Pernod Ricard considers sale of GH Mumm to focus on premium labels

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