Page 2 - Pernod Ricard

French wine & spirits maker Pernod Ricard raises India bar on premium play

Working to get back to Delhi market soon, says India CEO

India now largest market by volume, 2nd largest by value for Pernod Ricard

India is now the largest market by volume and second-largest by value for the French spirit maker Pernod Ricard, which owns popular brands such as Absolute, Chivas Regal, and Glenlivet, said its India MD Jean Touboul on Wednesday. The India market, which reported a 6.1 per cent growth in net sales in FY24, has become a "growth engine" for Pernod Ricard, he said. The French company also owns the IMFL portfolio of Royal Stag, Blenders Pride and Imperial Blue. Besides, India has become the second largest market for Scotch whiskey Glenlivet and Irish whiskey Jameson as the Indian whiskey market is witnessing premiumisation, Touboul told PTI in an interaction. The company is also increasing exports from India by taking its Seagram's portfolio of Royal Stag, Blenders Pride and Imperial Blue to around 70 markets from the present 40 countries, targeting the Indian diaspora. Pernod Ricard is also investing 200 million euros to build its biggest Asian distillery in Nagpur, Maharashtra, which

Pernod Ricard to sell Imperial Blue whisky, shift focus to premium labels

The world's second-largest spirits company has reportedly enlisted Goldman Sachs to facilitate the sale, which could fetch up to Rs 5,000 crore

Pernod India counsel resigns for Google amid antitrust, criminal probes

Bijoya Roy was part of Pernod India's leadership team and also led its compliance division

Centre plans tougher ad curbs on liquor makers such as Carlsberg, Pernod

Now they could bring fines for companies and bans for celebrities endorsing tobacco and liquor ads deemed misleading, according to the top civil servant for consumer affairs

Delhi officials reject Pernod liquor licence appeal, cite investigations

The rejection adds to Pernod's India woes, with the French drinks group facing two antitrust cases in India while it also contests a tax demand for nearly $250 million

New Delhi rejects Pernod Ricard's liquor licence application: Report

Pernod's brands, including Chivas Regal and Absolut vodka, have not been available in the city since late 2022 after a previous licence application was rejected in April last year

CCI checks if Pernod colluded with New Delhi retailers to boost mkt share

Competition Commission of India is reviewing the case and can order a full investigation, or dismiss the accusations if not borne out, said a source

Pernod Ricard banks on dynamic Q4 as US and China drag on sales in Q3

But the world's No.2 western-style spirits maker on Thursday pointed to a "soft" Lunar New Year in China, when huge celebrations normally boost spirits sales

Pernod Ricard India to invest Rs 1,800 crore to set up malt distillery

The distillery, one of the biggest in India, will have a capacity of up to 60,0000 litres per day and 13 million litres annually

Indian market is a story of premiumisation, says Pernod Ricard India CEO

Jean Touboul, chief executive officer (CEO), Pernod Ricard India, speaks about India being one of the important markets globally

Pernod Ricard's H1FY24 sales in Indian mkt up 4%, expects high growth in H2

French spirit maker Pernod Ricard has reported a 4 per growth in sales in the Indian market during the first half of the current financial year. The company, which follows July to June fiscal year, has witnessed a "strong market demand for spirits" in India, according to the latest earnings statement from Pernod Ricard. Moreover, a "strong growth" is expected in the second half (January to June 24) from India, which is the second largest market globally for Pernod Ricard after the US. Its international brands Jameson, Absolut and The Glenlivet reported a "very strong growth" in the Indian market during the period, the company said. Besides, its Indian whisky portfolio Seagram's which includes IMFL (Indian-made foreign liquor) brands such as Blenders Pride, Imperial Blue and Royal Stag also reported over 4 per cent growth in sales, Pernod Ricard added. The company had an "acceleration in Q2 net sales against easing comparables", according to the earnings statement. Globally in the

India's love of homegrown single malts is shaking up Pernod, Diageo

As India comes into its own as a maker, not just consumer, of whisky, its single malts are reshaping the country's $33 billion spirits market

Liquor maker Pernod Ricard India rakes in Rs 25,000 crore revenue in FY23

Spirits maker Pernod Ricard India has posted a revenue of over Rs 25,000 for 2022-23, registering a 10 per cent growth on an annual basis. The company, which owns popular brands such as Absolut, Chivas Regal, and Glenlivet, however, saw an 8 per cent decline in profit to Rs 1,340.22 crore in FY23. It had posted a profit of Rs 1,457.98 crore in FY22. The company's consolidated revenue from operations in FY23 was Rs 25,039.47 crore, 10.1 per cent higher than Rs 22,741.40 crore a year ago, according to financial data accessed by business intelligence platform Tofler. Pernod Ricard India has paid a total excise duty of Rs 13,112.61 crore in FY23, almost 2 per cent higher than Rs 12,857.74 crore a year earlier, as per the data. The total tax deposited by Pernod Ricard during 2022-23, was at Rs 19,002 crore, which is 76 per cent (approx) of its revenue from operations towards taxes & duties (direct & indirect) to the Centre and state governments, it said. Pernod Ricard India's total

Pernod Ricard aims threefold jump in sales in Indian market by next decade

French Spirits maker Pernod Ricard expects a threefold jump in its sales in the Indian market by next decade, led by macroeconomic tailwinds, favourable demographic dividend and growing premiumisation in IMFL and imported brands here. According to Pernod Ricard India MD Jean Touboul, the Indian market, currently ranked at number two globally, has the potential to become a leader in the next 10-15 years, replacing the US market, for the company. "We are growing faster with the tailwinds in macroeconomics, in demographic and well India being the most populous country on earth, I am personally convinced that yes, we will be the market number one in Pernod Ricard at some point," Touboul told PTI. However, he also added: "I just cannot tell you if it will be in 10 years, 15 years, that is not easy to predict but my conviction is that yes, one day India will be the market number one for Pernod Ricard." Pernod Ricard is having a double-digit growth both for IMFL and strong double-digit ..

Pernod Ricard faces India antitrust probe for boosting market share

The Competition Commission of India (CCI) has been pursuing the matter actively since early this year after senior members reviewed the case filed by Pernod's Indian rival, Radico Khaitan

Pernod Ricard eyes premium spirit market in India with local brands

The second-largest distiller in the world has already produced an Indian single malt and may be expanding its portfolio in light of growing demand

Court declines to entertain Pernod appeal to renew liquor sale licence

India's federal financial crime agency has accused the company of illegally making profits by giving false information to Delhi

Pernod Ricard's India head of corporate affairs Yashika Singh quits

Singh, who headed corporate affairs for the Indian market, with focus on regulatory matters, including related to manufacturing and government policy, resigned last week

Pernod Ricard India and NSDC to provide skill training to 240 transpersons

It will be a placement-linked skill training programme where candidates will get skill training across job roles