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regular-article-logo Tuesday, 16 April 2024

Pernod Ricard reports 4 per growth in sales as market demand for spirits surges in India

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

Our Bureau And PTI New Delhi Published 18.02.24, 11:31 AM
high spirits

high spirits Sourced by the Telegraph

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 the July to June fiscal year, has witnessed a strong market demand for spirits in India, according to its latest earnings statement.

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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.

Besides, its Indian whisky portfolio Seagram’s, which includes Indian-made foreign liquor brands such as Blenders Pride, Imperial Blue and Royal Stag, also reported an 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.

PTI

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