Pernod Ricard CEO Alexandre Ricard confirmed there is no new development regarding a potential listing of the company’s India unit, calling it one of many options reviewed annually. He emphasized India’s importance as a growth market, projecting a return to high single-digit sales growth driven by premiumization and strong demand.
French spirits giant Pernod Ricard SA (PERP.PA), maker of Absolut vodka and Chivas Regal whisky, has clarified its stance on the much-speculated India unit listing. CEO Alexandre Ricard stated that while listing remains one of several options considered each year, there is currently “nothing new on the horizon.”
India, Pernod Ricard’s largest market by volume and second-largest by value, continues to be a strategic growth hub. Ricard highlighted expectations of high single-digit sales growth, supported by premiumization trends and rising consumer demand. Despite speculation, the company remains focused on strengthening its portfolio in India rather than pursuing immediate structural changes.
Key Highlights
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India Listing: No immediate plans; reviewed annually as part of strategic options.
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Growth Outlook: India expected to return to high single-digit sales growth.
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Market Position: India is Pernod Ricard’s largest market by volume, second-largest by value.
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Strategy: Focus on premium brands and innovation to sustain momentum.
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Global Context: Shares in Pernod Ricard have declined ~17% in Paris over the past year.
Sources: Bloomberg, CNBC-TV18, Global Banking & Finance Review