Furthermore, the rising consumer demand and premiumisation in the Indian alcobev market contributed positively, according to Pernod Ricard’s third-quarter earnings. The company operates on a financial year from July to June.
India stands as the largest market by volume and the second-largest by value for the French spirit maker, which boasts popular brands like Absolut, Chivas Regal, and Glenlivet.
“The third quarter benefited from strong underlying demand and ongoing premiumisation, along with the sale of the Imperial Blue business,” stated Pernod Ricard in its earnings report.
Their imported spirits, including Jameson, Absolut, and Scotch brands, experienced significant double-digit growth. Additionally, local brands from Seagram’s portfolio, such as Blenders Pride, along with the newly launched “Xclamat!on” range of spirits, also demonstrated robust growth.
Pernod Ricard, which acquired the Seagram’s India business nearly 25 years ago, derives a substantial portion of its topline and volume from it.
This year, Pernod Ricard India (PRI) sold its Imperial Blue business to home-grown Tilaknagar Industries. Currently, PRI’s Seagram’s lineup includes brands like Royal Stag, Blenders Pride, 100 Pipers, Longitude 77, and the new brand ‘Xclamat!on’.
Pernod Ricard noted that the Indian “spirits market continues to exhibit dynamic consumer fundamentals.”
Pernod Ricard’s year-to-date growth for the closing months of the 2026 financial year was recorded at 6%.
Globally, Pernod Ricard reported Q3 net sales of €1.94 billion, reflecting an organic growth of just 0.1%.
From July to March, net sales reached €7.1 million, with an organic decline of 4.4%.
Pernod Ricard India remains the top player in the alcobev sector, achieving a revenue of ₹27,446 crore in the 2025 financial year. The company has experienced a healthy single-digit CAGR of 8% over the last five years.
