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The Economic Times
The Economic Times
Business

Pernod Ricard India sales grow 19% in Sept qtr; IPO plan awaits board approval

Pernod Ricard IPO India United States Absolut Ballantine China Jameson Seagram

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".

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