The Latest Breaking News from Pernod Ricard

India probing Pernod, Diageo Scotch imports under India-UK trade pact, sources say

Indian tax officials are investigating Pernod Ricard and Diageo for how they classified bulk Scotch imports. These companies may have improperly benefitted from reduced tariffs under a recent trade agreement. Tax inspectors made surprising visits to both companies' offices to gather information about their practices. The investigations are part of…

The Economic Times · Oct 19

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

Pernod Ricard has demonstrated remarkable sales growth of 19 percent in India for the September quarter, driven by strong market demand and ongoing premiumisation trends. The company's preparatory measures for a potential IPO have positively influenced sales. Despite declines in the US and China, India remains a focal market. The…

The Economic Times · Oct 15

Global Market: European shares fall as global tech selloff, rate fears weigh on sentiment

European shares faced a decline as technology stocks led the losses amid global selloffs and rising borrowing costs. The pan-European STOXX 600 index reported a 0.35% drop, reflecting investor sentiment adjustments after strong US inflation data. Companies involved in artificial intelligence investments experienced increased pressure, especially regarding their financing needs.…

The Economic Times · Oct 15

Pernod Ricard blames weak US, Chinese markets for 26% profit fall

Pernod Ricard has seen a significant decline in profits, primarily driven by soft market conditions in the US and China. The company's annual earnings faced challenges due to rising tariffs and a 14% drop in turnover linked to currency fluctuations.

The Economic Times · Aug 27

FSSAI inspects Pernod Ricard plant, collects whisky samples in wider industry probe

Pernod Ricard's Bengaluru plant was inspected by India's food safety regulator, with officials collecting liquor samples and seeking documents as part of heightened scrutiny of the country's alcohol sector. Sources said the company was asked to improve hygiene and correct recycled-plastic markings, though no adverse findings have been issued against…

The Economic Times · Aug 19

Brown Forman Q4 Earnings Call Highlights

Brown Forman (NYSE:BF.A) said it finished fiscal 2026 ahead of its organic expectations, despite continued pressure from weaker discretionary spending in the U.S. and developed international markets, lower used barrel sales and the ongoing absence of American spirits from many Canadian shelves. Pre

MarketBeat · Jun 4

Delhi HC rejects Pernod Ricard's plea against denial of L1 liquor licence

The Delhi High Court has rejected Pernod Ricard's plea for an L1 wholesale liquor licence. The French spirits giant faced denial due to a pending money laundering case. Pernod Ricard argued that without a conviction, it should not be disqualified. The court's decision upholds the Delhi government's stance.

The Economic Times · May 29

Pernod’s Delhi drought deepens as Indian court rejects liquor sales plea

A French liquor giant's bid to restart sales in New Delhi has been denied by an Indian court. This marks three years since the company's products were unavailable in the capital. Pernod Ricard faces ongoing legal and tax challenges in India, its largest global market by volume. The company denies…

The Economic Times · May 29

Forget limoncello! How Lillet became the fruity, floral drink of the summer

In 2008, only 70,000 cases of this classic French aromatised wine were sold. In 2024, that boomed to 1.3m. What accounts for its sudden enormous resurgence?

The Guardian - UK · May 27

Why Pernod Ricard is facing heat in one of its most crucial liquor markets

French liquor giant Pernod Ricard faces significant hurdles in India, its largest global market by volume. The company is embroiled in a massive federal tax dispute and an antitrust investigation. Additionally, Pernod is under scrutiny from India's financial crime agency regarding alleged collusion in Delhi's liquor license auctions.

The Economic Times · May 27