Pernod Ricard Reports 11% Revenue Growth in India for Q1 2026

Pernod Ricard has announced an impressive 11% revenue growth in India for the March quarter of 2026, largely attributed to the sale of its Imperial Blue brand and a surge in consumer demand for premium alcoholic beverages. The company, which operates on a July-June financial year, continues to thrive in the Indian market, which is its largest by volume. With strong performances from both imported and local brands, Pernod Ricard's growth reflects the dynamic nature of the Indian spirits market. This article delves into the factors contributing to this success and the company's future outlook.

By Narendra Chaudhary Apr 17, 2026, 17:28 IST

Pernod Ricard's Impressive Growth in India

Pernod Ricard, a leading French alcoholic beverage company, announced an 11% increase in revenue for the March quarter of 2026, as detailed in its earnings report. This growth was significantly influenced by the sale of its Imperial Blue brand. Additionally, the rising consumer demand and a trend towards premium products in the Indian alcobev sector contributed to this positive performance. The company operates on a financial year that runs from July to June, with India being its largest market by volume and the second-largest by value. Pernod Ricard is known for its well-regarded brands, including Absolut, Chivas Regal, and Glenlivet.

According to Pernod Ricard's earnings statement, "Q3 benefited from strong underlying demand and continuing premiumisation, along with the disposal of the Imperial Blue business." The company's imported spirits, such as Jameson and Absolut, experienced robust double-digit growth, while local brands from the Seagram's portfolio, including Blenders Pride and the newly introduced 'Xclamat!on' range, also saw significant increases.

Pernod Ricard has been a major player in the Indian market since acquiring the Seagram's India business nearly 25 years ago, which continues to be a substantial contributor to its revenue and volume. Earlier this year, Pernod Ricard India (PRI) sold its Imperial Blue brand to Tilaknagar Industries, leaving its Seagram's portfolio with brands like Royal Stag, Blenders Pride, 100 Pipers, Longitude 77, and the new 'Xclamat!on'.

The company noted that the Indian spirits market is thriving, supported by strong consumer fundamentals. For the year-to-date growth in the last months of the financial year 2026, Pernod Ricard reported a 6% increase. On a global scale, the company's Q3 net sales reached €1.94 billion, reflecting a modest organic growth of 0.1%. For the July-March period, net sales totaled €7.1 million, with an organic decline of 4.4%. In the financial year 2025, Pernod Ricard India emerged as the top player in the Indian alcobev market, achieving revenues of ₹27,446 crore and maintaining a high single-digit CAGR of 8% over the past five years.