Pernod Ricard

The company has been selective in who it sells assets to and a sale may not happen, the person cautioned

China has already imposed temporary tariffs on European brandy imports, hurting Pernod's sales of its Martell cognac brand

Pernod is contesting a $250 million India tax demand for allegedly undervaluing imports and also faces an investigation into violations of New Delhi city's liquor policy

Pernod Ricard responds to reports of CCI raids over alleged retailer collusion to promote whisky brand

The case was triggered by a 2022 complaint by Indian rival Radico Khaitan, which accused Pernod of colluding with retailers not to stock a Radico whisky brand

Liquor companies and retailers in Telangana have been accused of entering into cartel-like agreements to manipulate prices and market shares

Enforcement Directorate, in Jan. 2023 accused Pernod Ricard India (PRI) of engaging in money laundering by unlawfully facilitating $24 million in corporate guarantees

PRI lobbied New Delhi officials in favour of a 2021 law that allowed private retailers to run liquor shops

Pernod Ricard has become the largest Indian spirit maker in India in terms of revenue, with a consolidated sales revenue of Rs 26,773.22 crore in FY24, pushing its rival Diagio-owned United Spirits to the second spot, according to a regulatory filing. United Spirits Ltd (USL) reported Rs 26,018 crore in revenue from operations for the fiscal ended on March 31, 2024, as per the regulatory filings on stock exchanges. Pernod Ricard India Pvt Ltd (PRI) has reported an overall 6.9 per cent increase in its revenue from operations for FY24, and its profit rose 20.9 per cent to Rs 1,620.58 crore, according to the Registrar of Companies data accessed by business intelligence platform Tofler. The total income of PRI surged 7.09 per cent to Rs 26,936.51 crore for the financial year ended March 2024. USL reported a total income of Rs 26,243 crore for FY24. Pernod Ricard India, which owns popular brands like Absolute, Chivas Regal, and Glenlivet, is a fully-owned subsidiary of Pernod Ricard So

Wine maker Pernod Ricard India on Monday said it will set up a malt distillery and maturation facility in Maharashtra as part of the company's plan to invest up to Rs 1,785 crore in 10 years. The ground-breaking (Bhoomi Pujan) ceremony for the upcoming plant was held at Butibori, Nagpur in the presence of the state's Deputy Chief Minister Devendra Fadnavis, the company said in a statement. It is a significant first step in the realisation of the company's Memorandum of Understanding (MoU) with the government of Maharashtra, signed on February 23, 2024, the statement said. The agreement also underscores Pernod Ricard's commitment to India, backed by a projected investment of up to Rs 1,785 crore over a span of 10 years, the company said, adding that it has already committed about Rs 100 crore of investment in the state. The upcoming plant, the company's largest in Asia with annual production capacity of 13 million pure alcoholic litres, will produce world-class malt spirit, it ...

Working to get back to Delhi market soon, says India CEO

India is now the largest market by volume and second-largest by value for the French spirit maker Pernod Ricard, which owns popular brands such as Absolute, Chivas Regal, and Glenlivet, said its India MD Jean Touboul on Wednesday. The India market, which reported a 6.1 per cent growth in net sales in FY24, has become a "growth engine" for Pernod Ricard, he said. The French company also owns the IMFL portfolio of Royal Stag, Blenders Pride and Imperial Blue. Besides, India has become the second largest market for Scotch whiskey Glenlivet and Irish whiskey Jameson as the Indian whiskey market is witnessing premiumisation, Touboul told PTI in an interaction. The company is also increasing exports from India by taking its Seagram's portfolio of Royal Stag, Blenders Pride and Imperial Blue to around 70 markets from the present 40 countries, targeting the Indian diaspora. Pernod Ricard is also investing 200 million euros to build its biggest Asian distillery in Nagpur, Maharashtra, which

The world's second-largest spirits company has reportedly enlisted Goldman Sachs to facilitate the sale, which could fetch up to Rs 5,000 crore

Bijoya Roy was part of Pernod India's leadership team and also led its compliance division

Now they could bring fines for companies and bans for celebrities endorsing tobacco and liquor ads deemed misleading, according to the top civil servant for consumer affairs

The rejection adds to Pernod's India woes, with the French drinks group facing two antitrust cases in India while it also contests a tax demand for nearly $250 million

Pernod's brands, including Chivas Regal and Absolut vodka, have not been available in the city since late 2022 after a previous licence application was rejected in April last year

Competition Commission of India is reviewing the case and can order a full investigation, or dismiss the accusations if not borne out, said a source

But the world's No.2 western-style spirits maker on Thursday pointed to a "soft" Lunar New Year in China, when huge celebrations normally boost spirits sales

The distillery, one of the biggest in India, will have a capacity of up to 60,0000 litres per day and 13 million litres annually