Pernod Ricard reported first-quarter fiscal 2027 net sales of €2,234m on October 15, 2026. Organic sales fell 0.9%, while reported sales dropped 6.3%, hit by the disposal of Imperial Blue and Wines and by currency moves. Sales fell 10% in the US and 25% in China, both affected by inventory adjustments. Excluding those two markets, sales grew 4%. India rose 19%, and volumes overall grew 6%. The company expects broadly stable organic net sales for the full year. It aims for average organic growth near the lower end of a 3% to 6% range over fiscal 2027 to 2029, and a net debt to EBITDA ratio below 3x by fiscal 2029. It is also preparing for a potential IPO of its Indian business, subject to board approval.

Pernod Ricard reported a difficult year, with net profit attributable to shareholders falling 26% to €1.203 billion for the year ended June 30. Net sales dropped 14.2% to €9.404 billion on a reported basis, with organic sales declining 3.9%. The French spirits group, which owns Absolut vodka, Jameson, and Martell, faced significant headwinds in key markets. US sales fell 14%, whilst China dropped 19%, hurting premium spirits performance. Martell declined 12%, Havana Club fell 20%, and Jameson dropped 3%. Asia revenue fell 15% to €3.920 billion, the Americas declined 18% to €2.584 billion, and Europe dropped 9% to €2.900 billion. India provided a bright spot, growing 7%. Pernod shares fell around 5% to 6% following the announcement, trading near €64.

Pernod Ricard, the French distiller behind Jameson and Absolut vodka, reported sales of €9.4 billion for the 12 months through June, down 14% from the previous year. The company warned that continued weakness in the US spirits market will keep sales growth at the lower end of its 3%-6% annual target over the next three years. Sharp declines in the US and China dragged overall performance, though India showed strong growth. The company said American consumers face economic pressures and subdued confidence, whilst China's cognac sales have been hit by drinking restrictions on public officials. Pernod is cutting €1 billion in costs by 2028 and expanding ready-to-drink products to attract younger consumers. Shares fell over 7% following the announcement.