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Pernod Ricard India Achieves Record Revenue of Over Rs 25,000 Crore in FY23, Aims to Triple Revenue says Jean Touboul - Pernod Ricard India, the renowned spirits maker behind iconic brands like Absolut, Chivas Regal, and Glenlivet, has reported a robust performance in the fiscal year 2022-23, posting a record revenue of over Rs 25,000 crore. Despite the impressive 10% growth in annual revenue, the company faced an 8% decline in profit, settling at Rs 1,340.22 crore, compared to Rs 1,457.98 crore in the previous fiscal year. According to financial data accessed by business intelligence platform Tofler, Pernod Ricard India’s consolidated revenue from operations in FY23 reached Rs 25,

Pernod Ricard India Achieves Record Revenue of Over Rs 25,000 Crore in FY23, Aims to Triple Revenue says Jean Touboul - Pernod Ricard India, the renowned spirits maker behind iconic brands like Absolut, Chivas Regal, and Glenlivet, has reported a robust performance in the fiscal year 2022-23, posting a record revenue of over Rs 25,000 crore. Despite the impressive 10% growth in annual revenue, the company faced an 8% decline in profit, settling at Rs 1,340.22 crore, compared to Rs 1,457.98 crore in the previous fiscal year. According to financial data accessed by business intelligence platform Tofler, Pernod Ricard India’s consolidated revenue from operations in FY23 reached Rs 25,

Pernod Ricard India has become the country's largest alcohol firm by revenue, surpassing Diageo. The company's growth is driven by higher sales of its scotch brand 100 Pipers and Indian-made foreign liquor brands Blenders Pride and Royal Stag. Despite consumer pressures, India's resilience has contributed to Pernod Ricard's strong performance. #india #invest #investment #investinindia #gibf2024 #aatmnirbharbharat #makeinindia

India overtakes China as Pernod Ricard second-largest market, driven by premiumisation https://lnkd.in/e2QVBnvK #india #china #alcoholicbeverages #beverages #foodindustry #foodandbeverages #foodbusiness #foodbusinessafrica

India Emerges as a Key Growth Market for Pernod Ricard, Driving Long-Term Expansion. Jean Touboul, The Drinks Business, Pernod Ricard India, Pernod Ricard #PernodRicard #IndiaSpiritsMarket #GlobalExpansion #WhiskyInnovation #EmergingMarkets

📈 Pernod Ricard Becomes India’s Largest Alcohol Firm 🍾 Pernod Ricard, the French spirits giant, has officially surpassed Diageo to become India's largest alcohol firm. The company has experienced rapid growth in the Indian market, driven by strong consumer demand and an emphasis on #premiumization. With brands like Royal Stag, Blenders Pride, and Imperial Blue, it now contributes 12% of Pernod Ricard’s global revenue. India has become the second largest market for the company by #value, replacing China, and remains the #largest by #volume. The company’s strategic focus is clear: driving value over volume and tapping into India's evolving preference for premium brands like Glenlivet and Jameson. 📊 Key Insights: - India saw a 6.1% growth in net sales in FY24, continuing its momentum as a “growth engine” for the brand. - A $200M investment in its largest Asian distillery in Maharashtra showcases its commitment to boosting exports, especially of its Indian single malt whisky, Longitude 77. Pernod Ricard is poised for more growth, aiming for double-digit expansion, riding on India’s growing appetite for premium spirits. 🍸

Pernod Ricard now India’s biggest Alcohol firm: Jean Touboul the MD of Pernod Ricard said the company has become the country’s biggest alcohol firm, surge passing Diageo by revenue on the back of higher sales for its scotch brand 100 pipers & and liquor brands Blenders Pride and Royal Stag. India outpaced China to become 2nd largest market by sales for the company apart from USA being the first. Sales & Growth The sales from 22-23 of Rs.250.72bn increased to Rs.256.27bn in 23-24 by 6%. In comparison, Diageo net sales fell by 7% from Rs.276.52bn to Rs.257.24bn because it sold 32 lowered priced brands including Haywards, Old Tavern and White Mischief which accounted nearly for a fifth of its sales. During the last quarter, Pernod India’s growth stood around 8-9% YoY. The Indian business of Pernod contributes 12% to its global business. Pernod Ricard earns the majority of its sales from premium and semi-premium like Blenders Pride, Royal Stag and Imperial Blue. The company controls half of India’s premium whiskey market and 42% of the imported spirits market. #beverages #alcohol #pernodricard Rishabh Kale

"I See #India taking over the #US market" said Pernod Ricard CEO Jean Touboul at The Economic Times Times Now Summit 2024 "... with the alcohol beverage industry poised to expand by a staggering USD 64 Billion in the next five years." The House of Somrus bet on India starting 2014 before it was fashionable, we salute Jean Touboul 🙏 for his VISION. 25M+ new LDAs (legal drinking age consumers) in coming years, premiumization, rising purchasing power and #Innovation sum up the reasons WHY? We can't believe that The House of Somrus is the World's first line of India-inspired liqueurs and NOW the World's most awarded line of cream liqueurs. As they say, "1% strategy followed by 99% execution" as we enter India domestic market in 2024! 🙏 https://lnkd.in/gqq55ajd

#TimesNowSummit2024 | Pernod Ricard CEO Sees India As Key To Future Growth Amidst Global Beverage Industry Boom Dream Sports Pernod Ricard India Maruti Suzuki India Limited Jean Touboul

Hello connections, This article provides deep insights into the quality of Indian single malts. "Indian single malts overtake global giants for the first time" Top Indian brands: Amrut, Paul John, Rampur, Indri, Gianchand Top Global brands: Glenlivet, Macallan, Lagavulin, Laphroaig, Talisker Early estimates prepared by industry body Confederation of Indian Alcoholic Beverage Companies (CIABC) show that Indian single malts have cornered a 53% share in total sales. #data These numbers are seen as a milestone for homegrown players. (Refer to the image attached) The craze for Made in India brands has prompted Diageo and Pernod Ricard which source their single malts mainly from Scotland to join the launching local brands. (Diageo has introduced Bandawan in 2022 while Pernod recently launched Longitude 77) #madeinindiacraze There is panic among foreign brands as Indian companies are growing bigger. The quality of Indian based malts is really fantastic which is one of the main reasons for increased demand. #superbquality In India, younger audience is experimenting and gravitating towards niche products as they want new products and there is a lot of value in it. #youngeraudience Scottish makers are very traditional in their processes and Indian makers love to experiment. #differenceofperception Indian makers are able to dismiss the arrogance by Scottish puritans who swear by Scottish weather, water and barley. #indianmakers