Pernod Ricard India sales grow 19% in Sep quarter; IPO plan awaits approval

French spirits maker Pernod Ricard, which on Thursday reported a 19 per cent sales growth in India for the September quarter, said its proposed initial public offering (IPO) in the country remains under discussion and is awaiting board approval.

Pernod Ricard said double-digit sales growth in the first quarter of financial year 2027 in the India market, its second largest globally after the US, is "driven by strong demand and continuing premiumisation" as "the market continues to enjoy dynamic consumer fundamentals".

Pernod Ricard's financial year runs from July 1 to June 30.

"Growth is broad-based across the portfolio, with imported spirits in very strong double-digit growth, including Jameson, Absolut and Ballantine's, and with strong double-digit growth from Seagram's whiskies Royal Stag and Blenders Pride," said the company's earnings statement.

Pernod Ricard said preparatory steps for a potential IPO in India had resulted in a favourable pipeline-filling effect, contributing