Pernod Ricard is reportedly exploring the possibility of listing its Indian operations on the stock market, according to information from Bloomberg News. The French group has begun discussions with advisers to assess the potential for a separate initial public offering of Pernod Ricard India. However, these considerations remain at a preliminary stage, and the group has not commented on the reports at this time.
Present in the Indian market with brands such as Chivas Regal and Absolut, Pernod Ricard faces intense competition there, notably from Diageo. This potential move comes at a sensitive time for the group, which is currently the subject of antitrust proceedings in India and is involved in a case concerning alleged violations of local alcohol regulations. Pernod Ricard denies any wrongdoing. Listing its Indian subsidiary could allow Pernod Ricard to better realize the value of its assets in a growing market while addressing local regulatory challenges.
Pernod Ricard is the world's No. 1 in the production and marketing of Premium and Prestige spirits and wines. Net sales break down by family of products as follows:
- spirits and champagnes of strategic international brands (61.3%): Absolut (12.3 million cases sold in 2024/25), Jameson (11.2 million), Ballantine's (9.1 million), Chivas Regal (4.8 million), Ricard (4.2 million), Malibu (4.1 million), Beefeater (3.3 million), Havana Club (3.3 million), Martell (1.9 million), The Glenlivet (1.4 million), Perrier-Jouet (0.3 million) and Royal Salute (0.2 million);
- local strategic brands' spirits (18.4%): Seagram's, Kahlua, Olmeca, Seagram's Gin, Ramazzotti, Imperial, and Pastis 51 brands, etc.;
- speciality brand's craft spirits (7.3%): Italicus, Lillet, Pernod, Suze, Augier, Malfy, Jefferson's, Powers and Redbreast brands, etc.;
- strategic wines (4%): Jacob's Creek, Kenwood, Brancott Estate, Campo Viejo, Church Road, George, St Hugo, Stoneleigh, Ysios and Wyndham brands;
- other (9%).
At the end of June 2025, the group has 94 production sites worldwide.
Net sales are distributed geographically as follows: Europe (28.9%), Americas (28.8%) and other (42.3%).
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