Pernod Ricard Reports Q1 FY26 Sales Decline Amidst Global Market Challenges

Pernod Ricard revealed a challenging start to the fiscal year, with Q1 FY26 organic net sales dropping by 7.6% and reported sales by 14.3%, totaling €2,384 million. Key markets, including the USA and China, faced significant declines. In the USA, net sales decreased due to inventory adjustments, while China's sales fell sharply amidst a weak macroeconomic climate and consumer sentiment. However, India showed strong growth, except in Maharashtra, affected by changes in excise policies.

The company is optimistic about improvements in its global travel retail sector, especially with the resumption of Cognac sales in China Duty Free. Despite setbacks in its primary markets, Pernod Ricard recorded positive sales momentum in Canada, Turkey, Japan, and South Africa. Looking ahead, the company aims to improve organic net sales trends in the second half of FY26 and maintains its commitment to strategic investments.