Pernod Ricard stock gains as India offsets US and China weakness
Published on 11/07/2026 at 12:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIndia leads a divided regional picture
- India sales rose 19 percent in the first quarter, while the United States declined 10 percent and China fell 25 percent.
- Management expects full-year organic sales to remain broadly stable amid continued regional differences.
- India's Scotch tariff dispute with the government could affect costs and competitive conditions for spirits producers.
Pernod Ricard's first-quarter sales showed a sharply divided regional picture, with India providing a strong counterweight to weakness in the United States and China. In its Q1 FY27 sales release, published October 15 and updated November 6, the spirits group reported organic net sales down 0.9 percent to 2.234 billion euros.
Growth gaps shape the outlook
India sales rose 19 percent, supported by strong consumer demand, premiumisation and broad-based gains across imported and local spirits. Sales in the United States fell 10 percent and China declined 25 percent, with inventory adjustments weighing on both markets. Outside those two countries, sales grew 4 percent.
Pernod Ricard said underlying depletions in China returned to growth ahead of the Mid-Autumn Festival. Management expects full-year organic net sales to remain broadly stable, while continued declines in the United States and China are expected to be offset by positive momentum elsewhere, particularly India.
Tariff dispute remains a risk
India's Scotch whisky tariff dispute added a separate policy risk during the week. Reuters reported on November 2 that India assured industry executives it would honour the UK trade pact and resolve a dispute over whether bulk Scotch imports qualify for the reduced tariff. Pernod Ricard is among the companies exposed to the issue.
Pernod Ricard stock traded at 70.57 euros on Lang & Schwarz at 12:20 CET on Saturday, November 7, 2026, 1.44 percent below the Xetra close of Thursday, November 5. The Xetra close rose 6.17 percent from 67.44 euros on Friday, October 30, to 71.60 euros on Thursday, November 5.
Investors can follow the real-time quote of Pernod Ricard stock as the market weighs Indian momentum against the pace of recovery in the United States and China.
The CAC 40 provides the relevant French market backdrop for Pernod Ricard.
Pernod Ricard stock at a glance
- Company: Pernod Ricard S.A.
- ISIN: FR0000120693
- Xetra ticker: PER.DE
- Lang & Schwarz quote: 70.57 euros at 12:20 CET on November 7, 2026
- Daily comparison: 1.44 percent below the Xetra close of 71.60 euros on November 5, 2026
- Weekly Xetra comparison: 6.17 percent above the close of 67.44 euros on October 30, 2026
