Pernod Ricard Dominates Indian Spirits Market

Pernod Ricard has surpassed United Spirits as the largest spirit maker in India by revenue, reaching Rs 26,773.22 crore in FY24. This growth is supported by an increase in total income and profit, reflecting India's status as a key market. Pernod Ricard is planning major investments in India.

Pernod Ricard has emerged as the top spirit maker in India, outpacing United Spirits with a fiscal year 2024 revenue of Rs 26,773.22 crore, as detailed in regulatory filings. United Spirits, previously the leader, reported a downturn to Rs 26,018 crore.

Pernod Ricard India Pvt Ltd achieved a 6.9% rise in operational revenue, reaching a profit increase of 20.9% to Rs 1,620.58 crore, based on data from the Registrar of Companies, accessed via Tofler.

Long-term growth appears promising, with Pernod Ricard investing 200 million euros to establish its largest Asian distillery in Nagpur, a strategic move to enhance exports, particularly Longitude 77, the company's Indian single malt whiskey.

(With inputs from agencies.)