Pernod Ricard Eyes India IPO as Sales Fall in US and China
India has overtaken China as Pernod Ricard’s second-biggest market, with the CEO saying the company is weighing an initial public offering for its India business as the board continues discussions. He noted US sales fell 14% and China sales dropped 19%, while global travel retail declined 3% in FY26 despite strong brand activations across Asia and dynamic traveller numbers.