The Indian unit of the world’s second largest distiller Pernod Ricard has been consecutively posting profits. The Indian operations continued strong growth, and last fiscal, Pernod Ricard crossed the Rs 10,000-crore annual sales mark in India, making the country its third-largest market, ahead of its home market France.
The company over the last three years had been consistently growing sales by over 15% on the back of premium brands even as the overall market slumped to less than 3% during the same period.
Pernod Ricard’s portfolio is exclusively focused on the more profitable premium Indian whiskies, dominating the segment with about 48% market share.