Companies news
Pernod Ricard India Revenue Up
The maker of Absolut vodka and Chivas Regal scotch had gross sales of Rs 20,335 crore in the year-to-March 2019, latest filing sourced from Veratech showed. Pernod's growth numbers outpaced Diageo's Indian business that grew 10% in revenues.
The world’s second largest distiller Pernod Ricard saw its India revenues jump 27% in FY18-19, indicating a strong demand for its premium brands on a favourable base. However, profit growth at 6% slowed down significantly due to increased taxation and one-upmanship with its largest rival Diageo.
The maker of Absolut vodka and Chivas Regal scotch had gross sales of Rs 20,335 crore in the year-to-March 2019, latest filing sourced from Veratech showed. Pernod's growth numbers outpaced Diageo's Indian business that grew 10% in revenues at Rs 28,512 during the same period.
The French liquor firm's net profit at Rs 1,303 crore was nearly double that of its larger rival, United Spirits (Rs 659 crore) during the year. USL has over 100 brands in its portfolio such as Bagpiper and DSP Black and the top 15 brands contribute over 80% to its sales led by McDowell and Celebration.
Source : The Economic Times
