Pernod Ricard India IPO: Here's what the company said on listing plans

Pernod Ricard India IPO: French wine and spirits major Pernod Ricard on Tuesday said that no decision has been made on the stock market debut of its Indian unit. The company, however, stated that it is exploring options to create shareholder value.

However, it also said it regularly "assesses and evaluates" its strategic opportunities and is continuously exploring options to create value for its shareholders, including optimising its capital structure.

Pernod Ricard India, the company's local subsidiary, is the leading Indian alco-bev player. It had posted a revenue of ₹27,445.80 crore in the financial year 2024-25. The net profit stood at ₹1,734.59 crore. It has grown at a high single-digit CAGR (compound annual growth rate) of 8% over the last five years.

Pernod Ricard India has recently divested its Imperial Blue business to Tilaknagar Industries. Now, the local unit's Seagram profile consists of the brands Blenders Pride, 100 Pipers, Royal Stag, Longitude 77, and the newly launched 'Xclamat!on'.

While replying to a query over any possibility of an IPO of its India business, Pernod Ricard's global management, in an earnings call in February 2026, had said it is not part of their deleveraging strategy.

"What I can tell you is that the intention that I shared earlier today, which is to leverage and to bring with a net debt EBITDA ratio below 3 by 29, does not include an assumption of a listing in India," its CFO Helene de Tissot had said.

India is the largest market for Pernod Ricard globally by volume due to strong sales of brands like Royal Stag, Blenders Pride, and premium imports such as Chivas Regal and Glenlivet. By value, India ranks second after the United States, having surpassed China due to rapid premiumisation trends and contributing around 12-13% to global revenues.

"We are expecting a strong H2 for India, which is obviously a very exciting market for us. Number 2 market, and there would be some acceleration in H2, because the momentum is great, and we have, as well, the stronger top-line ambition," it said.

What alcobev companies are publicly listed in India?

Several alcobev companies are listed on the Indian stock exchanges. The key companies include United Spirits, United Breweries, Radico Khaitan, Tilaknagar Industries, Allied Blenders & Distillers and GM Breweries.