Pernod Ricard's CEO has reported that the company's international spirits portfolio is experiencing notable growth in India. This growth is characterized as a "strong double-digit growth," which reflects the ongoing trend of premiumization within the Indian market.

Growth in the Indian Market

The CEO emphasized that this positive trend is indicative of a broader shift in consumer preferences towards higher-quality spirits. As more consumers in India seek premium products, Pernod Ricard is well-positioned to benefit from this change. The company's performance in India is a key component of its overall strategy, and the growth in this market is expected to contribute significantly to its revenue.

Tax Challenges and IPO Decision

Despite the encouraging growth figures, Pernod Ricard is facing some tax-related challenges that could impact its operations. However, the CEO remains optimistic about the company's ability to navigate these issues. Furthermore, the company has ruled out the possibility of an initial public offering (IPO) in India at this time. According to a report by NDTV Business (Profit), this decision reflects the company's current strategic focus and market conditions.

Overall, Pernod Ricard's outlook remains positive, with strong growth in India serving as a vital part of its future plans.