22 Feb 2026 | 3 Mins Read
Pernod Ricard dismisses potential India IPO despite 4% sales boost
Flipitmoney
Pernod Ricard ruled out an IPO of its India business, despite posting 4% net sales growth and signaling stronger growth for the second half of FY26. The company aims to bring its net debt-to-EBITDA ratio below 3x by FY29 without listing its largest market by volume, India, which contributes 12-13% of global revenues.