Pernod Ricard, FR0000120693

Pernod Ricard reported 0.9 percent sales drop. Pernod Ricard stock trades below its Xetra close

Published on 10/19/2026 at 10:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

India sales rose 19 percent in Q1 FY27, offsetting US and China declines. Pernod Ricard stock costs EUR 68.15 versus the EUR 68.46 Xetra close.

Sales outlook and market reaction

First-quarter organic sales fell 0.9 percent on October 15, 2026.
DBS set a EUR 59.00 target with a Sell rating on October 16, 2026.
Pernod Ricard stock traded at EUR 68.15 at 10:07 a.m. CEST at Lang & Schwarz on October 19, 2026, minus 0.45 percent versus the Xetra close of October 16, 2026.
The Annual General Meeting is scheduled for November 20, 2026.

Handelsraum mit CAC-40-Charts und Pariser Skyline, Pernod Ricard S.A. FR0000120693 Börse — Börsen-Editorial zeigt den Handelsraum der Euronext Paris mit CAC-40-Charts von Pernod Ricard S.A. FR0000120693, Illustration mit AI erstellt.

Pernod Ricard stock (ISIN FR0000120693) was trading at EUR 68.15 at Lang & Schwarz on October 19, 2026, at 10:07 a.m. CEST, down 0.45 percent versus the Xetra close of October 16, 2026 at EUR 68.46. The spirits group reported a smaller-than-expected first-quarter sales decline on October 15, 2026, while keeping its full-year outlook, according to Pernod Ricard.

Q1 sales show a divided map

Net sales reached EUR 2,234 million in the first quarter of fiscal year 2027, down 0.9 percent organically and 6.3 percent on a reported basis. The company said US sales fell 10 percent and China sales declined 25 percent as inventory adjustments weighed on both markets.

India provided the clearest counterweight, with sales up 19 percent. Outside the US and China, Rest of World sales grew 4 percent, while group volumes increased 6 percent. This split matters because the strongest growth came from markets that partly offset the two largest current pressure points.

What does the outlook mean for margins?

Pernod Ricard expects organic sales to remain broadly stable in fiscal year 2027 and projects average organic growth near the lower end of its 3 percent to 6 percent medium-term range through fiscal year 2029. The company also targets organic operating margin expansion and a net debt to EBITDA ratio below 3 times by fiscal year 2029, according to the October 15 release.

Reuters reported on October 15, 2026, that the quarterly decline was smaller than the 1.7 percent fall expected in the company-compiled analyst poll. The report also said finance chief Mauve Croizat expected inventory adjustments in the US and China to continue through the full year, keeping execution in those markets central to the investment case.

Targets keep the valuation debate open

DBS analyst Zheng Feng Chee maintained a Sell rating and set a EUR 59.00 price target on October 16, 2026, according to Markets Insider. The target is 13.42 percent below the Lang & Schwarz price, leaving the market focused on whether India and improving underlying China trends can offset the US weakness.

Upcoming dates for shareholders

Pernod Ricard's Annual General Meeting is scheduled for November 20, 2026, followed by first-half fiscal year 2027 sales and results on February 18, 2027, according to the company's investor calendar. These dates give investors the next formal checkpoints for the stable-sales outlook and the group's margin and balance-sheet targets.

Stock stays below the Xetra close

The current quote leaves Pernod Ricard EUR 0.31 below the Xetra close of October 16, 2026. The stock's 52-week range is EUR 57.90 to EUR 90.20, while market capitalization stands at EUR 17.2 billion as of October 19, 2026.

Pernod Ricard was trading at EUR 68.15 at Lang & Schwarz on October 19, 2026 at 10:07 a.m. CEST, minus 0.45 percent versus the Xetra close of October 16, 2026 at EUR 68.46. The further course of trading is shown by the continuously updated real-time quote of Pernod Ricard stock.