Ticker: RI.PA

Pernod Ricard posts a 5.9% sales drop in H1, with signs of recovery in Q2 driven by India and travel retail. Cost cuts and margin defense remain in focus as fiscal 2026 remains a transitional period.

Pernod Ricard (Euronext: RI) shares rose as management flagged stabilizing sales in the US and China. Pricing, premiumisation and cost discipline offset volume headwinds, making a slow recovery plausible.