Pernod Ricard - ADR

Pernod Ricard reported a robust performance in fiscal year 2024, with organic net sales broadly stable at -1% (excluding the exit from Russia, it would have been +1%). Profit from recurring operations grew organically by +1.5%.

The company experienced sequential volume recovery throughout the second half of the fiscal year in most markets, indicating strength in its business.

Pricing, operational efficiencies, and cost discipline led to organic gross margin expansion of 108 basis points and organic operating margin expansion of 80 basis points.