Pernod’s India business was resilient through the impact of Supreme Court’s ban on all liquor sales along highways. Pernod’s India business clocked a much slower 3% growth during the same six-month period in the previous year. But the faster pace of growth in India in the current reporting year is also enhanced by a low base, the company said. Pernod’s India business was resilient through the impact of Supreme Court’s ban on all liquor sales along highways. We are therefore increasing our guidance for full-year FY18 organic growth in profit from recurring operations to between 4% and 6%,” Ricard said.

Source: Mint February 08, 2018 10:18 UTC