Finance
Pernod Ricard Said to Begin IPO Process for India Unit, Bloomberg News Reports
Published by Global Banking & Finance Review®
Posted on April 20, 2026
1 min readLast updated: April 20, 2026
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Pernod Ricard has initiated preparations for a potential IPO of its Indian unit, engaging Goldman Sachs and Cyril Amarchand Mangaldas, though prior company comments and reports signal internal caution amid broader strategic priorities.
Pernod Ricard Initiates IPO Process for Indian Business, Bloomberg Says
Pernod Ricard's IPO Plans in India
Background and Report Details
April 20 (Reuters) - French distiller Pernod Ricard, which makes Absolut vodka, has begun working on a potential initial public offering of its Indian business, Bloomberg News reported on Monday citing people familiar with the matter.
Preparation and Advisory Firms
Pernod Ricard India Pvt Ltd has started preparation and is working closely with Goldman Sachs and legal firm Cyril Amarchand Mangaldas, the report added.
Verification and Reporting
Reuters could not immediately verify the report.
(Reporting by Angela Christy in Bengaluru; Editing by Diti Pujara)
Key Takeaways
- •Pernod Ricard’s India arm is reportedly in early-stage IPO planning, with Goldman Sachs and Cyril Amarchand Mangaldas onboard as advisors, according to Bloomberg and cited by Reuters on April 20 2026 (globalbankingandfinance.com).
- •The company had previously downplayed IPO intentions — CEO Alexandre Ricard stated in February 2026 there was “nothing new” regarding a listing and that it is one among many options under review (economictimes.indiatimes.com).
- •Pernod Ricard has reaffirmed its focus on deleveraging: CFO Hélène Bouvier emphasized reducing net debt-to-EBITDA to below 3x by 2029, explicitly excluding an India IPO from that plan (thespiritsbusiness.com).
References
Frequently Asked Questions about Pernod Ricard said to begin IPO process for India unit, Bloomberg News reports
1What has Pernod Ricard announced regarding its India unit?
Pernod Ricard has reportedly begun preparations for an initial public offering (IPO) of its Indian business.
2Which firms are advising Pernod Ricard on its India IPO?
Goldman Sachs and legal firm Cyril Amarchand Mangaldas are working closely with Pernod Ricard on the IPO.
3What product is Pernod Ricard known for?
Pernod Ricard is known for producing Absolut vodka among other brands.
4What is the source of the report on Pernod Ricard's IPO plans?
The information comes from Bloomberg News, citing people familiar with the matter.
5Has Reuters independently verified Pernod Ricard's IPO plans?
Reuters has not been able to immediately verify the Bloomberg report.