Revenues for the spirits group, which owns Martell cognac and Absolut vodka, fell to €2.28 billion over the period, down 3% on a reported basis.
Pernod Ricard continues to suffer from a difficult macroeconomic environment in China, where its quarterly sales fell 5% with a "very weak" Chinese New Year.
The "global travel retail" business (-31%) was also affected by the suspension of the duty-free regime for cognac in the specialized transport distribution network in China.
The third quarter was also penalized by one-off factors such as a temporary interruption, now resolved, in production in a major state in India and the impact of later Easter holidays in certain markets.
For the full 2024-2025 financial year, Pernod Ricard expects organic revenue to decline by between 1% and 4% ("low single digit") and operating margin to remain stable - a forecast it had to lower in early February in light of the threat of increased tariffs on spirits.
"This outlook takes into account the impact of expected tariffs in China and the United States based on the information available to us today," the group said in a statement on Thursday.
(Written by Blandine Hénault, edited by Augustin Turpin)
