London, 19 February 2026: Chivas Brothers, the Pernod Ricard business dedicated to Scotch whisky, today reports total net sales of -5% in the first six months of the financial year (to end of December 2025).
The business’ geographic scale and diverse portfolio have supported overall performance against a backdrop of a business environment of contrasting market conditions in different regions, with positive momentum in a number of key markets including India (+10%) and Turkey (+32%). Flagship blended Scotch brands Chivas Regal and Ballantine’s core range were both broadly flat in the half, and The Glenlivet single malt outperformed its competitive set in the US.
Commenting on the results, Nodjame Fouad, CEO, Gold Brand Unit – Aged Spirits & Champagne said:
“Thanks to Chivas Brothers’ diverse brand portfolio and broad geographic footprint, we remain strongly positioned to deliver sustainable growth and meet consumer trends in the current business environment of contrasting market conditions. Looking forward, we welcome the recent news of the China tariff on Scotch being halved to 5% and efforts to bring the UK-India FTA into force and remain confident in the outlook for Scotch whisky and its enduring global appeal.”
Footnotes/Notes to the editor:
Growth data specified in this announcement refers to organic growth, unless otherwise stated. Organic growth is calculated after excluding the impacts of exchange rate movements, changes in applicable accounting principles and hyperinflation.
