Pernod Ricard shares break above €72.16 and reach their highest level in 150 sessions

The €72.16 level is reclaimed to the upside after a marked monthly rebound

The Pernod Ricard share rose 1.4% to €72.22 intraday, while the CAC 40 gained 0.61%. The stock broke intraday through the €72.16 resistance, which now becomes support, and at the same time recorded its highest level in the last 150 sessions. This breakout caps a very favourable month, with a gain of 17.24%.

The price now sits 13% above its 50-day moving average (€63.91) and 8.41% above its 200-day moving average (€66.62).

The RSI at 68 reflects sustained momentum without tipping into overbought territory. The group ranks among the strongest gainers on the CAC 40 and trades well above its level of a few weeks ago, but it remains down 14.39% over one year.

Remy Cointreau, another stock in the spirits sector, rose 0.57% and is up 22.63% over one month.

Quarterly sales decline and an announced cost-savings trajectory

The first-quarter publication for fiscal year 2026-27, released on 15 October, had highlighted sales down 0.9% on an organic basis, held back by the United States and China.

On that occasion, the group described a mixed and uncertain environment, with the US market penalised by inventory adjustments (sales down 10%) and Chinese sales down 25%. It also reported 19% growth in India and an operational efficiency plan targeting €1 billion in savings between fiscal years 2026 and 2028.

The sector remains under pressure: French cognac exports fell 23.8% in value over the whole of 2025, according to the federation of wine and spirits exporters. On the share price side, the stock gained 2.7% over the week and 4.33% over three months, a horizon that remains behind the gain recorded over the last month.