The latest board removals intensify a governance dispute involving CEO Grégory Clerc and the family of Castel Group founder Pierre Castel.
Imperial Blue gained more than 100 basis points in national whisky market share, while Mansion House Brandy strengthened its position in Karnataka.
EMEA sales increased 24.9%, while Asia Pacific revenue rose 12.3%, as higher aluminium and freight costs weighed on gross margins.
The Delhi High Court has stayed the regulator’s order against PepsiCo, while restricting the company from using the disputed descriptor on new product batches pending further proceedings.
India, EMEA, Asia Pacific and Latin America recorded organic sales growth, while North America remained the company’s biggest regional challenge.