Rémy Cointreau’s cognac sales rose 16.5% after China orders accelerated before the Mid-Autumn Festival

Rémy Cointreau’s cognac business picked up speed in the July-to-September period, helped by stronger shipments to China ahead of the Mid-Autumn Festival, the French spirits group said on Wednesday, October 28.

The company reported €196.8 million in cognac sales for its fiscal second quarter, up 16.5% from €168.9 million in the same period a year earlier. Excluding currency and scope effects, organic growth was 12.4%, according to the company’s sales release.

The figures apply only to Rémy Cointreau’s cognac division, not to the whole group. The Paris-based company, which produces cognac, liqueurs and other spirits, posted €935.3 million in consolidated revenue in its 2025/26 fiscal year. The new sales update highlights a faster pace in cognac, a category closely watched by investors because of its exposure to China and the United States.

The second-quarter performance marked an acceleration from the first quarter. In the April-to-June period, the cognac division had posted 7.7% organic growth. That means the pace improved by 4.7 percentage points in July through September.

On a reported basis, the year-over-year increase in quarterly cognac sales was €27.9 million. Rémy Cointreau said currency movements contributed €6.9 million of that gain. At constant exchange rates, sales would have been €189.9 million.

For the first half of the fiscal year, covering April through September, cognac sales reached €338.7 million, compared with €300.2 million a year earlier. That was an increase of €38.5 million, or 12.8% on a reported basis. Organic growth for the six-month period was 10.3%.

The company said the quarter benefited from shipments into China that were brought forward ahead of the Mid-Autumn Festival. That detail is important because the figures reflect sales made by the manufacturer to the trade, not final purchases by consumers. A rise in shipments can support quarterly revenue even if end demand is realized later.

Rémy Cointreau did not separate the organic increase into its main drivers, such as volumes, pricing or product mix. Organic growth removes the effects of exchange rates and changes in business scope, but it does not show how much of the improvement came from higher sales volumes, price increases or a different mix of products.

The update suggests that China remained a key support for the cognac business in the quarter, at a time when spirits groups have faced uneven demand across markets. Cognac makers have been navigating a mixed global backdrop, with different trends in Asian demand, retailer restocking patterns and consumer spending on premium alcohol.

Wednesday’s figures came from Rémy Cointreau’s primary sales statement for the second quarter of its 2026/27 fiscal year. The company framed the quarter as a period of stronger momentum for cognac after a slower start in April through June, with China playing a central role in that improvement.