Pernod Ricard has reported 9% fall in the first quarter 2014 net sales to €2.01bn, compared to €2.2bn in the same period a year ago.

The fall in sales was primarily due to unfavourable foreign exchange impact during the period.

Net sales were organically down by 1% during the Q1 2013/14.

The factors responsible for the marginal decrease were high comparatives in Q1 2012/13 for both major markets and for Martell, the slowdown of emerging markets and unfavourable mix.

The company’s top 14 brands have posted 5% decrease with 1% decline in volumes.

However, 18 important brands, which are targeting emerging middle classes, have reported 8% rise.

The company’s priority premium wines were marginally increased by 1% during the Q1 2013/14, compared to prior year figures.

The marginal increase was mainly driven by Brancott Estate and Campo Viejo brands.

Growth in emerging markets was down by 2%, primarily due to strong comparatives and by China.

Pernod Ricard chief executive officer Pierre Pringuet said that the company’s first quarter was adversely affected by the slowdown of emerging markets and unfavourable technical effects.

"However, we remain confident in the diversity of our portfolio and the strength of our distribution network.

"We anticipate organic growth in full-year profit from recurring operations between +4% and +5%," Pringuet added.

Pernod Ricard portfolio of brands include ABSOLUT Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute and The Glenlivet Scotch whisky, Jameson Irish whisky, Martell cognac, Havana Club rum, Beefeater gin, Kahlúa and Malibu liqueurs, Mumm and Perrier-Jouët champagnes, Jacob’s Creek, Brancott Estate, Campo Viejo and Graffigna wines.