Pernod Ricard said it now expected organic profit growth of about 16% for its 2020/2021 fiscal year, up from a previous April forecast of 10%.
The French drinks group, which owns Irish Distillers, said it was seeing a stronger than expected recovery as Covid-19 curbs are lifted.
The owner of Jameson whiskey, Mumm champagne, Absolut vodka and Martell cognac had already told an investor presentation yesterday that it was confident about its prospects in Asia, helped by cognac and Scotch whisky demand in China.
Pernod Ricard's third-quarter results, published two months ago, were also better than analysts' expectations.
"The pace of recovery is proving stronger than anticipated. Demand is accelerating as restrictions are progressively lifted," the group said in a statement today.
At yesterday's market close, Pernod's share price was up 14.8% since the start of the year, compared to a gain of 21.7% for world leader and main rival Diageo.
