When too much focus is a proxy for fragility

Rémy Cointreau H1 FY26 Performance & Strategic Outlook

Nov 28, 2025

∙ Paid

The Fragility of Concentration Amidst Structural Headwinds

The reported financial performance for Rémy Cointreau for the first half of fiscal year 2026, covering the six months ending September 2025, confirmed a period of acute operational stress, driven by external economic pressures and significant internal inventory imbalances. While the group reported an adjusted net income of €63.1 million, surpassing the consensus expectation of €57.5 million, this short-term financial beat should not overshadow the deeply concerning deterioration in core operating metrics.

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