Canada’s Corby Spirit and Wine has reported bumper quarterly results, helped by the growth of its RTD business.

The Canada-listed distiller, in which Pernod Ricard owns a majority stake, saw its third-quarter organic revenue jump by more than a fifth.

Revenues in the three months to the end of March were also supported by the timing of orders from LCBO stores.

Corby president and CEO Florence Tresarrieu said: “Q3 marked a quarter of very strong earnings growth for Corby as we continue to build on the momentum established in the first half of the fiscal year.

“Revenue grew at a strong pace, driven by the expansion of our RTD portfolio, and benefiting from LCBO order phasing in Q3, while disciplined cost management and strong commercial execution supported even stronger earnings growth.”

Tresarrieu had a note of caution about the next three months but said Corby expects annual revenues to reach a record level.

“As expected, Q4 is anticipated to be significantly softer as LCBO ordering patterns normalise and spirits market declines persist,” she said. “Despite this, we remain on track to deliver high single–digit revenue growth for FY2026, reaching a record revenue level for the company.”

Corby’s third-quarter revenue increased 21% to C$58.3m (US$42.4m). Organic revenue, which excludes the contributions of brands sold off, rose 22%.

The company said its spirits business continued to benefit from the removal of US brands from store shelves in Canada in the wake of the tariff tension between the two countries.

Earnings from operations grew 63% to C$12.5m. Net earnings jumped 97% to C$7.9m.

Over the first nine months of the fiscal year, revenue rose 15% to C$200.6m, or 16% organically.

Corby’s earnings from operations in the period were C$42.8m, 20% higher year on year.

The company reported a 27% increase in net earnings to C$26.9m.