Remy Cointreau backed its outlook for sustained revenue growth after cognac sales picked up, particularly in parts of Asia. The French distiller said sales of its high-end cognac brands, Remy Martin and Louis XIII, were 7.7% higher organically over its fiscal first quarter through June, hitting 141.9 million euros ($161.6 million).

Total revenue came in at 223.2 million euros, beating analysts' expectations for a 0.5% slip to 219.7 million euros. Growth in cognac sales was strong in parts of Asia outside China, Remy said Wednesday. In China, a key market, sales of the spirit fell amid a still challenging market backdrop.

While overall cognac sales rebounded, the group's liqueurs & spirits division—housing the company's namesake orange liqueur as well as labels like Mount Gay rum and the Botanist gin—saw a 6.6% decline over the quarter, partly due to unfavorable timing effects as well as weak demand in the Europe, Middle East, and Africa region and China.