Growth in Spirits Portfolio
Consolidated volumes increased by 3.7%, driven by a 5.2% growth in the spirits portfolio. The U.S. and Canada saw tequila as the main growth driver, with notable performance in high-end tequilas.
Gross Margin Expansion
Gross margin expanded by 300 basis points to 56.1%, reflecting lower input costs and operating efficiencies.
EBITDA Surge
EBITDA for the quarter reached MXN 3.5 billion, a 63.3% increase year-over-year, marking strong organic and inorganic performance.
Strong Performance in Mexico
Net sales value in Mexico increased by 24.3%, driven by an 18.3% increase in shipments and a favorable product mix.
Positive Cash Flow and Debt Improvement
The company generated MXN 3.3 billion in net cash from operating activities, with a lease-adjusted net debt-to-EBITDA ratio improvement to 1.0x from 1.7x.