The company’s consolidated net sales in the quarter increased 10%, to 50,684 million pesos, compared to the same period of the previous year, as a result of the positive performance in volume in Mexico and South America.
In the period, consolidated sales volume increased 4.2%, excluding bottled water, driven by growth in the personal water and still beverage categories of 13.6% and 5.1%, respectively.
From January to March, the company’s net profit was 3,731 million pesos, 20.6% more than the 3,094 million of the same period last year. The operating flow grew 12% to 9,550 million pesos.
The company is still facing rising prices of raw materials, such as PET, which raised cost of sales by 8.5%, which was partially offset by favorable exchange rate hedging.
Mexico remains strong
In Mexico, Arca Continental posted volume growth (sales per case) of 4.8% compared to 2021, as a result of capturing more consumption occasions, as well as a balanced price architecture.
The cola category grew 4.9% in the quarter, driven by the launch of Coca-Cola Move, a limited-edition collaboration with Grammy-winning artist Rosalía.
In the country, all channels had a good performance, mainly the modern channel (self-service stores) with a volume increase of 14.1% due to the growth in personal packaging and the deployment of the dual strategy to boost the cola and flavor categories. .