Carnival lifts Brazil beer volumes as Ambev Q1 profit rises

Ambev SA

05/05/2026 10:03

SAO PAULO, May 5 (Reuters) - Brazilian brewer Ambev's ABEV3.SA first-quarter net profit rose 2.1% from a year earlier, it said on Tuesday, boosted by stronger performance in its key Brazil Beer segment during Carnival festivities, one of its so-called "megaplatforms".

Q1 net profit 3.89 billion reais ($783.52 million)

Q1 net revenue 22.46 billion reais, up 8.1% organically as total volumes rose 0.1%

Cash cost of goods sold per hectoliter rose 8.5%, reflecting mainly foreign exchange and commodity impacts

Brazil beer volumes up 1.2% to a new all-time high for a first quarter, estimated to have outperformed the industry

Ambev is gearing up for the FIFA World Cup in June and July

Ambev is one of Brazil's largest firms and a subsidiary of Anheuser-Busch InBev ABI.BR, the world's largest brewer by volume, which reported results earlier in the day

($1 = 4.9648 reais)

(Reporting by Gabriel Araujo and Tiago Brandao; Editing by Kirsten Donovan)

((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))