Viña Concha y Toro managed to close the third quarter with a year-on-year increase in profit of 15.4% to $30,316 million, supported by a better product mix, increases in the domestic market and income from the real estate area. In this way, it accumulated a profit of $68,062 million in the first nine months of the year, showing a year-on-year increase of 23%.
This scenario was observed despite the 2.9% drop in revenues between July and September, which were the result of lower sales in export markets and the US, in the context of the previously mentioned global logistics scenario that impacted volumes shipped.
On the contrary, the domestic market showed sales increases in value of 25.1%, reflecting a higher average price of wine and strong sales in the Beer and Spirits category, while Argentina registered an increase of 36.8%.
The higher average price in all markets reflects the continued focus on premiumization of the mix, which was driven this quarter by the Invest brands. Among these, the growth in value of Diablo (+100%), Marques de Casa Concha (+30.7%), Trivento Golden (+126%) and Don Melchor (+55.9%) stand out.
The sales mix improved with the Principal and Invest categories, together representing 48% of sales in value, compared to 45% in 3Q20.