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& Jose Cuervo Becle , S.A.B. de C.V. Reports Second Quarter 2021 Unaudited Financial Results Mexico City , Mexico , July 29 , 2021 / BUSINESSWIRE / -- BECLE , S.A.B. de C.V. ( " Cuervo " , " Becle " or the " Company " ) ( BMV : CUERVO ) today announced financial results for the quarter ended June 30th , 2021 . All figures in this release are derived from the Company's interim consolidated financial statements as of June 30th , 2021 , and for the six - month period then ended , which are prepared in accordance with International Financial Reporting Standard ( IFRS ) . Second quarter 2021 highlights ● ● Volume increased 2.7 % to 6,364 million nine - liter cases ; Net sales increased 9.7 % to P $ 9,531 million pesos ; Gross profit increased 9.8 % to P $ 5,071 million pesos . Gross margin was 53.2 % , an increase of 0.1 percentage points year over year ; Pro forma EBITDA decreased 14.9 % to P $ 2,004 million pesos ( P $ 1,631 million pesos as reported ) . Pro forma EBITDA margin was 21.0 % , a decrease of 6.1 percentage points year over year ; Pro forma consolidated net income decreased 19.4 % to P $ 1,169 million pesos ( P $ 893 million pesos as reported ) . Pro forma net margin was 12.3 % , a decrease of 4.4 percentage points year over year and ; Pro forma earnings per share ( " EPS " ) was P $ 0.33 pesos ( P $ 0.25 pesos as reported ) . All abovementioned increases and decreases have been determined in comparison to the corresponding period in the preceding year . Management commentary Our tequila and other spirits portfolios continued to perform well across our different regions this quarter . However , as we move on from the COVID - 19 pandemic , we are seeing growth normalizing to levels closer to the ones seen in 2019 as year - on - year comparisons become tougher due to the unprecedented growth seen early in the pandemic . In this context , net sales were up 9.7 % compared to the second quarter of 2020 and up 20.2 % for the first half of the year . The second quarter brought strong results for Mexico and the Rest of the World regions in particular , with all regions performing well in the premium tequila category . 1