Concha y Toro Profit Rises 2.1% Despite Sales Dip in Q2
Chile's Concha y Toro lifted Q2 2026 profit by 2.1% despite lower sales. World Cup demand for Casillero del Diablo and Bonterra offset heat-weakened red wine sales in Europe. The post Concha y Toro Profit Rises 2.1% Despite Sales Dip in Q2 appeared first on The Rio Times .
Chile's largest winemaker, Concha y Toro, reported a 2.1% increase in profit for the second quarter, reaching CLP 19.4 billion, despite a 4.7% drop in revenue to CLP 233.3 billion. The revenue decline was primarily due to weaker wine consumption in Europe, exacerbated by heat waves and reduced demand for red wine. However, Concha y Toro's premium brands, such as Casillero del Diablo and Bonterra, saw double-digit depletions during the 2026 World Cup, which helped offset the European slowdown.
The company attributed the profit growth to better pricing and a portfolio focused on premium wines, which performed well even as overall volume dipped. Europe's heat waves contributed to a 4.7% decrease in wine volume to 7.6 million nine-litre cases. Looking ahead, Concha y Toro aims to capitalize on the 2026 harvest's quality tailwind and strengthen its positions in emerging markets, such as Brazil and the US, where premium wine demand is growing.
The company expects to see more gains in the second half of the year if favorable weather conditions in Europe revive red wine consumption.
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