The parent company of Corona, AB InBev, has posted strong first quarter results, with revenue increasing by 5.8 per cent to approximately £11.2bn.

There was an 8.2 per cent increase in the joint revenues of megabrands, which was boosted by Corona.

The business experienced a 27 per cent and 37 per cent surge in revenue of no-alcohol beer and beyond beer, respectively.

AB InBev’s underlying profit increased to approximately £1.4bn compared to around £1.19bn in the same period last year.

According to the business, the strong performance was driven by increasing sales within Corona, Stella Artois and Michelob Ultra.

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Michel Doukeris, CEO, AB InBev, said: “Cheers to beer – the strength of the category and the consistent execution of our consumer-centric strategy drove continued momentum across our footprint.

“We are investing behind our megabrands and innovations to lead and grow the category. With strong execution by our teams and major moments of celebration ahead, we are well positioned for 2026.”

The Corona brand activated in the Milano Cortina Winter Olympics and saw a double-digit volume increase in 32 markets.

The overall volumes increased by 0.8 per cent, with beer volumes going up by 1.2 per cent and non-beer volumes decreasing by 1.9 per cent.

Moving forward, the business expects the EBITDA to increase in line with the medium-term outlook of between four and eight per cent, reflecting the impact of inflation and other market conditions.