MEXICO CITY, April 29 (Reuters) - Becle, the

world's largest tequila producer, on Tuesday reported a

first-quarter profit up 15% from a year earlier, pulling in more

pesos due to the currency's weakening despite moving less

product in the period.

Becle's net profit hit 1.16 billion pesos ($56.69

million), in line with estimates from analysts polled by LSEG.

The firm, which makes the bulk of its income from

tequilas but also produces a range of spirits such as Creyente

mezcal, Stranahan's whiskey, Kraken rum and Boodles gin,

attributed the boost to lower input costs and exchange-rate

tailwinds given the Mexican peso's depreciation.

The currency weakened close to 24% against the U.S.

dollar from the end of March last year to the end of March this

year.

The U.S. and Canada remained Becle's largest market,

though volumes slipped 3.6% year-on-year to just over 3 million

crates. In Mexico, volumes dropped 13% and in the rest of the

world they dropped 14%.

Still, revenues ticked up 7% to 9.63 billion pesos,

slightly above the LSEG-compiled estimate.

"Going into 2025, we are encouraged by our ability to

manage the business effectively despite ongoing industry

pressures and consumer caution," management said in a statement.