Companies

Strong first quarter for the owner of Havaianas

May 12, 2026 Brazil

The Brazilian company Alpargatas has reported double-digit net sales growth in the first quarter of 2026, alongside higher margins, record adjusted EBITDA and increased net income

“(…) Although first quarters are not usually our seasonal peak in terms of results, we had the satisfaction of achieving the highest nominal quarterly EBITDA in our historical series, reaching 300 million Brazilian reais, with a consolidated EBITDA margin of 24%. However, our greatest satisfaction does not lie in this milestone itself, but in the conviction that we still have a world of opportunities and interesting challenges ahead”, said the company in a statement.

First-Quarter Results

In the first quarter of the 2026 financial year, Alpargatas reported net sales of 1.23 Brazilian reais (213.4 million euros), a 12.5% increase on a comparable basis to the same period in the previous year.

In its domestic market, the Havaianas brand achieved net sales of 901.1 million Brazilian reais (156.3 million euros), which represents a 13.2% year-on-year growth, driven by increased sales in specialised channels and franchises.

In the international operation, Havaianas’ net sales in the first quarter reached 307.5 million Brazilian reais (53.4 million euros), reflecting 10.2% year-on-year growth. A significant portion of this increase was driven by volume growth in Europe and the United States.

During this period, Rothy’s recorded revenue growth of 7.8% year-on-year, reaching 46.8 million Brazilian reais. This was supported by increased penetration of the B2B channel and expansion of the store network through the opening of 10 new locations.

In the first quarter of this year, the company’s gross profit was 646.8 million Brazilian reais (112.2 million euros), an increase of 15.4% from the previous year, driven by net revenue growth outpacing the increase in costs. The gross margin improved by 1.3 percentage points year-on-year to reach 52.6%, reflecting ongoing operational improvements and changes in the product mix.

Alpargatas reported an adjusted EBITDA of 299.5 million Brazilian reais (60.0 million euros), with a margin of 24.4%. This represents an expansion of 5.5 percentage points compared to the first quarter of 2025. The company noted that this marks the fifth consecutive quarter of year-on-year growth in nominal adjusted EBITDA, accompanied by margin expansion.

In the first quarter of the current year, the company’s net income amounted to 162.8 million Brazilian reais (28.2 million euros), an increase of 44.8% on a comparable basis to the same quarter of the previous year.

1 BRL = 0,17 EUR

Image Credits: gazetadopovo.com.br

Brazil Alpargatas Footwear havaianas Quarter Results Results