Prepared Remarks:

Operator

Hello, and welcome to the Constellation Brands Q1 fiscal year 2024 earnings call and webcast. [Operator instructions] As a reminder, this conference call is being recorded. It's now my pleasure to turn the call over to Joe Suarez, vice president, investor relations. Please go ahead, Joe.

Joseph Suarez -- Vice President, Investor Relations

Thank you, Kevin. Good morning all, and welcome again to Constellation Brands' Q1 fiscal '24 conference call. I'm here this morning with Bill Newlands, our CEO; and Garth Hankinson, our CFO. As a reminder, reconciliations between the most directly comparable GAAP measure and any non-GAAP financial measures discussed on this call are included in our news release or otherwise available on the company's website at www.cbrands.com.

Please refer to the news release and Constellation's SEC filings for risk factors, which may impact forward-looking statements made on this call. Following the call, we'll once again be making available in the investor section of our company's website a series of slides with key highlights of the prepared remarks shared by Bill and Garth in today's call. Before turning the call over to Bill, in line with prior quarters, I'd like to ask that we limit everyone to one question per person as noted, which will help us end our call on time. Thanks in advance.

And now, here is Bill.

Bill Newlands -- Chief Executive Officer

Thanks, Joe, and good morning, everyone. We are off to a strong start in fiscal '24 with a solid first quarter. Our beer business delivered net sales growth of 11%, mainly driven by continued strong volume growth, in line with our medium-term algorithm. As anticipated, depletion performance accelerated throughout the quarter, resulting in a 5.5% increase for the period, an acceleration that has continued into June, supported by our beer team's unrelenting push to increase distribution for our high-growth, high-velocity brands; continued incremental investments in marketing focused on the highest return opportunities; and ongoing strong demand for our high-end Mexican beer brands, aligned with consumer-led premiumization trends, particularly in large markets with significant runway for Modelo Especial, like Texas, Florida, Illinois, and North Carolina, with a brand posted double-digit dollar sales growth in Circana tracked channels.