Global beauty manufacturer Coty has reported flat like-for-like net revenues for its Q4 2015, at $4,395.2 million. However, net income grew to $232.5 million following a loss in the comparable period of 2014.
According to Euromonitor, this has been a positive development for the company in order to fund the purchase of the range of Procter & Gamble beauty brands it won a bid for in 2015.
The company’s colour segment recorded an 8 per cent growth following a number of new launches under the Sally Hansen and Rimmel, such as Rimmel Lasting Finish 24 Hour Foundation and Rimmel Lasting Finish Face Primer.
However, despite this positive growth, the fragrance and body and skin care didn’t fare so well, with revenues decreasing in both categories. Coty’s celebrity brands portfolio continued to struggle, while the integration of P&G’s prestige brands are hoped to boost the category.
Asia Pacific holds the largest market share for colour cosmetics, followed by North America and Western Europe. Meanwhile in fragrances Western Europe takes the largest market share, followed by Latin America.