THE WHAT? Natura &Co has posted strong revenue growth for the third quarter of the financial year, significantly outperforming the wider cosmetics, fragrances and toiletries market, thanks to a strong performance in the digital arena.
THE DETAILS Consolidated sales reached R$10.4 billion, up 11.6 percent in constant currency, the owner of The Body Shop, Aesop and Avon said.
Growth was driven by the Natura and Aesop brands, the Brazilian beauty giant reported, with The Body Shop delivering ‘solid’ growth and Avon reporting growth in sales in Reias.
Adjusted EBITDA was R$1,547.3 million, with a margin of 14.8 percent, a gain of 330 basis points.
THE WHY? Roberto Marques, Executive Chairman and Group CEO of Natura &Co, commented, “Enabled by continued digitalization, our brands delivered strong results in the third quarter, with significant growth in sales and margin improvement. In an environment that has remained challenging throughout the world as a result of the Covid-19 pandemic, we delivered superior results compared to the CFT market both globally and in Brazil. Our performance this quarter attests to the strength of our fundamentals, our unparalleled Direct-to-Consumer reach, and the resilience of our omnichannel, multi-brand model.”