The Body Shop owner books double digit quarterly growth

The Body Shop owner books double digit quarterly growth
Digital sales now accounts for 51% of Natura & Co's total revenue.
// Natura & Co’s consolidated net revenue for for Q2 grows 36.2%
// EBITDA grew 31.9% to 811.2m Brazilian reais (£111.7m)

The parent company of The Body Shop has recorded double-digit revenue growth in its second quarter following a strong performance across all of its brands.

Natura & Co, the Brazilian firm that also owns Aesop, Avon and Natura & Co, said consolidated net revenue for the quarter came in at 9.5 billion Brazilian reais (£1.31 billion), marking a 36.2 per cent uptick or 31.7 per cent at constant currency.

Meanwhile, net income grew to 235 million Brazilian reais (£32.3 million) and adjusted EBITDA grew 31.9 per cent to 811.2 million Brazilian reais (£111.7 million).

Natura & Co also benefited from strong sales in digital social selling and ecommerce across all brands in the second quarter, despite the continued impact of Covid-19.

This means digital sales now accounts for 51 per cent of the firm’s total revenue.

“Natura & Co turned in another strong performance in the second quarter despite a persistently challenging environment, demonstrating again the relevance of our multichannel model, the powerful appeal of our brands and products and unparalleled direct-to-customer reach,” Natura & Co chief executive Roberto Marques said.

“All of our brands and businesses posted double-digit growth and we once again outperformed the global CFT market.”

Click here to sign up to Retail Gazette’s free daily email newsletter


Please enter your comment!
Please enter your name here