Sao Paolo, Brazil-based Natura & Co, the Brazilian beauty and cosmetics giant, recently reported results from the second quarter ended June 30, 2018. Revenue was up 13.6 percent to R$3.1 million from R$2.729 million in 2017.
Revenue growth was up in every brand: Natura, up 9.8 percent; The Body Shop, up 14.8 percent; and Aesop up 55.2 percent.
“We are very pleased with the second quarter results” said Roberto Marques, Natura & Co’s chairman of the board. “Natura continues to revitalize its business model through its revamped relationship selling approach, digitization and growing multichannel presence; the Body Shop’s ongoing transformation plan is delivering encouraging initial results and Aesop continues its stellar growth trajectory. Natura & Co is well positioned to deliver further growth, reach its medium-term and long-term ambitions, with continuous advances in sustainable business practices.”
Natura’s growth was despite a trucker’s strike impact, with both Brazil and Latin America showing great momentum. Natura continued to gain market share in core categories in Brazil and show productivity gains, positively advancing the company’s new Relationship Sales model and digitization of its channel.
Natura & Co began to implement The Body Shop’s transformation plan this quarter with initiatives including organization redesign, store footprint optimization and measures to improve operational efficiency. Over the first half of the year the company has seen significant improvements in sales, adjusted EBITDA and adjusted EBITDA margin, excluding transformation costs booked in Q2, in line with expectations.
Aesop again delivered another remarkable quarter with high double-digit growth in sales and EBITDA across all channels and geographies. The steady performance was driven by strong like-for-like sales in signature stores and by the addition of 25 new stores in the past 12 months.
To read the full Natura Q2 financial report, click here.