Natura &Co posts another quarter of constant currency sales growth and adjusted EBITDA improvement in Q2
SÃO PAULO, Aug. 15, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted another quarter of sales growth in constant currency in the second quarter of 2023, while also continuing to improve its profit margins.
- Natura &Co posted Q2 consolidated net revenue of R$ 7.8 billion, up 1.9% at constant currency (-4.1% in BRL), driven by solid constant currency (CC) growth at Natura &Co Latam.
- Fabio Barbosa, Group CEO of Natura &Co, declared: "Natura & Co's second-quarter performance continued to show the improvement already observed in Q1, with low-single digit top line growth at constant currency and a significant improvement in adjusted EBITDA margin.
- Natura &Co Latam's net sales were up by 5.8% in constant currency ("CC") and down 1.7% in BRL.
- CC growth was driven by double-digit growth at the Natura brand (+19.5% at CC and +17.3% in BRL).