Natura &Co posts constant currency sales growth and profitability improvement in Q1
SÃO PAULO, May 9, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted a resilient performance in the first quarter of 2023, with sales growth in constant currency and an improvement in profit margins.
- Strong growth by Natura &Co Latam and Aesop;
SÃO PAULO, May 9, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted a resilient performance in the first quarter of 2023, with sales growth in constant currency and an improvement in profit margins. - Natura &Co posted Q1 consolidated net revenue of R$ 8 billion, up 3.4% at constant currency (-2.8% in BRL), driven by solid constant currency (CC) growth at Natura &Co Latam and Aesop.
- From a revenue standpoint, the highlight remains the Natura brand, which continued its strong momentum from last year, with Natura Brazil sales growing 25%, led by volume and strong productivity growth.
- Natura &Co Latam's net sales were up by 9% in constant currency ("CC) and up 2.4% in BRL.