In Q1 2024, Natura &Co reported increased profitability due to Natura and Avon integration in Latin America.
Natura &Co reported increased profitability in Q1 2024 due to the integration of Natura and Avon in Latin America, benefiting from the 'Wave 2' implementation and richer country and brand mix. Natura Brazil experienced an 11.3% YoY revenue increase, while Avon Latam's revenues declined in Brazil and Hispanic Latam. Gross margin expanded to 65.2%. Despite revenue decline, Avon showed resilience and is exploring other distribution channels.
May 14, 2024
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