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Health & Beauty

The Body Shop owner sees revenue rise 36.2% in Q2

The group also reported an adjusted EBITDA of R$811.2m (£111.8m) in the quarter at a margin of 8.5%

Natura and Co, the Brazilian owner of The Body Shop, saw consolidated net revenues grow 36.2% year-on-year to R$9.5bn (£1.3bn) in Q2 FY21.

The group also reported an adjusted EBITDA of R$811.2m (£111.8m) in the quarter at a margin of 8.5%, as “inflationary pressures in the quarter were largely offset by benefits of synergies, pricing and sales leverage”.

As for The Body Shop, net revenue increased 24.3% during the quarter as the brand’s EBITDA margin fell 180 bps to 13%.

The company, which also owns Avon International and Aesop, revealed that online sales represented 55% of all sales during the quarter, down 4% from the same quarter in FY20 but up 21% from pre-pandemic levels.

Roberto Marques, executive chairman and CEO at Natura, said: “With double-digit sales growth across all our businesses, Natura and Co demonstrated once again its ability to adapt and thrive in a challenging environment and its capacity to meet changing consumer and shopping habits.

“At the end of H1, we are above last year’s EBITDA margin. We remain on track to meet our targets for 2021 and to achieve our 2023 guidance of high single-digit compound annual top line and mid-teens EBITDA margin.”

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