SÃO PAULO, Aug. 12, 2021 /PRNewswire/ — Natura &Co (NYSE – NTCO; B3 – NTCO3) recorded another quarter of double-digit revenue growth in the second quarter, again outperforming the global Cosmetics, Fragrance, and Toiletries market, while net income grew strongly to R$235 million, supported by new gains from Avon’s integration.
Consolidated net revenue in Q2 stood at R$9.5 billion, up 36.2% in Brazilian Reais and 31.7% at constant currency, driven by double-digit sales growth at all four of the Group’s iconic brands and businesses. Adjusted EBITDA, which excludes transformation costs, costs to achieve synergies, Avon-related acquisition effects and non-recurring effects, rose 31.9% to R$811.2 million, with margin of 8.5%. Adjusted EBITDA margin was down 30 basis points year-on-year as last year’s Q2 margin was supported by one-off pandemic-related effects of cost containment and government support. Excluding these effects, adjusted EBITDA margin would have improved by 210 basis points this quarter. In first-half 2021, adjusted EBITDA margin reached 9.4%, +120 basis points above last year in the same period.
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