• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Avon Products Q3 FY20 revenue jumps 31.7% to R$10,420 mn

06 Jan '21
2 min read
Pic: Avon Products
Pic: Avon Products

Avon Products, a manufacturer and marketer of beauty and related products, posted 31.7 per cent revenue growth to R$10,419.5 million in its third quarter (Q3) FY20 ended on September 30, 2020, compared to revenue of R$7,911.3 million in same period prior year. During the reported quarter company’s net income rose to $377.7 million (Q3 FY19: $376.8 million).
 
Gross profit for Q3 FY20 was R$6,724.1 million (R$5,056.2 million). EBITDA rose 32.8 per cent to R$1,457.0 million (R$1,097.4 million). 
 
“Enabled by continued digitalisation, our brands delivered strong results in the third quarter, with significant growth in sales and improved margin. In an environment that remained challenging throughout the world as a result of the Covid-19 pandemic, we outperformed the CFT market both globally and in Brazil,” Roberto Marques, executive chairman and CEO at Natura &Co, said in a press release.
 
Net revenue of Natura &Co Latam increased 29.5 per cent to R$6,083.6 million (R$4,697.8 million) driven by the Natura brand’s significant 41.2 per cent growth. Avon International business revenue were up 22.5 per cent to R$2,457.3 million (R$2,006.3 million) with notable progress in Western and Central Europe, and key markets such as Russia and Turkey. 
 
Company’s total beauty segment’s revenue dropped to R$690.3 million (R$793.4 million). While, fashion & home segment grew marginally to R$259.8 million (R$256.1 million).

Fibre2Fashion News Desk (JL)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search