Benefiting from its strong online presence, the Brazilian cosmetics giant posted a strong growth in revenue in the third quarter 2020, significantly outperforming the global Cosmetics, Fragrance, and Toiletries (CFT) market. Consolidated sales stood at R$10.4 billion, up 31.7% in Brazilian Reais and 11.6% at constant currency.
The group also achieved several milestones during the period, in particular with the successful completion in October of a US$1 billion capital raise and with Aesop’s certification as a B Corp, joining Natura and The Body Shop.
Digital financial services
Natura &Co also took another step forward in its continued digitalization with the launch of &Co Pay, its proprietary financial services platform. &Co Pay will help drive productivity to consultants and representatives by allowing them access to key financial services, promoting digital and financial inclusion.
Launching first in Latin America, &Co Pay will be rolled out globally within the next couple of years.
"Enabled by continued digitalization, our brands delivered strong results in the third quarter, with significant growth in sales and margin improvement. In an environment that has remained challenging throughout the world as a result of the Covid-19 pandemic, we delivered superior results compared to the CFT market both globally and in Brazil. Our performance this quarter attests to the strength of our fundamentals, our unparalleled Direct-to-Consumer reach, and the resilience of our omnichannel, multi-brand model," commented Roberto Marques, Executive Chairman and Group CEO of Natura &Co.
