Natura profits increase but The Body Shop continues to face challenges
Natura &Co posted strong profitability in the first quarter of 2023, but said The Body Shop was “still showing top-line challenges” as revenues fell.
Natura reported a gross profit of Brazilian real (BRL) 5.4bn (£858m), up 2.8% from the BRL5.2bn (£835m) it reported in the first quarter of 2022. Adjusted EBITDA increased 41.3% to BRL841m (£133m) from BRL595m (£94m) the previous year.
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