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

Fashion

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

06 Jan `21

2 min read

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).

 

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). 

 

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).#

“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.

 

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