Natura First Quarter Revenue Jumps 45.8 Percent With Avon Reconsolidation; Net Loss Narrows to 151 Million Reais

Natura &Co reported first-quarter 2025 consolidated net revenue of 6.7 billion reais, up 45.8 percent from a year earlier, including 1.4 billion reais from Avon International, which was reconsolidated after the company reacquired it in the Avon Products Inc. Chapter 11 case. Latin American revenue rose 12.2 percent in constant currency, or 4.1 percent excluding Argentina.

Recurring EBITDA was 790 million reais with an 11.8 percent margin, down 140 basis points, while the Latin American margin was 15.0 percent. The company posted a net loss of 151 million reais, compared with a loss of 935 million reais a year earlier, and underlying net income of 264 million reais. Net debt was 2.9 billion reais after cash consumption of 692 million reais in the seasonally weak quarter.

Avon International revenue fell 12.7 percent in constant currency. Natura said it is accelerating the unit's restructuring, cutting about 1,100 jobs, or roughly 25 percent of its staff, with the peak impact expected in the second and third quarters, while it continues to evaluate a potential separation or sale of the business. Chief Executive Joao Paulo Ferreira and Chief Financial Officer Silvia Vilas Boas presented the results.