Coty Reports Strong Q2 Financial Results as Prestige Brands Shine

The beauty giant posted revenue of $1,678.6 million increased, marking a 1% like for like increase, reflecting balanced growth across both divisions and all major regions.

According to the company’s release, this performance was particularly propelled by expanding luxury fragrance sales and robust gains in Europe and the Middle East.

Prestige Beauty Leads Growth The Prestige business continued to outperform expectations, delivering a 7% like for like increase driven by blockbuster fragrance launches and strong momentum in skin and body care.

The company noted that this segment remains a cornerstone of its growth strategy, now accounting for over 60% of total sales. “I’m truly excited and energized to join Coty at this pivotal moment,” said Markus Strobel, Executive Chairman and Interim Chief Executive Officer…