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Gloucestershire Business News

Double digit growth for The Body Shop owner

Parent company of The Body Shop, Natura & Co, has recorded 36.2 per cent net revenue growth for the second quarter of 2021.

The business, which has stores in Gloucester, Cheltenham and Cirencester, has revealed consolidated net revenues of 9.5 billion Brazilian rias (£1.31bn).

Net income also grew to 235 million Brazilian reais (£32.3m) and adjusted EBITDA jumped 31.9 per cent to 811.2 million Brazilian reais (£111.7 million).

It added that digital sales now account for 51 per cent of the firm's total turnover.

Natura & Co chief executive Roberto Marques said: "Natura & Co turned in another strong performance in the second quarter despite a persistently challenging environment, demonstrating again the relevance of our multichannel model, the powerful appeal of our brands and products and unparalleled direct-to-customer reach.

"All of our brands and businesses posted double-digit growth and we once again outperformed the global CFT market."

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