Natura announced its financial results for the third quarter of 2025. Consolidated net revenue during the quarter was $986 million, down 3.8% year-over-year in constant currency, which the company says reflects the slowdown in the beauty market in Brazil and temporary and expected operational impacts from the integration with Avon in Argentina and Mexico.
Mexican operations showed improvement during the quarter and the Natura brand in Brazil posted stable year-over-year revenue. Natura in Hispanic America saw growth in all markets except Argentina, but the company stated it expects stability by early 2026.
“We are confident that profitability will improve in the next quarter and remain committed to expanding our EBITDA margin for the full year 2025,” said João Paulo Ferreira, Natura CEO. “Mexico stabilized toward the end of the quarter, and Argentina is already showing signs of recovery. At the same time, the efficiency and cost containment measures already underway will further support profitability improvements. We remain focused on expanding our leadership in Latin America, including Brazil, while accelerating growth and profitability in Hispanic markets, particularly Mexico.”
The company’s omnichannel strategy provided sustained, accelerated growth in its digital and retail channels, and its new fintech, Emana Pay, reached a third of its consultant base, up by 50% year-over-year, which Natura sees as “an important lever for channel productivity.”
The company completed its integration with Avon across Latin America during the quarter and completed the sale of Avon operations in Central America and the Dominican Republic. The additional sale of Avon International, excluding Russia, is expected to close in the first quarter of 2026.
The company’s third quarter balance sheet reflected a non-recurring, non-cash write-off of $322 million, as a result of its agreement to sell Avon International’s assets.
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