P&G Sales Up, Mix Down in Q1 2024 Beauty & Grooming

Apr 22nd, 2024

In hair care, organic sales jumped in the high single digits due to pricing increases in North and Latin America and Europe.

In hair care, organic sales jumped in the high single digits due to pricing increases in North and Latin America and Europe.

Timon at Adobe Stock

P&G's Q1 2024 beauty net sales rose 2% year-over-year to $3,550 million, while grooming net sales increased 3% to $1,539 million; mix was down 1% in both sectors.

Skin and personal care organic sales dropped in the "low single digits," per P&G, driven primarily by weakness in the China-exposed SK-II brand.

That said, there was volume growth from new innovations in personal care.

In hair care, organic sales jumped in the high single digits due to pricing increases in North and Latin America and Europe.

In grooming, meanwhile, higher pricing in Europe and Latin America drove organic sales gains.

A new collagen era for hair care with Col-Frag remastered ™

A new collagen era for hair care with Col-Frag remastered ™

Col-Frag remastered ™ is a type I collagen fragment produced in Wild plants as biofactories through vertical farming, that provides volume, gloss and facilitates combing

Sabinsa Bakuchiol Launch Nyscc Suppliers Day 2024 Adobe Stock 305100159

Sabinsa Debuts Babchiol Retinol Alternative, Highlights Naturals and Nutricosmetics at NYSCC

Babchiol (INCI: Bakuchiol), extracted from Psoralea corylifolia, is presented as a retinol alternative that offers the same anti-aging benefits as retinoids but gentler, and without the risk of adverse effects.

According to L'Occitane, 'The offer is particularly compelling in light of the prolonged low trading liquidity of the company’s shares, which makes it challenging for minority shareholders and vested option holders to sell a substantial amount of shares without adversely affecting the share price.'

L’Occitane International S.A. Receives Offer to Take Company Private

L'Occitane has established an independent board to review the offer, per the company.

The health and well-being sector was boosted by brands like Nutrafol and Olly, while prestige beauty benefited from strength at Tatcha, Hourglass and Living Proof.

Beauty & Well-being Drive Unilever Q1 2024 Results

Top performers included hair care, particularly the Dove brand, Sunsilk and TRESemmé.

Kylie Jenner, founder of Kylie Cosmetics, said, 'I am so excited to launch Kylie Cosmetics in India—I created Kylie Cosmetics to give my fans access to the makeup products that I use and love, and I can't wait to share my collection with all my fans in India.'

Kylie Cosmetics Expands into India

The brand is available exclusively in 25 Sephora India stores nationwide and online on www.sephora.in.

'Kiko's unrivaled scale, first-to-market advantage, and ability to provide unmatched product offerings at accessible prices uniquely positions the company for global success,' said Arabella Caporello, a partner in L Catterton's Europe fund. 'We have significant experience scaling leading brands in Europe, and we look forward to working alongside CEO Simone Dominici and his team to capture the Company's incredible potential.'

L Catterton Takes Majority Stake in Kiko Milano, Eyes US Expansion

The 27-year-old brand retails in 1,100 stores in 66 countries and, in 2023, recorded net revenue of about 800 million euros, representing almost 20% year-over-year growth.

In its latest trading statement, the company noted that St. Tropez's performance has been 'very strong' in the latest financial period.

St. Tropez is for Sale

In its latest trading statement, the company noted that St. Tropez's performance has been "very strong" in the latest financial period.

Playground was founded by Christina Aguilera (pictured) and CEO Catherine Magee and reportedly grew more than 700% in 2023.

Playground Brings Clean Sexual Wellness to Target & Secures New Funding

Playground was founded by Christina Aguilera and CEO Catherine Magee and reportedly grew more than 700% in 2023.

India Map Pin Globe Adobe Stock 80007481

Symrise/Virchow Joint Venture, Vizag Care Ingredients, Extends Symrise into India

Symrise has teamed up with Virchow Group to manufacture personal care ingredients from its portfolio under the joint venture Vizag Care Ingredients. This is Symrise's first manufacturing site outside of Europe and the Americas.

'Mented is a very strong addition to the West Lane platform of beauty and wellness businesses, and we are excited to work with [co-founder] KJ [Miller] and the team to continue providing high quality products to Mented's loyal customer base,' said Michael Wentz, a vice president at West Lane.

Mented Acquired by West Lane

"Joining the West Lane portfolio is the right strategic move for Mented and will provide numerous growth opportunities for the brand."

Consumer products experienced an 11.1% like-for-like increase in sales, totaling 4,172.8 million euros, while professional product sales jumped 10.7% like-for-like to 1,243.3 million.

L'Oreal Boosts Sales Across Divisions for Q1 2024

Dermatological beauty sales spiked nearly 22% like-for-like to 2,015.9 million euros, while luxe results grew more modestly at 1.8% like-for-like to 3,813.0 million euros.