Coty announced its results for the first quarter of fiscal year 2026, ended September 30, 2025. 

Coty delivered Q1 in line with expectations, with Q2 sales tracking toward the more favorable end of prior guidance. 

Sue Nabi, CEO of Coty, said, 

“Coty’s strategic progress is accelerating as we elevate Coty as a Prestige beauty company with an emphasis on fragrances and scenting across price points, complemented by capabilities in prestige cosmetics and skincare. In line with our recent strategic announcements, over the coming years we will concentrate investment behind our portfolio brands with the greatest long-term potential, while also building and elevating our newly added licenses and brands.” 

Coty’s strengthening execution, particularly in the U.S. market, combined with strategic initiatives and market-leading fragrance innovations, reinforces the company’s confidence in returning to profitable sales growth in H2 FY26 and beyond.

Net revenue of $1,577.2 million decreased 6% on a reported basis and included a 2% benefit from FX. On a LFL basis, net revenue declined 8%.

Prestige net revenue of $1,069.5 million, representing 68% of Coty’s total sales, decreased 4% on a reported basis and 6% on a LFL basis, even as the Company’s Prestige sell-out was positive in the first quarter.

Consumer Beauty net revenue of $507.7 million, representing 32% of Coty’s total sales, decreased 9% on a reported basis and 11% on a LFL basis.

Nabi added.

“By integrating Prestige Beauty and Mass Fragrances; unlocking material opportunities in ultra-premium fragrances, mists and broader scenting; and implementing a performance improvement plan for our Consumer Beauty brands while pursuing our strategic review of Consumer Beauty Cosmetics and Brazil, we will ensure that Coty realizes the full value of its scale as a fragrance and scenting powerhouse. This will further strengthen our Top 3 position in global fragrances.”

The prestige fragrance category grew at a mid-single-digit percentage in Q1, roughly in line with the previous quarter.

In the U.S., Coty made positive progress, closing the gap between the company’s U.S. prestige fragrance sales and the overall U.S. prestige fragrance market.

During the quarter, Coty announced plans to more closely integrate its Prestige Beauty and Mass Fragrance businesses, reaffirming its commitment to its heritage and core strengths as a fragrance powerhouse. This strategic shift is designed to drive sustainable, profitable growth and accelerate value creation.

In parallel, Coty initiated a comprehensive strategic review of its mass color cosmetics business, generating approximately $1.2 billion in sales, and its Brazil business contributed close to $400 million in sales in FY25, to unlock its full potential. 

Gordon von Bretten rejoined Coty as President of Consumer Beauty with an end-to-end mandate and has appointed a leadership team focused on driving innovation, strengthening brand equity, and enhancing consumer engagement, all aimed at driving significant operational improvement.

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