Coty announced its financial results for the first quarter of its 2026 fiscal year, ended September 30, 2025. Net revenue decreased 6% compared to the first quarter of 2025, which was in line with the company’s expectations.
“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,” said chief executive officer Sue Nabi. “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.”
Coty’s prestige beauty segment, which represents 68% of the company’s total sales, decreased 4%, and the consumer beauty segment decreased 9%. The company said it made positive progress closing the gap between its U.S. prestige fragrance sell-out and the overall prestige fragrance market.
The company’s performance was largely driven by the success of BOSS Bottled Beyond, which is on track to be the second-best selling fragrance in the fall in Europe and the top make launch by volume in Germany. Further, the company’s ultra-premium collections grew by 17% in the first quarter.
Looking ahead to the rest of the year, Coty is planning a multi-brand push into the fragrance mist category as well as new innovations in key mass fragrance brands. Further, the company plans to roll out new in-house developed fragrance lines in European markets and on Amazon in the United States.
“We see tremendous potential to accelerate this momentum, driven by a pipeline of new brand launches and innovations, market-leading e-commerce and globally scaled brick & mortar presence,” Nabi concluded. “This includes fragrance launches under Swarovski, Etro and Marni planned within the next two years, and prestige cosmetics innovations such as makeup under Marc Jacobs Beauty on track to launch in 2026. This multi-pronged approach has underpinned our success in nurturing and elevating our core designer brands in the last six years, with Burberry, Hugo Boss, Gucci, Chloe and Marc Jacobs all materially higher than 2019. As a result, we expect Q2 sales to be a at the more favorable end of our previous guidance, with a return to sales and profit growth in the second half of FY26.”
