Aug 15, 2023 / 12:00PM GMT
Operator
Good morning, and welcome to Natura &Co's Second Quarter 2023 Earnings. On this call today are Fabio Barbosa, CEO of Natura &Co; and Guilherme Castellan, CFO of Natura &Co; Joao Paulo Ferreira, CEO of Natura &Co Latin America will join for the Q&A session. The presentation they will be referring to during this call is available on Natura &Co Investor Relations website.
I will now hand over to Fabio Barbosa.
Fabio Colletti Barbosa - Natura &Co Holding S.A. - CEO
Good morning or good afternoon to all of you, and thank you for joining us today. Very happy to be with you again.
Natura &Co continues to deliver on it's road map in the second quarter with a performance that was broadly in line with first quarter. We posted another quarter of top line growth at constant currency with sales up 1.9%, and we also posted a significant improvement in adjusted EBITDA margin of 230 points. This was mainly driven by a solid 430 basis point expansion in gross margin, benefiting from mix effects, partially offset by investment
Q2 2023 Natura & Co Holding SA Earnings Call Transcript
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