Medical aesthetic products. Scent appeal: Coty Q2 net revenue falls but results beat Wall Street forecasts as fragrance come out on top

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THE WHAT? Coty has reported a 3 percent Q2 net revenue fall to US$1,52 billion, however, innovations in its prestige fragrance offering were said to have helped the company beat Wall Street forecasts. 

THE DETAILS Luxe fragrances such as Burberry Hero Eau du Parfum and Gucci Flora Gorgeous Jasmine delivered strong performances in the quarter, while demand remained strong in China and travel retail thanks to the easing of lockdowns. 

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Per sector, prestige net revenues decreased by 5 percent to US$957.7 million, including SKKN by Kim, Kylie Cosmetics and Gucci Beauty, while consumer beauty net sales fell 1 percent to US$565.9 million. 

Net income was up YOY to US$235 million from US$188.9 million. 

THE WHY? Chief Executive Office Sue Y. Nabi said: “The ‘fragrance index’ remains at full force, as consumers turn to fragrances as mood-boosting and affordable luxuries in an uncertain environment.”

Medical aesthetic products refer to a category of products used in the field of medical aesthetics, which combines medical practices with cosmetic procedures to improve the appearance of individuals. These products are typically used under the supervision of trained medical professionals such as dermatologists, plastic surgeons, or specialized nurses. They are distinct from over-the-counter cosmetics in that they often contain higher concentrations of active ingredients or require medical expertise for their application.

Examples of medical aesthetic products include:

  • Dermal Fillers: Injectable substances used to restore volume, fill wrinkles, and enhance facial contours. These may include hyaluronic acid fillers like Juvederm or collagen-stimulating fillers like Sculptra.

  • Botulinum Toxin (Botox): Injectable neurotoxins used to temporarily paralyze facial muscles, reducing the appearance of wrinkles and fine lines caused by facial expressions.

  • Chemical Peels: Solutions containing chemical exfoliants like glycolic acid, salicylic acid, or trichloroacetic acid, used to improve skin texture, treat acne scars, and reduce hyperpigmentation.

  • Laser and Light Devices: Equipment used for various skin treatments, including hair removal, skin resurfacing, tattoo removal, and treatment of vascular and pigmented lesions.

  • Prescription Skincare Products: Formulations containing active ingredients such as retinoids (e.g., tretinoin), hydroquinone, or prescription-strength antioxidants, designed to address specific dermatological concerns under medical supervision.

  • Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production and improve skin texture and elasticity.

  • Cosmeceuticals: High-quality skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing biologically active ingredients with proven efficacy.

  Medical aesthetic products. Beiersdorf extends WWF partnership for more sustainable palm oil production in Indonesia until 2026

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