P&G beauty organic sales rise 5% to $4.4 billion in Q1

· Beauty & Fashion · United States

Procter & Gamble's beauty business grew organic sales 5% to $4.4 billion in its first quarter, according to WWD. The consumer products giant said it can still do better despite the gain, signaling that management sees further room to expand the division. P&G's beauty unit spans skincare, haircare and personal care brands that compete directly with both mass-market and prestige players. The result adds to a mixed picture of the global beauty market, in which large consumer-goods companies are growing at a moderate pace while prestige and specialty brands report sharper swings.

Why it matters:P&G is a bellwether for mass-market beauty, and its organic growth rate helps set expectations for pricing power and volume across drugstore and grocery channels.

Key points

  • Organic sales in beauty rose 5% to $4.4 billion.
  • Management said the business can improve further.
  • The unit covers skincare, haircare and personal care.

Sources (original reporting)

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