In the second quarter of the 2024 fiscal year ending December 31, 2023, Coty Inc. achieved a net income of $1.73 billion, up 13 percent YoY, surpassing Wall Street‘s previous forecast of $1.68 billion. With Burberry Goddess perfume continuing to break records, revenue from the high-end beauty department grew by 17 percent this quarter, with double-digit growth in makeup revenue for brands like Kylie, Burberry, and Gucci. Lancaster continued to perform well in skincare. Revenue from the group‘s mass beauty department also grew by 7 percent. Geographically, Coty achieved growth of 10 percent, 16 percent, and 15 percent in the Americas, EMEA, and Asia Pacific markets respectively, with double-digit growth in revenue from its high-end beauty business in mainland China and more than triple growth in Hainan Island.