Estée Lauder’s third-quarter fiscal report for 2024, ending March 31, reveals a 5% YoY revenue increase to $3.94 billion and a 116.13% rise in net profit to $335 million, with a gross profit margin of 71.9%. Skincare revenue grew by 9% to $2.06 billion, makeup by 4% to $1.136 billion, and fragrance by 1% to $575 million, while hair care decreased by 4% to $143 million. In market breakdown, the Americas saw a 1% increase to $1.117 billion, EMEA grew by 12% to $1.647 billion, and Asia-Pacific by 3% to $1.176 billion, with China’s growth in the low single digits. CEO Fabrizio Freda expects a 5% to 9% revenue growth in the fourth quarter, noting strong demand for high-quality beauty products among Chinese consumers despite challenges in the market.