Nov 9 (Reuters) - Beauty products maker Coty Inc on Thursday posted a quarterly loss on higher expenses related to the acquisition of P&G’s beauty brands and weak demand for its fragrances and color cosmetics.
Net loss attributable to the company was $19.7 million, or 3 cents per share, in the first quarter ended Sept. 30. The company broke even in the year-earlier quarter.
Net sales more than doubled to $2.24 billion, but was in line with analysts’ estimates, according to Thomson Reuters I/B/E/S. (Reporting by Gayathree Ganesan and Uday Sampath Kumar in Bengaluru; Editing by Anil D‘Silva)