Credit: REUTERS/BRENDAN MCDERMIDAug 27 (Reuters) - Coty Inc COTY.N reported a 56% drop in quarterly sales on Thursday, as demand for its beauty products took a hit from closures of stores and parlors during coronavirus lockdowns.
Net loss attributable to Coty narrowed to $772.8 million, or $1.01 per share, in the fourth quarter ended June 30, from about $2.8 billion, or $3.72 per share, last year.
Net revenue fell on a reported basis to $922.1 million.
(Reporting by Praveen Paramasivam in Bengaluru; Editing by Sriraj Kalluvila and Sherry Jacob-Phillips)
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