20-F 1 ntco-20231231.htm 20-F ntco-20231231.htm
true São Paulo, Brazil false 2023 FY 0001776967 --12-31 true 3 0001776967 ntco:CivilLiabilityMember 2023-12-31 0001776967 ntco:AvonMexicoMember 2022-12-31 0001776967 ntco:AvonMexicoMember 2023-12-31 0001776967 ntco:LOrealGroupMember ntco:NaturaBrazilPtyLtdMember 2023-08-30 2023-08-30 0001776967 ifrs-full:DiscontinuedOperationsMember 2022-01-01 2022-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember 2023-01-01 2023-12-31 0001776967 ifrs-full:TradeReceivablesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:TradeReceivablesMember 2021-12-31 0001776967 country:TR 2023-12-31 0001776967 ifrs-full:TradeReceivablesMember 2022-01-01 2022-12-31 0001776967 ifrs-full:SharePremiumMember 2021-12-31 0001776967 country:AR 2023-01-01 2023-12-31 0001776967 ifrs-full:SharePremiumMember 2021-01-01 2021-12-31 0001776967 ntco:AureliusInvestmentAdvisoryLimitedMember ntco:TheBodyShopMember 2023-12-29 0001776967 ifrs-full:SharePremiumMember 2022-12-31 0001776967 ntco:AureliusInvestmentAdvisoryLimitedMember ntco:TheBodyShopMember 2024-01-02 0001776967 ntco:LOrealGroupMember ntco:NaturaBrazilPtyLtdMember 2023-08-30 0001776967 country:BR 2021-01-01 2021-12-31 0001776967 ntco:AureliusInvestmentAdvisoryLimitedMember ntco:TheBodyShopMember 2028-12-29 0001776967 ntco:AureliusInvestmentAdvisoryLimitedMember ntco:TheBodyShopMember 2023-12-29 2023-12-29 0001776967 ntco:PerformanceShares1Member ifrs-full:TopOfRangeMember ntco:May052023Member 2023-01-01 2023-12-31 0001776967 2023-01-01 2023-12-31 0001776967 2022-01-01 2022-12-31 0001776967 2021-01-01 2021-12-31 0001776967 2023-12-31 0001776967 2022-12-31 0001776967 ntco:TreasuryBillsMember 2023-12-31 0001776967 ntco:TreasuryBillsMember 2022-12-31 0001776967 ntco:GovernmentBondsLFTMember 2023-12-31 0001776967 ntco:GovernmentBondsLFTMember 2022-12-31 0001776967 2021-12-31 0001776967 ntco:OperationalEntitiesMember 2023-12-31 0001776967 ifrs-full:UnrealisedForeignExchangeGainsLossesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:UnrealisedForeignExchangeGainsLossesMember 2022-01-01 2022-12-31 0001776967 ntco:DeferredTaxReclassificationFromUncertainTaxPositionsToDeferredTaxLiabilityMember 2022-01-01 2022-12-31 0001776967 ntco:DeferredTaxAssetEffectOnOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001776967 ntco:DeferredTaxFromDiscontinuedOperationsMember 2023-01-01 2023-12-31 0001776967 ntco:DeferredTaxTransferOfPrepaidToDeferredTaxMember 2023-01-01 2023-12-31 0001776967 ntco:DeferredTaxReclassificationFromUncertainTaxPositionsToDeferredTaxLiabilityMember 2023-01-01 2023-12-31 0001776967 ntco:DeferredTaxTransferBetweenDeferredIncomeTaxAndDeferredSocialContributionMember 2023-01-01 2023-12-31 0001776967 ntco:DeferredTaxAssetEffectOnProfitOrLossMember 2023-01-01 2023-12-31 0001776967 ntco:DeferredTaxAssetEffectOnOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001776967 ifrs-full:LaterThanThreeYearsMember 2022-12-31 0001776967 ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2022-12-31 0001776967 ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2022-12-31 0001776967 ifrs-full:LaterThanThreeYearsMember 2023-12-31 0001776967 ntco:NotesLuxembourgMember 2023-12-31 0001776967 ntco:EnvironmentalLiabilityMember 2023-01-01 2023-12-31 0001776967 ntco:CivilLiabilityMember 2023-01-01 2023-12-31 0001776967 ntco:NotesAvonMember 2023-12-31 0001776967 ntco:PerformanceShares1Member 2023-12-31 0001776967 ntco:StockOptionsMember 2022-01-01 2022-12-31 0001776967 ntco:DistributionOfDividendsMember 2024-03-11 2024-03-11 0001776967 ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2023-12-31 0001776967 ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2023-12-31 0001776967 ifrs-full:NoncontrollingInterestsMember 2023-12-31 0001776967 ifrs-full:EquityAttributableToOwnersOfParentMember 2023-12-31 0001776967 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001776967 ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember 2023-12-31 0001776967 ntco:IncomeFromTransactionsWithNonControllingShareholdersMember 2023-12-31 0001776967 ifrs-full:AdditionalPaidinCapitalMember 2023-12-31 0001776967 ifrs-full:IssuedCapitalMember 2023-12-31 0001776967 ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember 2023-01-01 2023-12-31 0001776967 ifrs-full:IssuedCapitalMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AdditionalPaidinCapitalMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:NoncontrollingInterestsMember 2023-01-01 2023-12-31 0001776967 ifrs-full:EquityAttributableToOwnersOfParentMember 2023-01-01 2023-12-31 0001776967 ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember 2023-01-01 2023-12-31 0001776967 ifrs-full:NoncontrollingInterestsMember 2022-12-31 0001776967 ifrs-full:EquityAttributableToOwnersOfParentMember 2022-12-31 0001776967 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001776967 ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember 2022-12-31 0001776967 ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember 2022-12-31 0001776967 ntco:IncomeFromTransactionsWithNonControllingShareholdersMember 2022-12-31 0001776967 ifrs-full:AdditionalPaidinCapitalMember 2022-12-31 0001776967 ifrs-full:IssuedCapitalMember 2022-12-31 0001776967 ifrs-full:IssuedCapitalMember 2022-01-01 2022-12-31 0001776967 ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember 2022-01-01 2022-12-31 0001776967 ifrs-full:AdditionalPaidinCapitalMember 2022-01-01 2022-12-31 0001776967 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001776967 ifrs-full:NoncontrollingInterestsMember 2022-01-01 2022-12-31 0001776967 ifrs-full:EquityAttributableToOwnersOfParentMember 2022-01-01 2022-12-31 0001776967 ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember 2022-01-01 2022-12-31 0001776967 ifrs-full:AdditionalPaidinCapitalMember 2021-01-01 2021-12-31 0001776967 ifrs-full:TreasurySharesMember 2021-01-01 2021-12-31 0001776967 ifrs-full:IssuedCapitalMember 2021-01-01 2021-12-31 0001776967 ifrs-full:EquityAttributableToOwnersOfParentMember 2021-01-01 2021-12-31 0001776967 ifrs-full:EquityAttributableToOwnersOfParentMember 2021-12-31 0001776967 ifrs-full:NoncontrollingInterestsMember 2021-01-01 2021-12-31 0001776967 ifrs-full:NoncontrollingInterestsMember 2021-12-31 0001776967 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001776967 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001776967 ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember 2021-01-01 2021-12-31 0001776967 ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember 2021-12-31 0001776967 ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember 2021-01-01 2021-12-31 0001776967 ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember 2021-12-31 0001776967 ntco:TaxIncentiveMember 2021-01-01 2021-12-31 0001776967 ntco:TaxIncentiveMember 2021-12-31 0001776967 ntco:IncomeFromTransactionsWithNonControllingShareholdersMember 2021-12-31 0001776967 ifrs-full:LaterThanSixMonthsMember ifrs-full:TradeReceivablesMember 2022-12-31 0001776967 ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember ifrs-full:TradeReceivablesMember 2022-12-31 0001776967 ifrs-full:LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember ifrs-full:TradeReceivablesMember 2022-12-31 0001776967 ifrs-full:LaterThanOneMonthAndNotLaterThanSixMonthsMember ifrs-full:TradeReceivablesMember 2022-12-31 0001776967 ifrs-full:NotLaterThanOneMonthMember ifrs-full:TradeReceivablesMember 2022-12-31 0001776967 ifrs-full:LaterThanSixMonthsMember ifrs-full:TradeReceivablesMember 2023-12-31 0001776967 ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember ifrs-full:TradeReceivablesMember 2023-12-31 0001776967 ifrs-full:LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember ifrs-full:TradeReceivablesMember 2023-12-31 0001776967 ifrs-full:LaterThanOneMonthAndNotLaterThanSixMonthsMember ifrs-full:TradeReceivablesMember 2023-12-31 0001776967 ifrs-full:NotLaterThanOneMonthMember ifrs-full:TradeReceivablesMember 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillAcquisitionOfSinguMember 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillAcquisitionOfSinguMember 2022-12-31 0001776967 ntco:GoodwillAcquisitionOfSinguMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ifrs-full:ComputerEquipmentMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ntco:RetailStoresMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ntco:WorkingCapitalDebtMember ntco:OperationsLuxemburgoMember 2023-01-01 2023-12-31 0001776967 ntco:RevolvingCreditFacility1Member ntco:OperationsLuxemburgoMember 2023-01-01 2023-12-31 0001776967 ntco:TaxContingency3Member ifrs-full:TaxContingentLiabilityMember ntco:NaturaCosmeticosSaMember 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:KeyMoneyFiniteMember ifrs-full:BottomOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:AvonProductsIncMember ntco:PerformanceRestrictedStockUnitsPRSUMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:WorkingCapitalLoanMember ntco:OperationsLuxemburgoMember 2023-01-01 2023-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:AtFairValueMember ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember 2023-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:AtFairValueMember ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember 2022-12-31 0001776967 ifrs-full:Level3OfFairValueHierarchyMember ifrs-full:AtFairValueMember ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember 2022-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:AtFairValueMember ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember 2022-12-31 0001776967 ifrs-full:Level3OfFairValueHierarchyMember ifrs-full:AtFairValueMember ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember 2023-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:AtFairValueMember ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember 2023-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:FinancialAssetsAtAmortisedCostMember ifrs-full:AtFairValueMember 2022-12-31 0001776967 ntco:TaxContingency7Member ifrs-full:TaxContingentLiabilityMember 2023-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:FinancialAssetsAtAmortisedCostMember ifrs-full:AtFairValueMember 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:LeaseholdImprovementsMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:TopOfRangeMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:VehiclesMember ifrs-full:BottomOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:PerformanceShares1Member ntco:May052023Member 2023-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember ifrs-full:TopOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:MarchTenTwoThousandSeventeenStrategyAccelerationMember ntco:StockOptionsMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:PerformanceShares1Member ntco:May052023Member 2023-01-01 2023-12-31 0001776967 ntco:DecemberSeventeenTwoThousandTwentyOneMember ntco:StockOptionsMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:RetailStoresMember ifrs-full:GrossCarryingAmountMember ifrs-full:TopOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:RestrictedStocksMember ntco:May052023Member 2023-12-31 0001776967 ntco:RestrictedStocksMember ntco:May052023Member 2023-01-01 2023-12-31 0001776967 ntco:RestrictedStocksMember ntco:MarchThirtyFirstTwoThousandTwentyOneMember 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:LeaseholdImprovementsMember ifrs-full:TopOfRangeMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:TrademarksAndPatentsFiniteMember ifrs-full:TopOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:RestrictedStocksMember ntco:MarchThirtyFirstTwoThousandTwentyOneMember 2023-01-01 2023-12-31 0001776967 ntco:AvonProductsIncMember ntco:TheBodyShopMember 2023-12-31 0001776967 ifrs-full:AdditionalPaidinCapitalMember 2021-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember 2023-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember 2022-12-31 0001776967 ifrs-full:Level3OfFairValueHierarchyMember ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember 2022-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:RelationshipWithFranchiseesAndSubFranchiseesMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:FinancialAssetsAtAmortisedCostMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:AvonProductsIncMember ntco:PersonalSavingsAccountPlanMember country:US ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:JulyElevenTwoThousandSixteenStrategyAccelerationMember ntco:StockOptionsMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:RestrictedStocksMember ntco:March312021AsModifiedInSeptember2022Member ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:FacilitiesMember ifrs-full:TopOfRangeMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerSoftwareMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:FurnitureAndFixtures1Member ifrs-full:BottomOfRangeMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:TrademarksAndPatentsFiniteMember ifrs-full:BottomOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:PerformanceShares1Member ifrs-full:BottomOfRangeMember ntco:May052023Member 2023-01-01 2023-12-31 0001776967 ntco:RetailStoresMember ifrs-full:GrossCarryingAmountMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:BottomOfRangeMember ifrs-full:MachineryMember 2023-01-01 2023-12-31 0001776967 ifrs-full:VehiclesMember ifrs-full:BottomOfRangeMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ntco:DecemberSeventeenTwoThousandTwentyOneMember ntco:StockOptionsMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:PerformanceShares1Member ifrs-full:BottomOfRangeMember ntco:April142022Member 2023-01-01 2023-12-31 0001776967 ifrs-full:Level3OfFairValueHierarchyMember ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember 2023-12-31 0001776967 ntco:SpecialReserveMember 2021-12-31 0001776967 ifrs-full:IssuedCapitalMember 2021-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember 2023-12-31 0001776967 ntco:OperationsLuxemburgoMember ntco:WorkingCapitalLoanMember ntco:LocalCurrencyMember 2022-12-31 0001776967 ntco:DebenturesSeries11Member 2022-07-25 2022-07-25 0001776967 ifrs-full:AtFairValueMember 2022-12-31 0001776967 ifrs-full:AtFairValueMember 2023-12-31 0001776967 ntco:NaturaAndCoInternationalSarlMember 2022-01-01 2022-12-31 0001776967 ntco:AvonProductsIncMember 2022-01-01 2022-12-31 0001776967 ntco:NaturaAndCoInternationalSarlMember 2023-01-01 2023-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2023-01-01 2023-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:FinancialAssetsAtAmortisedCostMember 2023-12-31 0001776967 ifrs-full:InterestRateRiskMember ntco:ScenarioThreeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:InterestRateRiskMember ntco:ScenarioTwoMember 2023-01-01 2023-12-31 0001776967 ifrs-full:InterestRateRiskMember ntco:ProbableScenarioMember 2023-01-01 2023-12-31 0001776967 ntco:BrazilianRealPerUSDollarMember ntco:ProbableScenarioMember 2023-12-31 0001776967 ntco:ScenarioIIDepreciation50PercentageMember ntco:BrazilianRealPerUSDollarMember 2023-12-31 0001776967 ntco:ScenarioIDepreciation25PercentageMember ntco:BrazilianRealPerUSDollarMember 2023-12-31 0001776967 ntco:ScenarioIDepreciation25PercentageMember ntco:BrazilianRealPerUSDollarMember 2023-01-01 2023-12-31 0001776967 ntco:ScenarioRealMember ntco:BrazilianRealPerUSDollarMember 2023-12-31 0001776967 ntco:DebenturesMaturityOnJuly212027Member currency:BRL 2023-01-01 2023-12-31 0001776967 ntco:BusinessNotesMember currency:BRL 2023-01-01 2023-12-31 0001776967 ntco:NotesLuxembourgMember currency:USD 2023-01-01 2023-12-31 0001776967 ntco:AesopMember ntco:IntangibleAssetsAndGoodwillWithIndefiniteUsefulLifeMember 2022-12-31 0001776967 ntco:TBSInternationalMember ntco:IntangibleAssetsAndGoodwillWithIndefiniteUsefulLifeMember 2022-12-31 0001776967 ntco:ForwardContractFourMember 2023-12-31 0001776967 ntco:ForwardContractFourMember 2023-01-01 2023-12-31 0001776967 ntco:ForwardContractTwoMember 2023-12-31 0001776967 ntco:ForwardContractTwoMember 2023-01-01 2023-12-31 0001776967 ifrs-full:InterestRateRiskMember 2023-01-01 2023-12-31 0001776967 ntco:LongPositionUsDollarSwapContractOneMember 2023-12-31 0001776967 ntco:LongPositionUsDollarSwapContractOneMember 2022-12-31 0001776967 ntco:ShortPositionCDIFloatingRateSwapContractOneMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember ifrs-full:BottomOfRangeMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:LongPositionUsDollarSwapContractOneMember 2022-01-01 2022-12-31 0001776967 ntco:AvonInternationalMember ntco:IntangibleAssetsAndGoodwillWithIndefiniteUsefulLifeMember 2022-12-31 0001776967 ntco:NaturaAndCoLatamMember ntco:IntangibleAssetsAndGoodwillWithIndefiniteUsefulLifeMember 2022-12-31 0001776967 ntco:AesopMember ntco:IntangibleAssetsAndGoodwillWithIndefiniteUsefulLifeMember 2023-12-31 0001776967 ntco:TBSInternationalMember ntco:IntangibleAssetsAndGoodwillWithIndefiniteUsefulLifeMember 2023-12-31 0001776967 ntco:AvonInternationalMember ntco:IntangibleAssetsAndGoodwillWithIndefiniteUsefulLifeMember 2023-12-31 0001776967 ntco:NaturaAndCoLatamMember ntco:IntangibleAssetsAndGoodwillWithIndefiniteUsefulLifeMember 2023-12-31 0001776967 ntco:AesopMember ifrs-full:GoodwillMember 2023-12-31 0001776967 ntco:TBSInternationalMember ifrs-full:GoodwillMember 2023-12-31 0001776967 ntco:AvonInternationalMember ifrs-full:GoodwillMember 2023-12-31 0001776967 ntco:StockOptionsMember ifrs-full:BottomOfRangeMember ntco:MarchTwelveTwoThousandEighteenStrategyAccelerationMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:RelationshipWithFranchiseesAndSubFranchiseesMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember ifrs-full:BottomOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:AvonMember ifrs-full:PensionDefinedBenefitPlansMember ifrs-full:BottomOfRangeMember 2023-12-31 0001776967 ntco:September142022Member ntco:StockOptionsMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:ShortPositionCDIFloatingRateSwapContractOneMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember ifrs-full:TopOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:NaturaAndCoLatamMember ifrs-full:GoodwillMember 2023-12-31 0001776967 ntco:AesopMember ifrs-full:GoodwillMember 2022-12-31 0001776967 ntco:TBSInternationalMember ifrs-full:GoodwillMember 2022-12-31 0001776967 ntco:AvonInternationalMember ifrs-full:GoodwillMember 2022-12-31 0001776967 ntco:NaturaAndCoLatamMember ifrs-full:GoodwillMember 2022-12-31 0001776967 ntco:AesopMember ntco:TrademarksAndPatentsMember 2022-12-31 0001776967 ntco:TBSInternationalMember ntco:TrademarksAndPatentsMember 2022-12-31 0001776967 ntco:AvonInternationalMember ntco:TrademarksAndPatentsMember 2022-12-31 0001776967 ntco:NaturaAndCoLatamMember ntco:TrademarksAndPatentsMember 2022-12-31 0001776967 ntco:AesopMember ntco:TrademarksAndPatentsMember 2023-12-31 0001776967 ntco:TBSInternationalMember ntco:TrademarksAndPatentsMember 2023-12-31 0001776967 ntco:AvonInternationalMember ntco:TrademarksAndPatentsMember 2023-12-31 0001776967 ntco:ShortPositionCDIFloatingRateSwapContractOneMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:FacilitiesMember ifrs-full:BottomOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:NaturaAndCoLatamMember ntco:TrademarksAndPatentsMember 2023-12-31 0001776967 ntco:ShortPositionCDIFloatingRateSwapContractOneMember 2023-12-31 0001776967 ifrs-full:OtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-01-01 2022-12-31 0001776967 ifrs-full:TechnologybasedIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-01-01 2022-12-31 0001776967 ntco:RelationshipWithFranchiseesAndSubFranchiseesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-01-01 2022-12-31 0001776967 ifrs-full:CustomerrelatedIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-01-01 2022-12-31 0001776967 ntco:KeyMoneyFiniteMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-01-01 2022-12-31 0001776967 ntco:TrademarksAndPatentsFiniteMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-01-01 2022-12-31 0001776967 ifrs-full:ComputerSoftwareMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-01-01 2022-12-31 0001776967 ifrs-full:OtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001776967 ifrs-full:TechnologybasedIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001776967 ntco:RelationshipWithFranchiseesAndSubFranchiseesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001776967 ntco:LongPositionUsDollarSwapContractOneMember 2023-01-01 2023-12-31 0001776967 ifrs-full:CustomerrelatedIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001776967 ntco:KeyMoneyFiniteMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001776967 ntco:TrademarksAndPatentsFiniteMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001776967 ifrs-full:ComputerSoftwareMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001776967 ntco:RelationshipWithFranchiseesAndSubFranchiseesMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ntco:KeyMoneyFiniteMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ntco:TrademarksAndPatentsFiniteMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ifrs-full:ComputerSoftwareMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ifrs-full:OtherIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:TechnologybasedIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:NaturaAndCoLatamMember 2023-12-31 0001776967 ntco:AvonInternationalMember 2023-12-31 0001776967 ntco:IntangibleAssetsAndGoodwillWithIndefiniteUsefulLifeMember 2022-12-31 0001776967 ntco:IntangibleAssetsAndGoodwillWithIndefiniteUsefulLifeMember 2023-12-31 0001776967 ifrs-full:GoodwillMember 2023-12-31 0001776967 ifrs-full:GoodwillMember 2022-12-31 0001776967 ntco:TrademarksAndPatentsMember 2022-12-31 0001776967 ntco:TrademarksAndPatentsMember 2023-12-31 0001776967 ntco:RelationshipWithFranchiseesAndSubFranchiseesMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:KeyMoneyFiniteMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:KeyMoneyIndefiniteMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:CustomerrelatedIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:GoodwillAcquisitionOfTheBodyShopStoresMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:GoodwillTheBodyShopInternationalLimitedMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:GoodwillEmeisBrazilPtyLtdMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:GoodwillAvonMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:TrademarksAndPatentsIndefiniteMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:TrademarksAndPatentsFiniteMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:JulyElevenTwoThousandSixteenStrategyAccelerationMember ntco:StockOptionsMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:WorkingCapitalLoanMember currency:USD ntco:OperationsLuxemburgoMember 2023-01-01 2023-12-31 0001776967 ntco:MarchSixteenTwoThousandFifteenMember ntco:StockOptionsMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:AprilTwelveTwoThousandNineteenStrategyAccelerationMember ntco:StockOptionsMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:RetailStoresMember ifrs-full:GrossCarryingAmountMember ifrs-full:BottomOfRangeMember 2022-01-01 2022-12-31 0001776967 ifrs-full:ComputerSoftwareMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:OtherIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ifrs-full:TechnologybasedIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:VehiclesMember ifrs-full:TopOfRangeMember 2022-01-01 2022-12-31 0001776967 ifrs-full:TopOfRangeMember ntco:UnimedPlanMember ntco:NaturaCosmeticosSaMember 2023-12-31 0001776967 ifrs-full:BuildingsMember ntco:IndustriaEComercioDeCosmeticosNaturaLtdaMember ifrs-full:RightofuseAssetsMember ntco:BresItupevaEmpreendimentosImobiliariosLtdaMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:KeyMoneyIndefiniteMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:CustomerrelatedIntangibleAssetsMember 2022-01-01 2022-12-31 0001776967 ifrs-full:BuildingsMember ntco:IndustriaEComercioDeCosmeticosNaturaLtdaMember ifrs-full:RightofuseAssetsMember ntco:BresItupevaEmpreendimentosImobiliariosLtdaMember 2022-01-01 2022-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:RightofuseAssetsMember ntco:BrescoLogisticaFundoDeInvestimentoImobiliarioMember 2023-01-01 2023-12-31 0001776967 ntco:NaturaLatamMember 2022-01-01 2022-12-31 0001776967 ntco:AvonInternationalMember 2022-12-31 0001776967 ntco:ForeignCurrencyMember 2022-12-31 0001776967 ntco:AvonInternationalMember 2021-01-01 2021-12-31 0001776967 ntco:OtherCountryInEuropeMiddleEastAndAfricaMember 2021-01-01 2021-12-31 0001776967 srt:AsiaMember 2023-01-01 2023-12-31 0001776967 ntco:ForeignCurrencyMember 2023-12-31 0001776967 country:BR 2022-12-31 0001776967 srt:NorthAmericaMember 2023-12-31 0001776967 srt:SouthAmericaMember 2023-12-31 0001776967 ntco:OtherCountryInSouthAmericaMember 2023-01-01 2023-12-31 0001776967 ntco:OtherCountryInEuropeMiddleEastAndAfricaMember 2023-01-01 2023-12-31 0001776967 srt:NorthAmericaMember 2021-01-01 2021-12-31 0001776967 ntco:OtherCountryInSouthAmericaMember 2021-01-01 2021-12-31 0001776967 ntco:AvonInternationalMember 2023-01-01 2023-12-31 0001776967 srt:SouthAmericaMember 2022-12-31 0001776967 ntco:AesopMember 2023-01-01 2023-12-31 0001776967 ntco:AesopMember 2022-01-01 2022-12-31 0001776967 country:MX 2021-01-01 2021-12-31 0001776967 ntco:AvonInternationalMember 2023-12-31 0001776967 ntco:CorporateExpensesMember 2021-12-31 0001776967 srt:NorthAmericaMember 2022-01-01 2022-12-31 0001776967 country:AR 2023-12-31 0001776967 country:GB 2023-01-01 2023-12-31 0001776967 country:BR 2023-01-01 2023-12-31 0001776967 srt:NorthAmericaMember 2023-01-01 2023-12-31 0001776967 country:BR 2023-12-31 0001776967 ntco:TheBodyShopMember 2022-12-31 0001776967 country:TR 2022-12-31 0001776967 ntco:UnsecuredDebenturesMember 2023-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:RightofuseAssetsMember ntco:BrescoLogisticaFundoDeInvestimentoImobiliarioMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillAcquisitionOfTheBodyShopStoresMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillTheBodyShopInternationalLimitedMember 2022-01-01 2022-12-31 0001776967 ifrs-full:RightofuseAssetsMember ifrs-full:BuildingsMember ntco:BrescoIxMember 2022-01-01 2022-12-31 0001776967 ntco:RestrictedStocksMember ntco:April142022Member ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillEmeisBrazilPtyLtdMember 2022-01-01 2022-12-31 0001776967 ntco:UnsecuredDebenturesMember 2022-12-31 0001776967 ntco:UnsecuredDebenturesMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillAvonMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:TrademarksAndPatentsIndefiniteMember 2022-01-01 2022-12-31 0001776967 ifrs-full:OtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember ifrs-full:BottomOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:MarchTenTwoThousandSeventeenMember ntco:StockOptionsMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:PerformanceShares1Member ifrs-full:TopOfRangeMember ntco:April142022Member 2023-01-01 2023-12-31 0001776967 ntco:UnsecuredDebenturesMember 2023-01-01 2023-12-31 0001776967 ntco:OtherCountryInSouthAmericaMember 2022-12-31 0001776967 ntco:NaturaLatamMember 2021-01-01 2021-12-31 0001776967 country:MX 2022-12-31 0001776967 ntco:EuropeMiddleEastAndAfricaMember 2023-12-31 0001776967 ntco:AesopMember 2021-12-31 0001776967 ntco:TheBodyShopMember 2023-12-31 0001776967 country:AR 2022-01-01 2022-12-31 0001776967 ntco:EuropeMiddleEastAndAfricaMember 2023-01-01 2023-12-31 0001776967 ntco:OtherCountryInEuropeMiddleEastAndAfricaMember 2022-01-01 2022-12-31 0001776967 country:AR 2023-12-31 0001776967 ntco:LocalCurrencyMember 2023-12-31 0001776967 ntco:AesopMember 2021-01-01 2021-12-31 0001776967 ntco:AesopMember 2022-12-31 0001776967 ntco:OtherCountryInNorthAmericaMember 2022-01-01 2022-12-31 0001776967 ntco:OtherCountryInEuropeMiddleEastAndAfricaMember 2022-12-31 0001776967 country:MX 2023-01-01 2023-12-31 0001776967 srt:AsiaMember 2021-01-01 2021-12-31 0001776967 ntco:OtherCountryInSouthAmericaMember 2022-01-01 2022-12-31 0001776967 srt:AsiaMember 2022-01-01 2022-12-31 0001776967 ntco:NaturaLatamMember 2023-01-01 2023-12-31 0001776967 ntco:EuropeMiddleEastAndAfricaMember 2022-01-01 2022-12-31 0001776967 srt:SouthAmericaMember 2022-01-01 2022-12-31 0001776967 country:AR 2022-12-31 0001776967 ntco:OceaniaMember 2022-01-01 2022-12-31 0001776967 ntco:AesopMember 2023-12-31 0001776967 ntco:DebenturesSeries11Member 2022-07-25 0001776967 ntco:LaborProvisionMember 2023-12-31 0001776967 ntco:CivilProvisionMember 2023-12-31 0001776967 ntco:TaxProvisionMember 2023-12-31 0001776967 ifrs-full:BusinessCombinationsMember 2022-01-01 2022-12-31 0001776967 ifrs-full:BusinessCombinationsMember 2023-01-01 2023-12-31 0001776967 ntco:LaborProvisionMember 2022-01-01 2022-12-31 0001776967 ntco:LaborProvisionMember 2023-01-01 2023-12-31 0001776967 ntco:CivilProvisionMember 2022-01-01 2022-12-31 0001776967 ntco:CivilProvisionMember 2023-01-01 2023-12-31 0001776967 ifrs-full:TechnologybasedIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ntco:RelationshipWithFranchiseesAndSubFranchiseesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ifrs-full:CustomerrelatedIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ntco:KeyMoneyFiniteMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ntco:TrademarksAndPatentsFiniteMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ifrs-full:ComputerSoftwareMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ifrs-full:OtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-01-01 2023-12-31 0001776967 ifrs-full:TechnologybasedIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-01-01 2023-12-31 0001776967 ntco:RelationshipWithFranchiseesAndSubFranchiseesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-01-01 2023-12-31 0001776967 ifrs-full:CustomerrelatedIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-01-01 2023-12-31 0001776967 ntco:KeyMoneyFiniteMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-01-01 2023-12-31 0001776967 ntco:TrademarksAndPatentsFiniteMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-01-01 2023-12-31 0001776967 ifrs-full:ComputerSoftwareMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:CustomerrelatedIntangibleAssetsMember 2022-12-31 0001776967 ifrs-full:OtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-12-31 0001776967 ifrs-full:TechnologybasedIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-12-31 0001776967 ntco:RelationshipWithFranchiseesAndSubFranchiseesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-12-31 0001776967 ntco:KeyMoneyFiniteMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-12-31 0001776967 ntco:TrademarksAndPatentsFiniteMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-12-31 0001776967 ifrs-full:ComputerSoftwareMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-12-31 0001776967 ntco:TaxProvisionMember 2022-01-01 2022-12-31 0001776967 ifrs-full:OtherIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ifrs-full:TechnologybasedIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:RelationshipWithFranchiseesAndSubFranchiseesMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:KeyMoneyFiniteMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:KeyMoneyIndefiniteMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ifrs-full:CustomerrelatedIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:GoodwillAcquisitionOfTheBodyShopStoresMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:GoodwillTheBodyShopInternationalLimitedMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:GoodwillEmeisBrazilPtyLtdMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:GoodwillAvonMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:TrademarksAndPatentsIndefiniteMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:TrademarksAndPatentsFiniteMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ifrs-full:ComputerSoftwareMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:RelationshipWithFranchiseesAndSubFranchiseesMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ntco:TaxProvisionMember 2023-01-01 2023-12-31 0001776967 ntco:KeyMoneyFiniteMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ntco:TrademarksAndPatentsFiniteMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ntco:MarchTwelveTwoThousandEighteenMember ntco:StockOptionsMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerSoftwareMember ifrs-full:TopOfRangeMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:ToolsAndAccessoriesMember ifrs-full:BottomOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:AvonProductsIncMember ntco:PersonalSavingsAccountPlanMember country:US ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerSoftwareMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:KeyMoneyFiniteMember ifrs-full:TopOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:AvonProductsIncMember ntco:PersonalSavingsAccountPlanMember country:US 2023-12-31 0001776967 ntco:AvonProductsIncMember ntco:PersonalSavingsAccountPlanMember country:US 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:OtherIntangibleAssetsMember 2022-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2023-12-31 0001776967 ifrs-full:BusinessCombinationsMember 2021-12-31 0001776967 ifrs-full:BusinessCombinationsMember 2022-12-31 0001776967 ntco:LaborProvisionMember 2021-12-31 0001776967 ntco:LaborProvisionMember 2022-12-31 0001776967 ntco:CivilProvisionMember 2021-12-31 0001776967 ntco:CivilProvisionMember 2022-12-31 0001776967 ntco:TaxProvisionMember 2021-12-31 0001776967 ntco:TaxProvisionMember 2022-12-31 0001776967 ifrs-full:BusinessCombinationsMember 2023-12-31 0001776967 ntco:LaborRelatedContingentLiabiltyMember 2023-12-31 0001776967 ifrs-full:TaxContingentLiabilityMember 2023-12-31 0001776967 ntco:LaborRelatedContingentLiabiltyMember 2022-12-31 0001776967 ifrs-full:LegalProceedingsContingentLiabilityMember 2022-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2022-01-01 2022-12-31 0001776967 ifrs-full:TaxContingentLiabilityMember 2022-12-31 0001776967 ntco:AvonProductsIncMember 2022-01-01 2022-12-31 0001776967 ifrs-full:LegalProceedingsContingentLiabilityMember 2023-12-31 0001776967 ntco:NaturaAndCoInternationalSarlMember 2022-12-31 0001776967 ntco:AvonMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:TechnologybasedIntangibleAssetsMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:RelationshipWithFranchiseesAndSubFranchiseesMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:KeyMoneyFiniteMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:KeyMoneyIndefiniteMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:CustomerrelatedIntangibleAssetsMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillAcquisitionOfTheBodyShopStoresMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillTheBodyShopInternationalLimitedMember 2022-12-31 0001776967 ntco:OceaniaMember 2021-01-01 2021-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillEmeisBrazilPtyLtdMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillAvonMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:TrademarksAndPatentsIndefiniteMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:TrademarksAndPatentsFiniteMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerSoftwareMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:OtherIntangibleAssetsMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillTheBodyShopInternationalLimitedMember 2023-01-01 2023-12-31 0001776967 ntco:TheBodyShopMember 2022-01-01 2022-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:TechnologybasedIntangibleAssetsMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:KeyMoneyIndefiniteMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:CustomerrelatedIntangibleAssetsMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillAcquisitionOfTheBodyShopStoresMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillEmeisBrazilPtyLtdMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:GoodwillAvonMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:TrademarksAndPatentsIndefiniteMember 2023-01-01 2023-12-31 0001776967 ntco:CommercialNotesMember ntco:NaturaCosmeticosSaMember 2022-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2022-01-01 2022-12-31 0001776967 ntco:CommercialNotesMember ntco:NaturaCosmeticosSaMember 2023-12-31 0001776967 ntco:CommercialNotesMember ntco:NaturaCosmeticosSaMember 2023-01-01 2023-12-31 0001776967 ntco:CommercialNotesMember ntco:NaturaCosmeticosSaMember 2022-09-19 0001776967 ntco:Notes8PointFourFivePercentDueMarch152043Member ntco:UnsecuredDebt1Member 2023-01-01 2023-12-31 0001776967 ntco:Notes8PointFourFivePercentDueMarch152043Member ntco:UnsecuredDebt1Member 2023-12-31 0001776967 ntco:NotesESGMember ntco:NaturaCosmeticosSaMember 2023-12-31 0001776967 ntco:NotesESGMember ntco:NaturaCosmeticosSaMember 2023-08-31 0001776967 ntco:NotesESGMember ntco:NaturaCosmeticosSaMember 2023-01-01 2023-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:AvonProductsIncMember ntco:RetirementSavingsAccountPlanMember country:US ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:MarchTenTwoThousandSeventeenStrategyAccelerationMember ntco:StockOptionsMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2023-01-01 2023-12-31 0001776967 ntco:NotesESGMember ntco:NaturaCosmeticosSaMember 2021-05-04 0001776967 ifrs-full:BottomOfRangeMember ntco:BradescoPlanMember ntco:NaturaCosmeticosSaMember 2022-12-31 0001776967 ntco:EuropeMiddleEastAndAfricaMember 2022-12-31 0001776967 ntco:AvonProductsIncMember ntco:PersonalSavingsAccountPlanMember country:US 2022-01-01 2022-12-31 0001776967 ntco:NotesESGMember ntco:NaturaCosmeticosSaMember 2021-05-04 2021-05-04 0001776967 ntco:OceaniaMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001776967 ntco:UnsecuredDebenturesDueAugustTwentySixTwoThousandTwentyFourMember ntco:NaturaCosmeticosSaMember 2022-12-06 2022-12-06 0001776967 ntco:DebenturesSeries12Member ntco:TrancheThreeMember 2023-12-31 0001776967 ntco:DebenturesSeries12Member ntco:TrancheOneMember 2023-12-31 0001776967 ntco:DebenturesSeries12Member ntco:TrancheTwoMember 2023-12-31 0001776967 ntco:DebenturesSeries12Member ntco:TrancheThreeMember 2023-01-01 2023-12-31 0001776967 ntco:DebenturesSeries12Member ntco:TrancheTwoMember 2023-01-01 2023-12-31 0001776967 ntco:DebenturesSeries12Member ntco:TrancheOneMember 2023-01-01 2023-12-31 0001776967 ntco:LineOfCreditFacilityMember ntco:OperationsTheBodyShopMember 2022-01-01 2022-12-31 0001776967 ntco:LineOfCreditFacilityMember ntco:OperationsLuxemburgoMember 2022-12-31 0001776967 ntco:CommercialNotesMember ntco:NaturaCosmeticosSaMember 2022-01-01 2022-12-31 0001776967 ntco:NotesLuxembourgMember ntco:OperationsLuxemburgoMember 2022-12-31 0001776967 ntco:RevolvingCreditFacility1Member ntco:OperationsLuxemburgoMember 2022-12-31 0001776967 ifrs-full:BusinessCombinationsMember ntco:TaxProvisionMember 2023-12-31 0001776967 ifrs-full:BusinessCombinationsMember ntco:LaborProvisionMember 2023-12-31 0001776967 ntco:TaxContingency6Member ifrs-full:TaxContingentLiabilityMember 2022-12-31 0001776967 ifrs-full:TaxContingentLiabilityMember ntco:TaxContingency5Member 2022-12-31 0001776967 ntco:TaxContingency4Member ifrs-full:TaxContingentLiabilityMember 2022-12-31 0001776967 ifrs-full:TaxContingentLiabilityMember ntco:TaxContingency3Member 2022-12-31 0001776967 ntco:TaxContingency2Member ifrs-full:TaxContingentLiabilityMember 2022-12-31 0001776967 ntco:TaxContingency6Member ifrs-full:TaxContingentLiabilityMember 2023-12-31 0001776967 ifrs-full:TaxContingentLiabilityMember ntco:TaxContingency5Member 2023-12-31 0001776967 ntco:TaxContingency4Member ifrs-full:TaxContingentLiabilityMember 2023-12-31 0001776967 ifrs-full:TaxContingentLiabilityMember ntco:TaxContingency3Member 2023-12-31 0001776967 ntco:TaxContingency2Member ifrs-full:TaxContingentLiabilityMember 2023-12-31 0001776967 ntco:DebenturesMaturityOnJuly212027Member currency:BRL 2023-12-31 0001776967 ntco:NaturaCosmeticosSaMember ifrs-full:TopOfRangeMember 2022-12-31 0001776967 ntco:DebenturesMember ntco:LocalCurrencyMember 2023-12-31 0001776967 ntco:DebenturesMaturityOnSeptember142029Member currency:BRL 2023-12-31 0001776967 ifrs-full:TopOfRangeMember ntco:AverageDiscountRate1Member 2023-12-31 0001776967 ntco:NaturaAndCoInternationalSarlMember 2023-12-31 0001776967 ntco:AvonMember ifrs-full:PensionDefinedBenefitPlansMember ifrs-full:TopOfRangeMember 2023-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2023-12-31 0001776967 ntco:AvonProductsIncMember ntco:PerformanceRestrictedStockUnitsPRSUMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:BottomOfRangeMember ntco:BradescoPlanMember ntco:NaturaCosmeticosSaMember 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:RelationshipWithFranchiseesAndSubFranchiseesMember ifrs-full:TopOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:AvonMember 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2021-12-31 0001776967 ntco:AvonProductsIncMember ntco:CivilProvisionMember 2022-01-01 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-01-01 2022-12-31 0001776967 ntco:NotesMember ntco:ForeignCurrencyMember 2022-12-31 0001776967 ntco:AvonProductsIncMember ifrs-full:LegalProceedingsContingentLiabilityMember 2023-01-01 2023-12-31 0001776967 ifrs-full:LegalProceedingsContingentLiabilityMember ntco:AvonProductsIncMember 2023-12-31 0001776967 ntco:NotesMember ntco:ForeignCurrencyMember 2023-12-31 0001776967 ntco:AvonMember 2023-01-01 2023-12-31 0001776967 ntco:NotesAvonMember currency:USD 2023-01-01 2023-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2022-12-31 0001776967 ifrs-full:TopOfRangeMember ntco:AverageDiscountRate4Member 2023-12-31 0001776967 ntco:FINEPMember ntco:LocalCurrencyMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:FacilitiesMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:AvonMember ifrs-full:PensionDefinedBenefitPlansMember ifrs-full:TopOfRangeMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:LeaseholdImprovementsMember ifrs-full:BottomOfRangeMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:KeyMoneyFiniteMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2022-12-31 0001776967 ntco:MajorCustomerMember ifrs-full:ForeignCountriesMember 2023-12-31 0001776967 ntco:DebenturesMember ntco:LocalCurrencyMember 2022-12-31 0001776967 ntco:FINEPMember ntco:LocalCurrencyMember 2023-12-31 0001776967 ntco:DebenturesMaturityOnSeptember142029Member currency:BRL 2023-01-01 2023-12-31 0001776967 country:AR 2022-12-31 0001776967 ntco:DebenturesMaturityOnSeptember142027Member currency:BRL 2023-01-01 2023-12-31 0001776967 country:GB 2023-12-31 0001776967 ntco:ScenarioRealMember currency:USD 2023-12-31 0001776967 ntco:DebenturesMaturityOnSeptember142032Member currency:BRL 2023-12-31 0001776967 ntco:NotesAvonMember ntco:LocalCurrencyMember 2022-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2023-01-01 2023-12-31 0001776967 ifrs-full:TopOfRangeMember ntco:AverageDiscountRate2Member 2023-12-31 0001776967 ntco:AvonMember ifrs-full:PensionDefinedBenefitPlansMember 2022-12-31 0001776967 ifrs-full:ActuarialAssumptionOfMedicalCostTrendRatesMember ntco:NaturaCosmeticosSaMember 2023-12-31 0001776967 ntco:AvonProductsIncMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:LocalCurrencyMember 2022-12-31 0001776967 ntco:TheBodyShopMember 2023-01-01 2023-12-31 0001776967 ntco:NotesLuxembourgMember ntco:LocalCurrencyMember 2022-12-31 0001776967 ntco:AvonMember ifrs-full:PensionDefinedBenefitPlansMember 2023-01-01 2023-12-31 0001776967 ntco:ScenarioRealMember currency:USD 2023-01-01 2023-12-31 0001776967 ntco:NaturaCosmeticosSaMember ifrs-full:BottomOfRangeMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:ToolsAndAccessoriesMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:BusinessNotesMember ntco:LocalCurrencyMember 2022-12-31 0001776967 currency:BRL ntco:BusinessNotesMember 2023-12-31 0001776967 ntco:AvonMember ifrs-full:PensionDefinedBenefitPlansMember 2023-12-31 0001776967 ntco:AvonMember ifrs-full:PensionDefinedBenefitPlansMember 2021-12-31 0001776967 ntco:OperationsAvonMember ntco:WorkingCapitalLoanMember ntco:LocalCurrencyMember 2022-12-31 0001776967 ntco:NotesLuxembourgMember ntco:LocalCurrencyMember 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ntco:ToolsAndAccessoriesMember 2022-01-01 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:ComputerEquipmentMember 2022-01-01 2022-12-31 0001776967 ifrs-full:ComputerEquipmentMember ifrs-full:GrossCarryingAmountMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ntco:RetailStoresMember 2022-01-01 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:CommunicationAndNetworkEquipmentMember 2022-01-01 2022-12-31 0001776967 ifrs-full:TopOfRangeMember ntco:UnimedPlanMember ntco:NaturaCosmeticosSaMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:BuildingsMember 2022-01-01 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:MachineryMember 2022-01-01 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:VehiclesMember 2022-01-01 2022-12-31 0001776967 ifrs-full:ActuarialAssumptionOfDiscountRatesMember ntco:NaturaCosmeticosSaMember 2023-12-31 0001776967 ntco:AvonMember ifrs-full:PensionDefinedBenefitPlansMember 2022-01-01 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ntco:ToolsAndAccessoriesMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:ComputerEquipmentMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ntco:RetailStoresMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:CommunicationAndNetworkEquipmentMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:BuildingsMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:MachineryMember 2021-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember ifrs-full:TopOfRangeMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2022-01-01 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:VehiclesMember 2021-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:ToolsAndAccessoriesMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:RetailStoresMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:CommunicationAndNetworkEquipmentMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:VehiclesMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:RetailStoresMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember 2022-01-01 2022-12-31 0001776967 ntco:ToolsAndAccessoriesMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:ComputerEquipmentMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:RetailStoresMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:CommunicationAndNetworkEquipmentMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:VehiclesMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:ToolsAndAccessoriesMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ifrs-full:CommunicationAndNetworkEquipmentMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ifrs-full:VehiclesMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ntco:NaturaAndCoInternationalSarlMember ifrs-full:PostemploymentMedicalDefinedBenefitPlansMember 2023-12-31 0001776967 ntco:NaturaCosmeticosSaMember ifrs-full:PostemploymentMedicalDefinedBenefitPlansMember 2023-12-31 0001776967 ntco:OfficersMember 2023-01-01 2023-12-31 0001776967 ntco:BoardOfDirectorsMember 2023-01-01 2023-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2022-01-01 2022-12-31 0001776967 ntco:NaturaAndCoInternationalSarlMember ifrs-full:PostemploymentMedicalDefinedBenefitPlansMember 2022-12-31 0001776967 ntco:NaturaCosmeticosSaMember ifrs-full:PostemploymentMedicalDefinedBenefitPlansMember 2022-12-31 0001776967 ntco:ToolsAndAccessoriesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ntco:AvonMember ifrs-full:PensionDefinedBenefitPlansMember ifrs-full:BottomOfRangeMember 2022-12-31 0001776967 ntco:OperationsLuxemburgoMember ntco:WorkingCapitalLoanMember ntco:LocalCurrencyMember 2023-12-31 0001776967 ntco:AvonProductsIncMember ntco:RetirementSavingsAccountPlanMember country:US ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:TrademarksAndPatentsFiniteMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:MarchSixteenTwoThousandFifteenMember ntco:StockOptionsMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:ComputerEquipmentMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ntco:RetailStoresMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ifrs-full:CommunicationAndNetworkEquipmentMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ifrs-full:VehiclesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2023-12-31 0001776967 ifrs-full:ComputerEquipmentMember ifrs-full:GrossCarryingAmountMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:BottomOfRangeMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ntco:ToolsAndAccessoriesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:RelationshipWithFranchiseesAndSubFranchiseesMember ifrs-full:BottomOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:AvonProductsIncMember country:US ntco:RestrictedStockUnitRSUMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:ComputerEquipmentMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ntco:RetailStoresMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:CommunicationAndNetworkEquipmentMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:BuildingsMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:MachineryMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:VehiclesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ntco:ToolsAndAccessoriesMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:ComputerEquipmentMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ntco:RetailStoresMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:CommunicationAndNetworkEquipmentMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:BuildingsMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:MachineryMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:VehiclesMember 2022-12-31 0001776967 ntco:ToolsAndAccessoriesMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ifrs-full:CommunicationAndNetworkEquipmentMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ifrs-full:VehiclesMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ifrs-full:VehiclesMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:ProjectsInProgressMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:OtherPropertyPlantAndEquipmentMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:ComputerEquipmentMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:LandMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:FurnitureAndFixtures1Member ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:LeaseholdImprovementsMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:FacilitiesMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:ToolsAndAccessoriesMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ntco:TemplatesMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:VehiclesMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001776967 ifrs-full:BottomOfRangeMember ntco:AverageDiscountRate2Member 2023-12-31 0001776967 ntco:OperationsAvonMember ntco:WorkingCapitalLoanMember ntco:LocalCurrencyMember 2023-12-31 0001776967 ifrs-full:OtherPropertyPlantAndEquipmentMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2022-01-01 2022-12-31 0001776967 ifrs-full:ComputerEquipmentMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2022-01-01 2022-12-31 0001776967 ntco:FurnitureAndFixtures1Member ifrs-full:AccumulatedDepreciationAndAmortisationMember 2022-01-01 2022-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2022-01-01 2022-12-31 0001776967 ifrs-full:LeaseholdImprovementsMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2022-01-01 2022-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2022-01-01 2022-12-31 0001776967 ntco:FacilitiesMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2022-01-01 2022-12-31 0001776967 ntco:ToolsAndAccessoriesMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2022-01-01 2022-12-31 0001776967 ntco:TemplatesMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2022-01-01 2022-12-31 0001776967 ifrs-full:VehiclesMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2022-01-01 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:OtherPropertyPlantAndEquipmentMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ComputerEquipmentMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:FurnitureAndFixtures1Member 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:LeaseholdImprovementsMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:FacilitiesMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:ToolsAndAccessoriesMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:TemplatesMember 2021-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2021-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerSoftwareMember ifrs-full:BottomOfRangeMember 2022-01-01 2022-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:TopOfRangeMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ntco:WorkingCapitalLoanMember currency:USD ntco:OperationsLuxemburgoMember 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:TrademarksAndPatentsFiniteMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:FundoDeInvestimentoEssencialMember ntco:InstitutoNaturaMember 2022-12-31 0001776967 ntco:FundoDeInvestimentoEssencialMember ntco:InstitutoNaturaMember 2023-12-31 0001776967 ntco:ScenarioIDepreciation25PercentageMember currency:USD 2023-01-01 2023-12-31 0001776967 ntco:StockOptionsMember ntco:MarchTwelveTwoThousandEighteenStrategyAccelerationMember ifrs-full:BottomOfRangeMember 2023-12-31 0001776967 ntco:RetailStoresMember ifrs-full:GrossCarryingAmountMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerSoftwareMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:NotesAvonMember ntco:LocalCurrencyMember 2023-12-31 0001776967 currency:USD ntco:NotesMember 2023-12-31 0001776967 ntco:BusinessNotesMember ntco:LocalCurrencyMember 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ComputerEquipmentMember 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:FurnitureAndFixtures1Member 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:FacilitiesMember 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:ToolsAndAccessoriesMember 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:TemplatesMember 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:OtherPropertyPlantAndEquipmentMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ComputerEquipmentMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:FurnitureAndFixtures1Member 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:LeaseholdImprovementsMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:FacilitiesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:ToolsAndAccessoriesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:TemplatesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:OtherPropertyPlantAndEquipmentMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ComputerEquipmentMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:FurnitureAndFixtures1Member 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:LeaseholdImprovementsMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:FacilitiesMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:ToolsAndAccessoriesMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ntco:TemplatesMember 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:ProjectsInProgressMember 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:OtherPropertyPlantAndEquipmentMember 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:LandMember 2023-12-31 0001776967 ntco:FurnitureAndFixtures1Member ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ifrs-full:LeaseholdImprovementsMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:FacilitiesMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:ToolsAndAccessoriesMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:TemplatesMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ifrs-full:VehiclesMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:FurnitureAndFixtures1Member ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ifrs-full:LeaseholdImprovementsMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ntco:FacilitiesMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ntco:ToolsAndAccessoriesMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ifrs-full:VehiclesMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ntco:AvonProductsIncMember country:GB 2023-01-01 2023-12-31 0001776967 ntco:AvonProductsIncMember country:GB 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:ProjectsInProgressMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:OtherPropertyPlantAndEquipmentMember 2022-01-01 2022-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2023-01-01 2023-12-31 0001776967 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ntco:AvonProductsIncMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:LandMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:FurnitureAndFixtures1Member 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:LeaseholdImprovementsMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:FacilitiesMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:ToolsAndAccessoriesMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:TemplatesMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:VehiclesMember 2022-01-01 2022-12-31 0001776967 ntco:ProjectsInProgressMember ifrs-full:GrossCarryingAmountMember 2022-12-31 0001776967 ifrs-full:OtherPropertyPlantAndEquipmentMember ifrs-full:GrossCarryingAmountMember 2022-12-31 0001776967 ifrs-full:ComputerEquipmentMember ifrs-full:GrossCarryingAmountMember 2022-12-31 0001776967 ifrs-full:LandMember ifrs-full:GrossCarryingAmountMember 2022-12-31 0001776967 ntco:FurnitureAndFixtures1Member ifrs-full:GrossCarryingAmountMember 2022-12-31 0001776967 ntco:ProbableScenarioMember 2023-01-01 2023-12-31 0001776967 ntco:ScenarioTwoMember 2023-12-31 0001776967 ntco:ScenarioThreeMember 2023-12-31 0001776967 ntco:TheBodyShopMember 2023-12-31 0001776967 ntco:NaturaIndustriaMember 2023-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2023-12-31 0001776967 ntco:NaturaMexicoLatamMember 2023-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember 2022-12-31 0001776967 ifrs-full:LeaseholdImprovementsMember ifrs-full:GrossCarryingAmountMember 2022-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember 2022-12-31 0001776967 ntco:FacilitiesMember ifrs-full:GrossCarryingAmountMember 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GrossCarryingAmountMember 2022-12-31 0001776967 ntco:ToolsAndAccessoriesMember ifrs-full:GrossCarryingAmountMember 2022-12-31 0001776967 ntco:AprilTwelveTwoThousandNineteenMember ntco:StockOptionsMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:TemplatesMember ifrs-full:GrossCarryingAmountMember 2022-12-31 0001776967 ifrs-full:VehiclesMember ifrs-full:GrossCarryingAmountMember 2022-12-31 0001776967 ntco:AmericanDepositaryReceiptsMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:AmericanDepositaryReceiptsMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:FurnitureAndFixtures1Member ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 currency:USD ntco:NotesAvonMember 2023-12-31 0001776967 ntco:DebenturesMaturityOnSeptember142027Member currency:BRL 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:ProjectsInProgressMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:OtherPropertyPlantAndEquipmentMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:KeyMoneyFiniteMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:LandMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:FurnitureAndFixtures1Member ifrs-full:TopOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:NaturaCosmeticosSaMember ifrs-full:BottomOfRangeMember 2023-12-31 0001776967 ntco:September142022Member ntco:StockOptionsMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:NaturaCosmeticosSaMember ifrs-full:TopOfRangeMember 2023-12-31 0001776967 ifrs-full:TopOfRangeMember ntco:AverageDiscountRate3Member 2023-12-31 0001776967 ntco:TemplatesMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ntco:RestrictedStocksMember ntco:April142022Member ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:PerformanceShares1Member ntco:April142022Member 2023-12-31 0001776967 ntco:PerformanceShares1Member ntco:MarchThirtyFirstTwoThousandTwentyOneMember 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:FacilitiesMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:PerformanceShares1Member ntco:April142022Member 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ifrs-full:LeaseholdImprovementsMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:PerformanceShares1Member ntco:MarchThirtyFirstTwoThousandTwentyOneMember 2023-01-01 2023-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember ifrs-full:BottomOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:CorporateIncomeTaxirpjMember 2023-01-01 2023-12-31 0001776967 ntco:CorporateIncomeTaxirpjMember 2023-12-31 0001776967 ntco:SocialContributioncsllMember 2023-01-01 2023-12-31 0001776967 ntco:BrazilianStockExchangeSharesMember 2023-01-01 2023-12-31 0001776967 ntco:TheBodyShopMember 2021-01-01 2021-12-31 0001776967 ntco:OtherCountryInNorthAmericaMember 2021-01-01 2021-12-31 0001776967 ifrs-full:SeparateMember 2022-01-01 2022-12-31 0001776967 ifrs-full:SeparateMember 2023-01-01 2023-12-31 0001776967 ntco:PerformanceShares1Member 2023-01-01 2023-12-31 0001776967 ntco:PerformanceShares1Member 2021-12-31 0001776967 ntco:RestrictedStocksMember 2023-01-01 2023-12-31 0001776967 ntco:RestrictedStocksMember 2023-12-31 0001776967 ntco:PerformanceShares1Member 2022-12-31 0001776967 ntco:RestrictedStocksMember 2022-12-31 0001776967 ntco:PerformanceShares1Member 2022-01-01 2022-12-31 0001776967 ntco:StockOptionsMember 2023-12-31 0001776967 ntco:StockOptionsMember 2023-01-01 2023-12-31 0001776967 ntco:StockOptionsMember 2022-12-31 0001776967 ntco:DefiniteExpirationPeriodMember 2023-12-31 0001776967 ntco:IndefiniteExpirationPeriodMember 2023-12-31 0001776967 ntco:DeferredTaxAssetReserveForGrantOfOptionsAndRestrictedSharesMember 2023-01-01 2023-12-31 0001776967 ntco:DeferredTaxAssetReserveForGrantOfOptionsAndRestrictedSharesMember 2022-01-01 2022-12-31 0001776967 ntco:DeferredTaxAssetEffectOnProfitOrLossMember 2022-01-01 2022-12-31 0001776967 ntco:MatchingAwardsMember 2023-01-01 2023-12-31 0001776967 ifrs-full:LaterThanFiveYearsMember 2022-12-31 0001776967 ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMember 2022-12-31 0001776967 ifrs-full:NotLaterThanOneYearMember 2022-12-31 0001776967 ifrs-full:LaterThanFiveYearsMember 2023-12-31 0001776967 ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMember 2023-12-31 0001776967 ifrs-full:NotLaterThanOneYearMember 2023-12-31 0001776967 ntco:AdministrativeResearchAndDevelopmentInformationTechnologyAndProjectExpensesMember 2022-01-01 2022-12-31 0001776967 ifrs-full:SellingGeneralAndAdministrativeExpenseMember 2022-01-01 2022-12-31 0001776967 ifrs-full:CostOfSalesMember 2022-01-01 2022-12-31 0001776967 ntco:AdministrativeResearchAndDevelopmentInformationTechnologyAndProjectExpensesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:SellingGeneralAndAdministrativeExpenseMember 2023-01-01 2023-12-31 0001776967 ifrs-full:CostOfSalesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:CapitalReserveMember 2022-01-01 2022-12-31 0001776967 ifrs-full:CapitalReserveMember 2023-01-01 2023-12-31 0001776967 ifrs-full:TreasurySharesMember 2023-12-31 0001776967 ifrs-full:TreasurySharesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:TreasurySharesMember 2021-12-31 0001776967 ifrs-full:TreasurySharesMember 2022-12-31 0001776967 ifrs-full:TreasurySharesMember 2022-01-01 2022-12-31 0001776967 ntco:GoodSoldThroughOtherSalesChannelMember 2022-01-01 2022-12-31 0001776967 ntco:GoodSoldThroughOnlineSalesChannelMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GoodsSoldThroughIntermediariesMember 2022-01-01 2022-12-31 0001776967 ifrs-full:GoodsSoldDirectlyToConsumersMember 2022-01-01 2022-12-31 0001776967 ntco:GoodSoldThroughOtherSalesChannelMember 2023-01-01 2023-12-31 0001776967 ntco:GoodSoldThroughOnlineSalesChannelMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GoodsSoldThroughIntermediariesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GoodsSoldDirectlyToConsumersMember 2023-01-01 2023-12-31 0001776967 ntco:AccruedLaborLawsuitsMember 2022-12-31 0001776967 ntco:UnaccruedLaborLawsuitsMember 2022-12-31 0001776967 ntco:ScenarioIDepreciation25PercentageMember currency:USD 2023-12-31 0001776967 ntco:AccruedCivilLawsuitsMember 2022-12-31 0001776967 ntco:UnaccruedCivilLawsuitsMember 2022-12-31 0001776967 ntco:RestrictedStocksMember ntco:March312021AsModifiedInSeptember2022Member 2023-12-31 0001776967 ntco:RestrictedStocksMember ntco:March312021AsModifiedInSeptember2022Member 2023-01-01 2023-12-31 0001776967 ntco:April142022Member ntco:RestrictedStocksMember 2023-12-31 0001776967 ntco:RestrictedStocksMember ntco:April142022Member 2023-01-01 2023-12-31 0001776967 ntco:StockOptionsMember ntco:MarchTwelveTwoThousandEighteenStrategyAccelerationMember 2023-12-31 0001776967 ntco:AprilTwelveTwoThousandNineteenMember ntco:StockOptionsMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:AccruedTaxLawsuitsMember 2022-12-31 0001776967 ntco:MarchTenTwoThousandSeventeenMember ntco:StockOptionsMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:TopOfRangeMember ntco:BrazilianStockExchangeSharesMember 2023-01-01 2023-12-31 0001776967 ntco:UnaccruedTaxLawsuitsMember 2022-12-31 0001776967 ifrs-full:TradeReceivablesMember 2023-12-31 0001776967 ntco:ScenarioIIDepreciation50PercentageMember currency:USD 2023-01-01 2023-12-31 0001776967 ntco:StockOptionsMember ntco:September142022Member 2023-12-31 0001776967 ntco:StockOptionsMember ntco:DecemberSeventeenTwoThousandTwentyOneMember 2023-12-31 0001776967 ifrs-full:TradeReceivablesMember 2022-12-31 0001776967 ifrs-full:ForeignCountriesMember 2022-12-31 0001776967 ntco:StockOptionsMember ntco:AprilTwelveTwoThousandNineteenStrategyAccelerationMember 2023-12-31 0001776967 ntco:StockOptionsMember ntco:AprilTwelveTwoThousandNineteenMember 2023-12-31 0001776967 ntco:StockOptionsMember ntco:MarchTwelveTwoThousandEighteenMember 2023-12-31 0001776967 ntco:StockOptionsMember ntco:MarchTenTwoThousandSeventeenStrategyAccelerationMember 2023-12-31 0001776967 ntco:StockOptionsMember ntco:MarchTenTwoThousandSeventeenMember 2023-12-31 0001776967 ntco:StockOptionsMember ntco:JulyElevenTwoThousandSixteenStrategyAccelerationMember 2023-12-31 0001776967 ntco:StockOptionsMember ntco:MarchSixteenTwoThousandFifteenMember 2023-12-31 0001776967 ntco:ReasonablyPossible1PointPercentIncreaseInDiscountRateMember 2023-01-01 2023-12-31 0001776967 ntco:ReasonablyPossible1PointPercentDecreaseInGrowthRateInPerpetuityMember 2023-01-01 2023-12-31 0001776967 ntco:ReasonablyPossible1PointPercentDecreaseInOperatingMarginsMember 2023-01-01 2023-12-31 0001776967 ifrs-full:CountryOfDomicileMember 2022-12-31 0001776967 ifrs-full:ForeignCountriesMember 2023-12-31 0001776967 ifrs-full:CountryOfDomicileMember 2023-12-31 0001776967 ntco:AccruedLaborLawsuitsMember 2023-12-31 0001776967 ntco:UnaccruedLaborLawsuitsMember 2023-12-31 0001776967 ntco:AccruedCivilLawsuitsMember 2023-12-31 0001776967 ntco:UnaccruedCivilLawsuitsMember 2023-12-31 0001776967 ntco:AccruedTaxLawsuitsMember 2023-12-31 0001776967 ntco:UnaccruedTaxLawsuitsMember 2023-12-31 0001776967 ntco:InstitutoNaturaMember 2022-01-01 2022-12-31 0001776967 ntco:InstitutoNaturaMember 2023-01-01 2023-12-31 0001776967 ntco:September142022Member ntco:StockOptionsMember 2023-01-01 2023-12-31 0001776967 ntco:DecemberSeventeenTwoThousandTwentyOneMember ntco:StockOptionsMember 2023-01-01 2023-12-31 0001776967 ntco:AprilTwelveTwoThousandNineteenStrategyAccelerationMember ntco:StockOptionsMember 2023-01-01 2023-12-31 0001776967 ntco:AprilTwelveTwoThousandNineteenMember ntco:StockOptionsMember 2023-01-01 2023-12-31 0001776967 ntco:MarchTwelveTwoThousandEighteenStrategyAccelerationMember ntco:StockOptionsMember 2023-01-01 2023-12-31 0001776967 ntco:MarchTwelveTwoThousandEighteenMember ntco:StockOptionsMember 2023-01-01 2023-12-31 0001776967 ntco:MarchTenTwoThousandSeventeenStrategyAccelerationMember ntco:StockOptionsMember 2023-01-01 2023-12-31 0001776967 ntco:MarchTenTwoThousandSeventeenMember ntco:StockOptionsMember 2023-01-01 2023-12-31 0001776967 ntco:JulyElevenTwoThousandSixteenStrategyAccelerationMember ntco:StockOptionsMember 2023-01-01 2023-12-31 0001776967 ntco:MarchSixteenTwoThousandFifteenMember ntco:StockOptionsMember 2023-01-01 2023-12-31 0001776967 ifrs-full:CurrentMember ifrs-full:TradeReceivablesMember 2023-12-31 0001776967 ifrs-full:CurrentMember ifrs-full:TradeReceivablesMember 2022-12-31 0001776967 ifrs-full:VehiclesMember 2023-12-31 0001776967 ntco:BoardOfDirectorsMember 2022-01-01 2022-12-31 0001776967 ntco:IndustrialComplexAndAdministrativeSitesMember 2022-12-31 0001776967 ntco:TransportMember 2023-12-31 0001776967 ntco:LossOfProfitsMember 2023-12-31 0001776967 ntco:LossOfProfitsMember 2022-12-31 0001776967 ntco:EnvironmentalLiabilityMember 2022-12-31 0001776967 ntco:OfficersMember 2022-01-01 2022-12-31 0001776967 ntco:TransportMember 2022-12-31 0001776967 ntco:CivilLiabilityMember 2022-12-31 0001776967 ntco:TransportMember 2023-01-01 2023-12-31 0001776967 ntco:IndustrialComplexAndAdministrativeSitesMember 2023-12-31 0001776967 ntco:LossOfProfitsMember 2023-01-01 2023-12-31 0001776967 ifrs-full:VehiclesMember 2023-01-01 2023-12-31 0001776967 ntco:EnvironmentalLiabilityMember 2023-12-31 0001776967 ifrs-full:VehiclesMember 2022-12-31 0001776967 ntco:IndustrialComplexAndAdministrativeSitesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:SharePremiumMember 2022-01-01 2022-12-31 0001776967 ntco:SpecialReserveMember 2022-12-31 0001776967 2020-12-31 0001776967 ifrs-full:SharePremiumMember 2023-12-31 0001776967 ntco:SpecialReserveMember 2023-12-31 0001776967 country:BR 2022-01-01 2022-12-31 0001776967 2023-05-31 0001776967 ntco:AmericanDepositaryReceiptsMember 2023-01-01 2023-12-31 0001776967 currency:USD ntco:NotesLuxembourgMember 2023-12-31 0001776967 ntco:DebenturesMaturityOnSeptember142032Member currency:BRL 2023-01-01 2023-12-31 0001776967 ifrs-full:BottomOfRangeMember ntco:AverageDiscountRate1Member 2023-12-31 0001776967 ntco:PerformanceShares1Member ntco:MarchThirtyFirstTwoThousandTwentyOneMember ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:RestrictedStocksMember ntco:March312021AsModifiedInSeptember2022Member ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:AverageDiscountRate1Member ifrs-full:NotLaterThanOneYearMember 2023-12-31 0001776967 ntco:AverageDiscountRate2Member ifrs-full:NotLaterThanOneYearMember 2023-12-31 0001776967 ntco:AverageDiscountRate3Member ifrs-full:NotLaterThanOneYearMember 2023-12-31 0001776967 ntco:AverageDiscountRate4Member ifrs-full:NotLaterThanOneYearMember 2023-12-31 0001776967 ntco:AverageDiscountRate1Member ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate2Member ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate3Member ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate4Member ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate1Member ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate2Member ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate3Member ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate4Member ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate1Member ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate2Member ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate3Member ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate4Member ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate1Member ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate2Member ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate3Member ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate4Member ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate1Member ifrs-full:LaterThanFiveYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate2Member ifrs-full:LaterThanFiveYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate3Member ifrs-full:LaterThanFiveYearsMember 2023-12-31 0001776967 ntco:AverageDiscountRate4Member ifrs-full:LaterThanFiveYearsMember 2023-12-31 0001776967 ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2023-12-31 0001776967 ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2023-12-31 0001776967 ntco:PerformanceShares1Member ntco:MarchThirtyFirstTwoThousandTwentyOneMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:ToolsAndAccessoriesMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:VehiclesMember ifrs-full:TopOfRangeMember ifrs-full:GrossCarryingAmountMember 2023-01-01 2023-12-31 0001776967 ntco:StockOptionsMember ifrs-full:TopOfRangeMember ntco:MarchTwelveTwoThousandEighteenStrategyAccelerationMember 2023-01-01 2023-12-31 0001776967 ntco:StockOptionsMember ntco:MarchTwelveTwoThousandEighteenStrategyAccelerationMember ifrs-full:TopOfRangeMember 2023-12-31 0001776967 ntco:MarchTwelveTwoThousandEighteenMember ntco:StockOptionsMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:FurnitureAndFixtures1Member ifrs-full:BottomOfRangeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:BottomOfRangeMember ntco:AverageDiscountRate3Member 2023-12-31 0001776967 ntco:NotesMember currency:USD 2023-01-01 2023-12-31 0001776967 ntco:DebenturesMember currency:BRL 2023-01-01 2023-12-31 0001776967 ifrs-full:GrossCarryingAmountMember ntco:ToolsAndAccessoriesMember ifrs-full:TopOfRangeMember 2022-01-01 2022-12-31 0001776967 ntco:AprilTwelveTwoThousandNineteenStrategyAccelerationMember ntco:StockOptionsMember ifrs-full:TopOfRangeMember 2023-01-01 2023-12-31 0001776967 ntco:MajorCustomerMember ifrs-full:ForeignCountriesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:BottomOfRangeMember ntco:BrazilianStockExchangeSharesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:BottomOfRangeMember ntco:AverageDiscountRate4Member 2023-12-31 0001776967 ntco:ScenarioIIDepreciation50PercentageMember currency:USD 2023-12-31 0001776967 ifrs-full:IssuedCapitalMember 2020-12-31 0001776967 ifrs-full:TreasurySharesMember 2020-12-31 0001776967 ifrs-full:SharePremiumMember 2020-12-31 0001776967 ntco:SpecialReserveMember 2020-12-31 0001776967 ifrs-full:AdditionalPaidinCapitalMember 2020-12-31 0001776967 ntco:IncomeFromTransactionsWithNonControllingShareholdersMember 2020-12-31 0001776967 ntco:TaxIncentiveMember 2020-12-31 0001776967 ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember 2020-12-31 0001776967 ifrs-full:RetainedEarningsProfitLossForReportingPeriodMember 2020-12-31 0001776967 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001776967 ifrs-full:EquityAttributableToOwnersOfParentMember 2020-12-31 0001776967 ifrs-full:NoncontrollingInterestsMember 2020-12-31 0001776967 ntco:TaxIncentiveMember 2022-12-31 0001776967 ntco:AvonInternationalMember 2023-01-01 2023-12-31 0001776967 ntco:NaturaAndCoLatamMember 2023-01-01 2023-12-31 0001776967 ifrs-full:PostemploymentMedicalDefinedBenefitPlansMember ntco:AvonInternationalMember 2022-12-31 0001776967 ifrs-full:PostemploymentMedicalDefinedBenefitPlansMember ntco:AvonInternationalMember 2023-12-31 0001776967 ifrs-full:PensionDefinedBenefitPlansMember ntco:AvonInternationalMember 2023-12-31 0001776967 ifrs-full:PensionDefinedBenefitPlansMember ntco:AvonInternationalMember 2022-12-31 0001776967 ntco:AesopMember 2023-12-31 0001776967 ntco:AvonBrasilMember 2023-12-31 0001776967 ntco:AvonInternacionalMember 2023-12-31 0001776967 ntco:NaturaAndCoLuxembourgHoldingsSarlMember 2023-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2022-12-31 0001776967 ntco:NaturaIndustriaMember 2022-12-31 0001776967 ntco:NaturaMexicoLatamMember 2022-12-31 0001776967 ntco:TheBodyShopMember 2022-12-31 0001776967 ntco:AesopMember 2022-12-31 0001776967 ntco:AvonBrasilMember 2022-12-31 0001776967 ntco:AvonInternacionalMember 2022-12-31 0001776967 ntco:NaturaAndCoLuxembourgHoldingsSarlMember 2022-12-31 0001776967 ntco:NaturaIndustriaMember 2023-01-01 2023-12-31 0001776967 ntco:NaturaMexicoLatamMember 2023-01-01 2023-12-31 0001776967 ntco:TheBodyShopMember 2023-01-01 2023-12-31 0001776967 ntco:AesopMember 2023-01-01 2023-12-31 0001776967 ntco:AvonBrasilMember 2023-01-01 2023-12-31 0001776967 ntco:AvonInternacionalMember 2023-01-01 2023-12-31 0001776967 ntco:NaturaAndCoLuxembourgHoldingsSarlMember 2023-01-01 2023-12-31 0001776967 ntco:NaturaIndustriaMember 2022-01-01 2022-12-31 0001776967 ntco:NaturaMexicoLatamMember 2022-01-01 2022-12-31 0001776967 ntco:TheBodyShopMember 2022-01-01 2022-12-31 0001776967 ntco:AesopMember 2022-01-01 2022-12-31 0001776967 ntco:AvonBrasilMember 2022-01-01 2022-12-31 0001776967 ntco:AvonInternacionalMember 2022-01-01 2022-12-31 0001776967 ntco:NaturaAndCoLuxembourgHoldingsSarlMember 2022-01-01 2022-12-31 0001776967 ifrs-full:DerivativesMember 2021-12-31 0001776967 ifrs-full:DerivativesMember 2022-01-01 2022-12-31 0001776967 ifrs-full:DerivativesMember 2022-12-31 0001776967 ifrs-full:DerivativesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:DerivativesMember 2023-12-31 0001776967 ntco:CurrencySwapContractOneMember 2023-01-01 2023-12-31 0001776967 ntco:ForwardContractOneMember 2023-01-01 2023-12-31 0001776967 ntco:CurrencySwapContractOneMember 2023-12-31 0001776967 ntco:ForwardContractOneMember 2023-12-31 0001776967 ntco:ForwardContractThreeMember 2023-01-01 2023-12-31 0001776967 ifrs-full:FairValueHedgesMember 2023-01-01 2023-12-31 0001776967 ifrs-full:FairValueHedgesMember 2023-12-31 0001776967 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember ifrs-full:Level2OfFairValueHierarchyMember 2023-12-31 0001776967 ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember ifrs-full:Level2OfFairValueHierarchyMember 2022-12-31 0001776967 ifrs-full:AtFairValueMember ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember ifrs-full:Level2OfFairValueHierarchyMember 2023-12-31 0001776967 ifrs-full:AtFairValueMember ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember ifrs-full:Level2OfFairValueHierarchyMember 2022-12-31 0001776967 ntco:CommercialNotesMember ntco:NaturaCosmticosSaMember 2022-01-01 2022-12-31 0001776967 ntco:DebenturesSeries12Member ntco:NaturaCosmticosSaMember 2022-01-01 2022-12-31 0001776967 ntco:DebenturesSeries11Member ntco:NaturaCosmticosSaMember 2022-01-01 2022-12-31 0001776967 ntco:AureliusInvestmentAdvisoryLimitedMember ntco:TheBodyShopMember 2023-12-31 0001776967 ntco:AureliusInvestmentAdvisoryLimitedMember ntco:TheBodyShopMember 2023-01-01 2023-12-31 0001776967 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ifrs-full:CommunicationAndNetworkEquipmentMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:RetailStoresMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ifrs-full:ComputerEquipmentMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:ToolsAndAccessoriesMember ifrs-full:GrossCarryingAmountMember 2023-12-31 0001776967 ntco:UnsecuredDebenturesDueSeptemberTwentyOneTwoThousandTwentyTwoMember ntco:TrancheThreeMember 2023-01-01 2023-12-31 0001776967 ntco:UnsecuredDebenturesDueAugustTwentySixTwoThousandTwentyFourMember ntco:TrancheOneMember 2023-01-01 2023-12-31 0001776967 ntco:UnsecuredDebenturesDueAugustTwentySixTwoThousandTwentyFourMember ntco:TrancheTwoMember 2023-01-01 2023-12-31 0001776967 ntco:UnsecuredDebenturesDueAugustTwentySixTwoThousandTwentyFourMember ntco:TrancheThreeMember 2023-01-01 2023-12-31 0001776967 ntco:UnsecuredDebenturesDueAugustTwentySixTwoThousandTwentyFourMember ntco:TrancheFourMember 2023-01-01 2023-12-31 0001776967 ntco:NaturaCosmeticosSaMember ifrs-full:CurrencyRiskMember 2023-01-01 2023-09-30 0001776967 ifrs-full:CurrencyRiskMember 2023-09-30 0001776967 ntco:InterlagosManufacturingUnitMember ntco:NaturaCosmeticosSaMember 2023-01-01 2023-12-31 0001776967 ifrs-full:CashFlowHedgesMember 2023-01-01 2023-12-31 0001776967 ntco:ForwardContractThreeMember 2023-12-31 0001776967 ifrs-full:Level1OfFairValueHierarchyMember ifrs-full:AtFairValueMember ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember 2022-12-31 0001776967 ifrs-full:Level1OfFairValueHierarchyMember ifrs-full:AtFairValueMember ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember 2023-12-31 0001776967 ifrs-full:Level1OfFairValueHierarchyMember ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember 2022-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:AtFairValueMember ntco:FinancialLiabilitiesFairValueHedgeInstrumentMember 2022-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:AtFairValueMember ntco:FinancialLiabilitiesFairValueHedgeInstrumentMember 2023-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ntco:FinancialLiabilitiesFairValueHedgeInstrumentMember 2022-12-31 0001776967 ifrs-full:Level2OfFairValueHierarchyMember ntco:FinancialLiabilitiesFairValueHedgeInstrumentMember 2023-12-31 0001776967 ifrs-full:CurrencyRiskMember 2023-01-01 2023-12-31 0001776967 ntco:AvonMember 2023-01-01 2023-12-31 0001776967 ntco:AureliusInvestmentAdvisoryLimitedMember ntco:TheBodyShopMember 2029-12-29 0001776967 ifrs-full:DiscontinuedOperationsMember 2021-01-01 2021-12-31 0001776967 ntco:BoardOfDirectorsMember 2021-01-01 2021-12-31 0001776967 ntco:OfficersMember 2021-01-01 2021-12-31 0001776967 ntco:EuropeMiddleEastAndAfricaMember 2021-01-01 2021-12-31 0001776967 ntco:CorporateExpensesMember 2023-12-31 0001776967 ntco:NaturaLatamMember 2023-12-31 0001776967 country:GB 2022-01-01 2022-12-31 0001776967 ntco:TheBodyShopMember 2021-12-31 0001776967 ntco:CorporateExpensesMember 2022-12-31 0001776967 ntco:OtherCountryInNorthAmericaMember 2023-12-31 0001776967 country:MX 2023-12-31 0001776967 country:AR 2021-01-01 2021-12-31 0001776967 srt:SouthAmericaMember 2021-01-01 2021-12-31 0001776967 ntco:OtherCountryInNorthAmericaMember 2022-12-31 0001776967 ntco:OtherCountryInSouthAmericaMember 2023-12-31 0001776967 ntco:CorporateExpensesMember 2021-01-01 2021-12-31 0001776967 srt:SouthAmericaMember 2023-01-01 2023-12-31 0001776967 ntco:NaturaLatamMember 2022-12-31 0001776967 ntco:OceaniaMember 2023-01-01 2023-12-31 0001776967 ntco:NaturaLatamMember 2021-12-31 0001776967 ntco:AvonInternationalMember 2022-01-01 2022-12-31 0001776967 ntco:CorporateExpensesMember 2022-01-01 2022-12-31 0001776967 ntco:OceaniaMember 2023-12-31 0001776967 ifrs-full:GoodsSoldDirectlyToConsumersMember 2021-01-01 2021-12-31 0001776967 ifrs-full:GoodsSoldThroughIntermediariesMember 2021-01-01 2021-12-31 0001776967 ntco:GoodSoldThroughOnlineSalesChannelMember 2021-01-01 2021-12-31 0001776967 ntco:GoodSoldThroughOtherSalesChannelMember 2021-01-01 2021-12-31 0001776967 ifrs-full:CostOfSalesMember 2021-01-01 2021-12-31 0001776967 ifrs-full:SellingGeneralAndAdministrativeExpenseMember 2021-01-01 2021-12-31 0001776967 ntco:AdministrativeResearchAndDevelopmentInformationTechnologyAndProjectExpensesMember 2021-01-01 2021-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:TheBodyShopMember 2023-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:TheBodyShopMember 2023-01-01 2023-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:NaturaBrazilPtyLtdMember 2023-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:NaturaBrazilPtyLtdMember 2022-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:NaturaBrazilPtyLtdMember 2021-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:NaturaBrazilPtyLtdMember 2023-01-01 2023-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:NaturaBrazilPtyLtdMember 2022-01-01 2022-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:NaturaBrazilPtyLtdMember 2021-01-01 2021-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:TheBodyShopMember 2022-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:TheBodyShopMember 2021-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:TheBodyShopMember 2022-01-01 2022-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:TheBodyShopMember 2021-01-01 2021-12-31 0001776967 ntco:LOrealGroupMember ifrs-full:DiscontinuedOperationsMember ntco:NaturaBrazilPtyLtdMember 2023-08-30 0001776967 ntco:LOrealGroupMember ifrs-full:DiscontinuedOperationsMember ntco:NaturaBrazilPtyLtdMember 2023-08-30 2023-08-30 0001776967 ntco:AureliusInvestmentAdvisoryLimitedMember ifrs-full:DiscontinuedOperationsMember ntco:TheBodyShopMember 2023-12-29 0001776967 ntco:AureliusInvestmentAdvisoryLimitedMember ifrs-full:DiscontinuedOperationsMember ntco:TheBodyShopMember 2023-01-01 2023-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:AvonMember 2023-01-01 2023-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:AesopAndTheBodyShopMember 2023-01-01 2023-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:AesopAndTheBodyShopMember 2022-01-01 2022-12-31 0001776967 ntco:AvonInternationalMember 2021-12-31 0001776967 srt:NorthAmericaMember 2022-12-31 0001776967 srt:AsiaMember 2022-12-31 0001776967 ntco:OtherCountryInEuropeMiddleEastAndAfricaMember 2023-12-31 0001776967 country:MX 2022-01-01 2022-12-31 0001776967 country:GB 2022-12-31 0001776967 ntco:CorporateExpensesMember 2023-01-01 2023-12-31 0001776967 srt:AsiaMember 2023-12-31 0001776967 country:GB 2021-01-01 2021-12-31 0001776967 ntco:OtherCountryInNorthAmericaMember 2023-01-01 2023-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember 2022-04-01 2022-06-30 0001776967 dei:BusinessContactMember 2023-01-01 2023-12-31 0001776967 ntco:CommonSharesMember 2023-01-01 2023-12-31 0001776967 dei:AdrMember 2023-01-01 2023-12-31 0001776967 ifrs-full:TradeReceivablesMember 2020-12-31 0001776967 ifrs-full:TradeReceivablesMember 2021-01-01 2021-12-31 0001776967 ntco:AvonInternationalMember 2022-01-01 2022-12-31 0001776967 ifrs-full:SeparateMember 2021-01-01 2021-12-31 0001776967 ntco:RestrictedStocksMember 2021-12-31 0001776967 ntco:RestrictedStocksMember 2022-01-01 2022-12-31 0001776967 ntco:StockOptionsMember 2021-12-31 0001776967 ntco:LongPositionUsDollarSwapContractOneMember 2021-12-31 0001776967 ntco:LongPositionUsDollarSwapContractOneMember 2021-01-01 2021-12-31 0001776967 ntco:ShortPositionCDIFloatingRateSwapContractOneMember 2021-12-31 0001776967 ntco:ShortPositionCDIFloatingRateSwapContractOneMember 2021-01-01 2021-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2021-12-31 0001776967 ntco:NaturaCosmeticosSaMember 2021-01-01 2021-12-31 0001776967 ntco:NaturaIndustriaMember 2021-12-31 0001776967 ntco:NaturaIndustriaMember 2021-01-01 2021-12-31 0001776967 ntco:NaturaMexicoLatamMember 2021-12-31 0001776967 ntco:NaturaMexicoLatamMember 2021-01-01 2021-12-31 0001776967 ntco:TheBodyShopMember 2021-12-31 0001776967 ntco:TheBodyShopMember 2021-01-01 2021-12-31 0001776967 ntco:AesopMember 2021-12-31 0001776967 ntco:AesopMember 2021-01-01 2021-12-31 0001776967 ntco:AvonBrasilMember 2021-12-31 0001776967 ntco:AvonBrasilMember 2021-01-01 2021-12-31 0001776967 ntco:AvonInternacionalMember 2021-12-31 0001776967 ntco:AvonInternacionalMember 2021-01-01 2021-12-31 0001776967 ntco:NaturaAndCoLuxembourgHoldingsSarlMember 2021-12-31 0001776967 ntco:NaturaAndCoLuxembourgHoldingsSarlMember 2021-01-01 2021-12-31 0001776967 ifrs-full:CapitalReserveMember 2021-01-01 2021-12-31 0001776967 ntco:AureliusInvestmentAdvisoryLimitedMember ntco:TheBodyShopMember ifrs-full:DiscontinuedOperationsMember 2023-12-29 2023-12-29 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:NaturaBrazilPtyLtdMember ntco:LOrealGroupMember 2023-12-31 0001776967 ifrs-full:DiscontinuedOperationsMember ntco:TheBodyShopMember ntco:AureliusInvestmentAdvisoryLimitedMember 2023-12-31 0001776967 ifrs-full:LeaseholdImprovementsMember ntco:CapitalAppreciationMember 2023-12-31 0001776967 ifrs-full:OtherPropertyPlantAndEquipmentMember ntco:CapitalAppreciationMember 2023-12-31 0001776967 ifrs-full:VehiclesMember ntco:CapitalAppreciationMember 2023-01-01 2023-12-31 0001776967 ifrs-full:MajorBusinessCombinationMember ntco:TheBodyShopMember 2024-04-30 2024-04-30 0001776967 ntco:TheBodyShopMember 2024-03-31 xbrli:shares xbrli:pure iso4217:GBP iso4217:ARS iso4217:BRL iso4217:TRY utr:Y iso4217:USD iso4217:USD xbrli:shares iso4217:BRL xbrli:shares ntco:Installments ntco:Employees ntco:Debenture ntco:Customer


 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 20-F

(Mark One)

REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2023 

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                          to                          .

OR

SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of event requiring this shell company report                                 

 

Commission file number:               001-39169 

Natura &Co Holding S.A.
(Exact name of Registrant as specified in its charter)

Natura &Co Holding Inc.

(Translation of Registrant’s name into English)

Federative Republic of Brazil
(Jurisdiction of incorporation or organization)

Avenida Alexandre Colares, No. 1188, Sala A17-Bloco A,
Parque Anhanguera, São Paulo, São Paulo 05106-000, Brazil
+55 (11) 4389-7881
(Address of principal executive offices)
 

Guilherme Strano Castellan, Chief Financial Officer
Avenida Alexandre Colares, No. 1188, Sala A17-Bloco A,
Parque Anhanguera, São Paulo, São Paulo 05106-000, Brazil
+55 (11) 4389-7881

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

 

Securities registered or to be registered pursuant to Section 12(b) of the Act: 

None

Securities registered or to be registered pursuant to Section 12(g) of the Act:

None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:


Title of each class


Trading Symbol(s)


Name of each exchange on which registered

Common shares, no par value (the “Natura &Co Holding Shares”)             



N/A

American Depositary Shares (the “ADSs”) (as evidenced by American Depositary Receipts), each representing two Natura &Co Holding Shares             



N/A


Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.

The number of outstanding shares as of December 31, 2023 was 1,386,848,066 common shares.

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes                No

 



 

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Yes               No

 

Note – Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes               No

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes               No

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer            Accelerated Filer             Non-accelerated Filer             Emerging growth company 

 

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act.

 

† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

 

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

Yes               No

 

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements:              

 

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b):              

 

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

              U.S. GAAP

              International Financial Reporting Standards as issued by the International Accounting Standards Board

              Other

 

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

Item 17              Item 18

 

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes               No



 

  



NATURA &CO HOLDING S.A.

TABLE OF CONTENTS


Page

Forward-Looking Statements v
Glossary of Certain Terms Used in This Annual Report vii
Presentation of Financial and Other Information ix
Part I 1
Item 1.  Identity of Directors, Senior Management and Advisers 1
A.     Directors and Senior Management 1
B.     Advisers 1
C.     Auditors 1
Item 2.  Offer Statistics and Expected Timetable 1
A.     Offer Statistics 1
B.     Method and Expected Timetable 1
Item 3.  Key Information 1
A.     Selected Financial Data 1
B.     Capitalization and Indebtedness 4
C.     Reasons for the Offer and Use of Proceeds 4
D.     Risk Factors 4
Item 4.  Information on the Company 45
A.     History and Development of the Company 45
B.     Business Overview 48
C.     Organizational Structure 88
D.     Property, Plant and Equipment 89
Item 4A.  Unresolved Staff Comments 89
Item 5.  Operating and Financial Review and Prospects 90
A.    Operating Results 90
B.    Liquidity and Capital Resources 102
C.    Research and development, Patents and Licenses, Etc. 112
D.    Trend Information 112
E.    Critical Accounting Policies and Estimates 113
Item 6.  Directors, Senior Management and Employees 114
A.    Directors and Senior Management 114
B.    Compensation 122
C.    Board Practices 126
D.    Employees  127
E.    Share Ownership 129
F.     Disclosure of a Registrant’s Action to Recover Erroneously Awarded Compensation. 130
Item 7.  Major Shareholders and Related Party Transactions 130
A.    Major Shareholders 130
B.    Related Party Transactions 133
C.    Interests of Experts and Counsel 134
Item 8.  Financial Information 135
A.    Consolidated Statements and Other Financial Information 135
B.    Significant Changes 138
Item 9.  The Offer and Listing 138
A.    Offer and Listing Details 138
B.    Plan of Distribution 138
C.    Markets 138
D.    Selling Shareholders 141
E.    Dilution 141
F.    Expenses of the Issue 141

 

Item 10.  Additional Information 142
A.    Share Capital 142
B.    Memorandum and Articles of Association 142
C.    Material Contracts 156
D.    Exchange Controls 156
E.    Taxation 157
F.     Dividends and Paying Agents 166
G.    Statement by Experts 166
H.    Documents on Display 166
I.     Subsidiary Information 166
J.    Annual Report to Security Holders 166
Item 11.  Quantitative and Qualitative Disclosures About Market Risks 167
Item 12.  Description of Securities Other Than Equity Securities 171
A.    Debt Securities 171
B.    Warrants and Rights 171
C.    Other Securities 171
D.    American Depositary Shares 171
Part II 173
Item 13.  Defaults, Dividend Arrearages and Delinquencies 173
A.    Defaults 173
B.    Arrears and Delinquencies 173
Item 14.  Material Modifications to the Rights of Security Holders and Use of Proceeds 173
A.    Material Modifications to Instruments 173
B.    Material Modifications to Rights 173
C.    Withdrawal or Substitution of Assets 173
D.    Change in Trustees or Paying Agents 173
E.    Use of Proceeds 173
Item 15.  Controls and Procedures 173
A.    Disclosure Controls and Procedures 173
B.    Management’s Annual Report on Internal Control over Financial Reporting 174
C.    Attestation Report of the Registered Public Accounting Firm 174
D.   Changes in Internal Control over Financial Reporting  174
Item 16.  Reserved 175
Item 16A.  Audit Committee Financial Expert 175
Item 16B.  Code of Ethics 175
Item 16C.  Principal Accountant Fees and Services 175
Item 16D.  Exemptions from the Listing Standards for Audit Committees 175
Item 16E.  Purchases of Equity Securities by the Issuer and Affiliated Purchasers 176
Item 16F.  Change in Registrant’s Certifying Accountant 176
Item 16G.  Corporate Governance 176
Item 16H.  Mine Safety Disclosure 176
Item 16I.  Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 176
Item 16J. Insider Trading Policies 176
Item 16K.  Cybersecurity 176
Part III 180
Item 17.  Financial Statements 180
Item 18.  Financial Statements 180
Item 19.  Exhibits 180
Index to Consolidated Financial Statements F-1

 

 


This annual report on Form 20-F contains forward-looking statements. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial conditions, or other matters, based on current beliefs of our management as well as assumptions made by, and information currently available to, our management. Forward-looking statements can be identified by the fact that they do not relate only to historical or current facts and may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,” “should,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or similar words, phrases or expressions, although the absence of any such words or expressions does not mean that a particular statement is not a forward-looking statement. These statements are subject to various risks and uncertainties, many of which are outside the parties’ control. Therefore, you should not place undue reliance on these statements. Factors that could cause actual plans and results to differ materially from those in these statements include, but are not limited to, risks and uncertainties detailed in the section of this annual report entitled “Item 3. Key Information—D. Risk Factors” and the following factors:

  • general economic, political, social and business conditions in Brazil, and in other markets in which we operate, including the impact of the current international economic environment (including any impact resulting from the ongoing Russia-Ukraine and Israel-Hamas conflicts, as well as tensions in the Middle East) and the macroeconomic conditions in Brazil and the rest of our markets, and government policies;
  • further downgrading of Brazil’s credit rating;
  • social and political instability, including allegations of corruption against political parties, civil servants and others;
  • reductions in customer spending, a slowdown in customer payments and changes in customer behavior or demand for products and services;
  • unanticipated changes relating to competitive factors in the industries in which the companies operate;
  • ability to hire and retain key personnel;
  • ability to attract new clients and retain existing clients in the manner anticipated;
  • the impact of acquisitions the companies have made or may make;
  • reliance on and integration of IT systems;
  • changes in legislation or governmental regulations affecting the companies; international, national or local economic, social or political conditions that could adversely affect the companies or their clients;
  • conditions in the stock and credit markets;
  • risks associated with assumptions the parties make in connection with the parties’ critical accounting estimates and legal proceedings;
  • our international operations, which are subject to the risks of currency fluctuations and foreign exchange controls;
  • inflation, appreciation and depreciation of the real against the U.S. dollar, which has historically experienced significant volatility;
  • risks associated with tax liabilities, or changes in U.S., Brazilian or other international tax treaties or laws or interpretations to which they are subject;
  • events and risk perception in relation to corruption allegations involving Brazilian companies and politicians, as well as the impacts of the resulting investigation on the Brazilian economy and political outlook as a whole;
  • risks that new businesses will not be integrated successfully or that the cost, time and effort required to integrate the newly combined businesses may be greater than anticipated;
  • risks relating to unanticipated costs of integration;
  • diversion of the attention of our management from ongoing business concerns;
  • interruptions in our main IT systems;
  • the inability to achieve the estimated benefits and synergies of our combined operations since the completion of the Transaction over the next five years as we currently expect or the effects of the Transaction on our financial condition, operating results and cash flows;
  • failure to effectively manage the newly combined business or failure to realize estimated cost savings, value of certain tax assets, estimated synergies and growth or that such benefits may take longer to realize than the five years during which we currently expect to realize them;
  • developments with respect to actual or potential epidemics, pandemics, outbreaks or other public health crises in Brazil and globally; and
  • other risk factors as set forth under “Item 3. Key Information—D. Risk Factors” in this annual report.

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect the parties’ businesses, including those described in this annual report, and information contained in this annual report.

Estimates and forward-looking statements involve risks and uncertainties and are not guarantees of future performance. Our future results may differ materially from those expressed in these estimates and forward-looking statements. In light of the risks and uncertainties described above, the estimates and forward-looking statements discussed in this offering memorandum might not occur and our future results and our performance may differ materially from those expressed in these forward-looking statements due to, but not limited to, the factors mentioned above. Because of these uncertainties, you should not make any investment decision based on these estimates and forward-looking statements.

We are under no obligation, and we expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events or otherwise. Persons reading this document are cautioned not to place undue reliance on these forward-looking statements, which only speak as of the date hereof. 


 


All references in this annual report to the “Company,” “we,” “us” and “our” refer to Natura &Co, as defined below, unless the context otherwise requires. All references herein to the “real,” “reais” or “R$” are to the Brazilian real, the official currency of Brazil. All references to “U.S. dollars,” “dollars” or “U.S.$” are to United States dollars, the official currency of the United States. All references to “pounds,” “pound sterling” or “£” are to the British pound sterling, the official currency of the United Kingdom. All references to “ARS$” are to the Argentinian peso, the official currency of Argentina.

In addition, as used in this annual report, the following defined terms have the following respective meanings:

“ADSs” means American Depositary Shares, each representing two Natura &Co Holding Shares.

“Aesop” means Emeis Holding Pty Ltd and its consolidated subsidiaries.

“Avon” means Avon Products, Inc., a New York corporation, and its consolidated subsidiaries.

“Avon International” means our segment comprising all operations under our Avon brand, except those located in Brazil and Latin America.

“B3” means the B3 S.A. – Brasil, Bolsa, Balcão, or the Brazilian Stock Exchange.

“BNDES” means the Banco Nacional de Desenvolvimento Econômico e Social, or the Brazilian National Economic and Social Development Bank.

“Brazil” means the Federative Republic of Brazil and the phrase “Brazilian government” refers to the federal government of Brazil.

“Brazilian Capital Markets Law” means Brazilian Law No. 6,385/76, as amended.

“Brazilian Central Bank” means Banco Central do Brasil, or the Central Bank of Brazil.

“Brazilian Corporation Law” means Brazilian Law No. 6,404/76, as amended.

“CDI” means the Certificado de Depósito Interbancário, or the Interbank Deposit Certificate, means the “over extra group” daily average rate for interbank deposits, expressed as an annual percentage, based on 252 business days, calculated daily and published by B3, or any other index as may be further used in substitution thereof.

“CMN” means the Conselho Monetário Nacional, or the Brazilian Monetary Council.

“consultants” are independent sales representatives who, although they are not employed by Natura &Co, sell Natura &Co products to customers of Natura &Co.

“CVM” means the Comissão de Valores Mobiliários, or the Brazilian Securities Commission.

“EU” means the European Union.

“Euromonitor” means Euromonitor International Limited.

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended.

“FGV” means the Fundação Getulio Vargas.

“IASB” means the International Accounting Standards Board.

“IBGE” means Instituto Brasileiro de Geografia e Estatística, or the Brazilian Institute of Geography and Statistics.

“IFRS Accounting Standards” means International Financial Reporting Standards as issued by the International Accounting Standards Board.

 

“IGP-M means the general market price index measured by the FGV;

“IPCA” means a broad consumer price index measured by the IBGE;

“IT” means information technology.

“Natura” means Natura Cosméticos S.A., a corporation (sociedade anônima) incorporated under the laws of Brazil, and its consolidated subsidiaries (excluding Aesop, The Body Shop and their respective subsidiaries).

“Natura &Co” means (1) prior to the consummation of the Transaction, Natura Cosméticos S.A. and its consolidated subsidiaries, and (2) after the consummation of the Transaction, Natura &Co Holding S.A. and its consolidated subsidiaries, including Natura and Avon.

“Natura &Co LATAM” means our segment including all operations under our Natura and Avon brands located in Brazil and Latin America.

“Natura &Co Luxembourg” means Natura &Co Luxembourg Holdings S.à r.l., a private limited company (société à responsabilité limitée) organized under the laws of the Grand Duchy of Luxembourg.

“Natura &Co Holding” means Natura &Co Holding S.A., a corporation (sociedade anônima) incorporated under the laws of Brazil, excluding its subsidiaries.

“Natura &Co Holding By-Laws” means the by-laws of Natura &Co Holding.

“Natura &Co Holding Shares” means common shares of Natura &Co Holding.

“Natura Cosméticos” means Natura Cosméticos S.A., a corporation (sociedade anônima) incorporated under the laws of Brazil, excluding its subsidiaries.

“Natura Indústria” means Indústria e Comércio de Cosméticos Natura Ltda.

“Novo Mercado Rules” means the listing rules of the Novo Mercado segment of the B3.

“NYSE” means the New York Stock Exchange.

“Sales representatives” or “representatives” means independent contractors who are not employees of Avon or any of its subsidiaries, but directly or indirectly purchase products or services from Avon or any of its subsidiaries.

“Securities Act” means the U.S. Securities Act of 1933, as amended.

“Shareholders’ Agreement” means the Shareholders’ Agreement of Natura &Co Holding which was entered into on September 4, 2019, as amended.

“The Body Shop” means The Body Shop International Limited, a private limited company registered in England and Wales and its subsidiaries.

“Transaction” means the transaction effected by the Agreement and Plan of Mergers, dated May 22, 2019, as amended on October 3, 2019 and as may be further amended from time to time in accordance with its terms (the “Merger Agreement”) entered into by Avon, Natura Cosméticos, Natura &Co Holding, Nectarine Merger Sub I, Inc. and Nectarine Merger Sub II, Inc. pursuant to which (i) Natura &Co Holding, after the completion of certain restructuring steps, held all issued and outstanding shares of Natura Cosméticos, (ii) Nectarine Merger Sub II, Inc. merged with and into Avon, with Avon surviving the merger, and (iii) Nectarine Merger Sub I, Inc. merged with and into Natura &Co Holding, with Natura &Co Holding surviving the merger, and as a result of which each of Avon and Natura Cosméticos became a wholly owned direct subsidiary of Natura &Co Holding. The Transaction closed on January 3, 2020.

“United Kingdom” or “UK” means the United Kingdom of Great Britain and Northern Ireland. 

“United States” or “U.S.” means the United States of America.

 

 

Consolidated Financial Statements

The consolidated financial information presented in this annual report has been derived from the audited consolidated financial statements as of December 31, 2023 and 2022 and for each of the years in the three-year period ended December 31, 2023 and the related notes thereto of Natura &Co Holding, included in this annual report.

The consolidated financial statements of Natura &Co Holding are prepared in accordance with the IFRS Accounting Standards as issued by the IASB and are presented in Brazilian reais.

We maintain our books and records in Brazilian reais, which is the functional currency and presentation currency of the consolidated financial statements of Natura &Co Holding. Unless otherwise noted, our financial information presented herein as of December 31, 2023 and 2022 and for the years ended December 31, 2023, 2022 and 2021 is stated in Brazilian reais, our reporting currency.

Sale of Aesop and The Body Shop

We disposed of our interests in Aesop and The Body Shop in the year ended December 31, 2023. As a result of the disposals of Aesop and The Body Shop, the Aesop and The Body Shop balances are no longer disclosed in our consolidated balance sheet since September 1, 2023 and December 31, 2023, respectively. The results originating from the applicable segments were classified as discontinued operations in our consolidated income statement for the year ended December 31, 2023, 2022 and 2021.

In addition, as a result of the sales of Aesop and The Body Shop, our results of operations for the year ended December 31, 2023 are not directly comparable to our results of operations for the years ended December 31, 2022 and 2021, which may make it difficult for you to evaluate our business, financial condition, results of operations and prospects.

Please refer to note 35, “Discontinued Operations,” to our audited consolidated financial statements included elsewhere in this annual report for more information.

Currency Conversions

On December 31, 2023, the exchange rate for reais into U.S. dollars was R$4.841 to U.S.$1.00, R$5.218 to U.S.$1.00 as of December 31, 2022 and R$5.581 to U.S.$1.00 as of December 31, 2021, in each case, as reported by the Brazilian Central Bank. The real/U.S. dollar exchange rate fluctuates widely, and the selling rate as of December 31, 2023 may not be indicative of future exchange rates.

Solely for the convenience of the reader, we have translated certain amounts included in “Item 3. Key Information—A. Selected Financial Data” and elsewhere in this annual report from reais into U.S. dollars using the selling rate as reported by the Brazilian Central Bank as of December 31, 2023 of R$4.841 to U.S.$1.00. These translations should not be considered representations that any such amounts have been, could have been or could be converted into U.S. dollars at that or at any other exchange rate.

Rounding

We have made rounding adjustments to reach some of the figures included in this annual report. As a result, numerical figures shown as totals in some tables may not be an arithmetic aggregation of the figures that precede them.

Market Data

We obtained market and competitive position data, including market forecasts, used throughout this annual report from market research, publicly available information and industry publications, as well as internal surveys. We include data from reports prepared by the Brazilian Central Bank, the B3, the IBGE, the ABIHPEC” means Associação Brasileira da Indústria de Higiene Pessoal, Perfumaria e Cosméticos, or the Brazilian Personal Hygiene, Perfumery and Cosmetics Association, the BNDES, the FGV and Euromonitor, among others. We believe that all market data in this annual report is reliable, accurate and complete.


 Not applicable.

 Not applicable.

 Not applicable.

 Not applicable.

Not applicable.

The following tables present a summary of our consolidated financial data as of December 31, 2023 and 2022 and for each of the years in the three-year period ended December 31, 2023, derived from our audited consolidated financial statements. The following information is presented in millions of Brazilian reais, unless otherwise specified, and is presented in accordance with the measurements and principles of the IFRS Accounting Standards.

The following information should be read in conjunction with the sections of this annual report entitled “Item 3. Key Information—D. Risk Factors,” “Item 5. Operating and Financial Review and Prospects,” and the annual consolidated financial statements included elsewhere in this annual report. Historical results for any period are not necessarily indicative of results to be expected for any future period.

Statement of Profit or Loss Data

 

For the Year Ended December 31,(2)

 

2023(1)


2023


2022


2021

 

(in millions of U.S.$)


(in millions of R$)

Net revenue from continuing operations             

5,523.1


26,737.3


29,223.7


31,742.7

Cost of sales             

(1,998.7)


(9,675.5)


(11,770.8)


(12,531.3)

Gross profit             

3,524.5


17,061.8


17,452.9


19,211.4

Operating income (expenses)

 


 


 


 

Selling, marketing and logistics expenses             

(2.275.6)


(11,015.9)


(11,558.9)


(12,386.2)

Administrative, R&D, IT and project expenses             

(872.8)


(4,225.0)


(5,023.6)


(5,217.6)

Impairment losses on trade receivables             

(125.2)


(605.9)


(604.8)


(839.4)

Other operating income (expenses), net             

(283.0)


(1,369.9)


(649.1)


(207.4)

Operating (loss) income before financial result             

(32.2)


(154.9)


(383.5)


560.8

Financial income (expense)             

(519.2)


(2,513.5)


(1,785.0)


(908.0)

Net (loss) income before income tax and social contribution 

(551.4)


(2,668.4)


(2,168.5)


(347.2)

Income tax and social contribution             

17.8


86.4


(92.4)


1,297.2

Net (loss) income from continuing operations  

(533.6)


(2,582.0)


(2,260.9)


950.0

Discontinued operations