Kolmar Korea and Cosmax post record Q2, lifted by indie brands
Korea's two biggest cosmetics ODMs both posted their best quarter ever.
Kolmar Korea
- Operating profit ₩110.3B (+50.2%)
- Revenue ₩861.3B (+17.9%)
Cosmax
- Operating profit ₩73.7B (+21.3%)
- Revenue ₩794.9B (+27.5%)
What drove it
- Peak-season sun care and skincare orders ahead of summer
- More orders as indie brands expand overseas (per Kolmar)
- Cosmax Korea topped ₩500B in quarterly revenue for the first time, its China unit grew 33%, and its US subsidiary booked its first quarterly operating profit since 2013.
Analysts expect big Black Friday orders to keep coming.
For brands this is good news with a catch. Industry chatter says that when ODM lines fill up, smaller brands' production slots slip. How have ODM lead times felt for you lately?
Source: Korea JoongAng Daily — K-beauty boom propels Kolmar, Cosmax to record Q2
0
No comments yet. Be the first.