Yatsen (YSG) Q2 FY26 earnings call

Yatsen navigated a challenging beauty market in Q2 FY26, achieving moderate revenue growth primarily fueled by its skincare portfolio, which now constitutes over 70% of total sales. The company is actively optimizing its color cosmetics business and streamlining operations, while strategically investing in R&D and high-growth channels like Douyin. Management is focused on improving profitability and marketing efficiency amidst rising online traffic costs.