Shares in the company rose about 4% in premarket trading, after having fallen 34% this year.
In fact, consumers are trading up from lower-priced consumer beauty labels to its prestige division, she said.
The beauty category is "more resilient than ever", Nabi said, after Coty reiterated its annual profit forecast.
Excluding items, the company earned 15 cents per share, surpassing estimates of 11 cents, according to IBES data from Refinitiv.
Its net revenue rose 1% to $1.39 billion in the first quarter ended Sept. 30, compared with estimates of $1.37 billion.