L’Oréal Group’s revenues rose 7.6% like-for-like to €12.2 billion for the first quarter of fiscal 2026, beating analyst expectations. This was an acceleration from the last quarter, when L’Oréal missed expectations.
“We not only outperformed a beauty market that remains dynamic, but accelerated our market share gains around the world,” CEO Nicolas Hieronimus said in a statement. “Driven by the step-up in our innovation plan, we continue to win in fragrances, haircare, and makeup, and start seeing some encouraging signs in skincare. And our e-commerce leadership allows us to double down on the winning channel with spectacular results across all regions, especially emerging markets.”
On March 31, L’Oréal completed its acquisition of Kering Beauté, including House of Creed, as well as fifty-year exclusive licenses for the creation, development, and distribution of fragrances and beauty products under Bottega Veneta and Balenciaga.
By division, L’Oréal’s professional products (including Kerastase and Redken) sales saw the strongest uptick, rising 15.5% year-on-year, followed by dermatological beauty (including Cerave and La Roche-Posay), up 10.8%. Consumer products (including L’Oréal Paris and Maybelline) were up 5.8%, and luxe products (including Kiehl’s and Yves Saint Laurent) rose 5.2%.
By region, sales in Europe (up 10.3%), North America (up 11.4%), and emerging markets (South Asia Pacific, Middle East, North Africa, and Sub-Saharan Africa) drove growth, the latter up 20.4%. Latin America revenues rose 5.1%, while North Asia revenues fell 4%.
“The second half recovery in our two largest countries, the US and China, continued, and we outpaced the market in both,” Hieronimus said. “Despite current geopolitical and macroeconomic uncertainties, we are optimistic about the outlook for the global beauty market. Our multi-polar model, the determination of our teams, as well as our innovation power, make me confident that we will continue to outperform and achieve another year of growth in sales and profit.”
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