L'Oréal posts Q3 growth as fragrance and haircare lead

· Beauty & Fashion · France

L'Oréal Groupe reported stable growth in the third quarter, with fragrance and haircare leading the gains, according to Vogue Business. Glossy reports that CEO Nicolas Hieronimus used Thursday's investor call to name the brands driving the conglomerate's 7% sales jump over the summer. The company's beauty business remains a key engine for the group, and management indicated there is room to do better even as the division expands. The results give investors a read on which categories are holding up as the global beauty market grows more uneven.

Why it matters：L'Oréal is the largest pure-play beauty company, so its category mix and management commentary set the benchmark for fragrance, haircare and mass-market beauty trends worldwide.

Key points

  • Fragrance and haircare drove the quarter's growth.
  • Sales jumped 7% this summer, per the CEO's investor call.
  • Management said the beauty business can still improve.

Sources (original reporting)

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