L'Oréal posts 7% Q3 sales growth, led by fragrance and haircare
· Retail & E-commerce · France
L'Oréal Groupe reported a 7% jump in third-quarter sales, with fragrance and haircare leading growth, according to Glossy and Vogue Business. CEO Nicolas Hieronimus used Thursday's investor call to name-check the brands driving the results. The French beauty giant's growth remained stable across the quarter, the reports said. L'Oréal is the world's largest cosmetics group, spanning mass-market, dermatological, luxury and professional beauty, so its quarterly numbers are treated as a barometer for the beauty market. A 7% gain points to resilient consumer spending on beauty, with fragrance and haircare outperforming. The results give the company momentum heading into the year-end season and set a benchmark against which smaller beauty brands and retailers will be measured.
Why it matters:Growth at the largest beauty group signals where consumer spending is holding up, and the fragrance and haircare gains point to categories smaller brands may chase next.
Key points
- Q3 sales grew 7% at L'Oréal Groupe.
- Fragrance and haircare led the growth.
- CEO Nicolas Hieronimus named the leading brands on the investor call.
Sources (original reporting)
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