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Listed beauty groups averaged 4.2% weighted like-for-like growth in Q1 26, but this masks a real divide. Half the peer group grew meaningfully while the other half was flat or in decline. I reckon that the differences partially come down to three variables: category mix, China exposure, and proximity to the Middle East conflict.

Givaudan, DSM-Firmenich, IFF and Symrise together posted a weighted average organic growth of 4.2% in their fragrance and beauty divisions in Q1 26 a solid result in a quarter marked by Middle East disruption, supply chain uncertainty and tough prior-year comparables.

Nykaa reported FY26 net revenue of €900m (Rs 10,022 crore), up 26% year-on-year but more notable than the topline is what happened below it: EBITDA grew 59% to €67.6m (Rs 752 crore), with margin expanded 155 basis points to 7.5% the highest in the company’s history. Profit after taxes grew 183% to €18.3m (Rs 204…

Circana’s Q1 2026 US beauty report has one number that stopped me: mass and prestige grew nearly the same rate. Prestige was up 6% to $8.1 billion while mass was up 7% to $18.1 billion. This reflects consumers who have stopped being loyal to a channel and started being strategic about where they spend across…

Data from Perfumist, an app tracking perfume preferences of more than 3 million consumers worldwide, shows which were the favourite niche fragrance brands of its users last year. Parfums de Marly leads at an index of 100, well ahead of Creed (74), Maison Francis Kurkdjian (73), Xerjoff (71) and Kilian (67), and the gap is…