L’Oréal reported first-quarter 2026 revenue of €12.15 billion, an increase of 3.6% on a reported basis and 6.7% percent on a like-for-like basis after adjusting for IT project phasing, a growth rate which exceeds the pace of the global beauty market.
Europe led regional performance with adjusted growth of 5.5%, while North America followed closely at 7.6% and the SAPMENA-SSA region advanced 15.4%. North Asia returned to positive territory at 4.8% adjusted, thanks to a rebound in mainland China where sales rose more than 5%. Latin America posted a 5.1% gain amid a broader market slowdown in Brazil and Mexico.
By division, Professional Products and Dermatological Beauty delivered double-digit adjusted growth of 13.1% and 10.2% respectively, driven by premium haircare and skincare franchises. L’Oréal Luxe advanced 5.6%, supported by fragrance momentum and improving conditions in Asian travel retail. Consumer Products grew 4.1%, with strong contributions from haircare and makeup innovations across mass-market brands.
E-commerce sales rose at a double-digit rate, fueled by emerging markets and European demand.
The first-quarter performance suggests the group’s multi-category structure continues to offset uneven regional demand and management signaled confidence in achieving another year of top-line and bottom-line growth while the integration of Kering beauté will be a factor to monitor in the coming quarters.
