Overview

• In the second quarter of 2025, L’Oréal’s reported sales fell 1.3% to €10.74 billion while like-for-like sales rose 2.4% and 3.7% when adjusted for IT transformation phasing.
• For the first half, net profit excluding non-recurring items rose 1% to €3.78 billion, with operating margin expanding by 30 basis points.
• By division, Professional Products led growth with a 6.5% increase to €2.55 billion, followed by Dermatological Beauty at 3.1%, Consumer Products at 2.8% and Luxe at 2.0%.
• Emerging markets drove momentum with SAPMENA-SSA sales up 10.4% and Latin America up 10.3%, while Europe grew 3.4% and North America recovered by 2.0%.
• CEO Nicolas Hieronimus attributed the acceleration to a rebound in China and strength in emerging markets, which helped offset a slowdown in Europe.