L’Oreal Groupe announced its 2025 Annual results. 

Nicolas Hieronimus, CEO of L’Oréal, said:

“2025 was a defining year for L’Oréal: we delivered strong results regardless of the context, while profoundly transforming the Group… At +4%, L’Oréal grew once again ahead of the market; a key highlight was the strong second-half recovery in our two largest countries, the US and China, while we continued our Emerging conquest. We delivered another year of record gross and operating margins as our focus on efficiency gains allowed us to offset adverse currency and tariff trends.”

Sales amounted to 44.05 billion euros at 31 December 2025, a 1.3% increase and a like-for-like increase of 4.0%. The net impact of changes in the scope of consolidation was a 0.9% increase. Currency fluctuations had a negative impact of 3.6% at the end of 2025.

Hieronimus added,

“At the same time, we made L’Oréal stronger than ever through our transformation. We continued to advance on AI, strengthen our R&I capabilities and implement our IT transformation. And we embarked on our most strategic and transformational M&A offensive to date: Kering Beauté will further bolster our leadership in luxury beauty, adding highly desirable brands with significant growth potential. The increase in our stake in Galderma will allow L’Oréal to take part in the fast-growing market of aesthetics, a key adjacency to our beauty business.”

Professional Products

This division grew 7.5% on a like-for-like basis and 5.7% as reported.

The Professional Products division significantly outperformed the professional beauty market, growing in volume and value. Sales passed the €5bn threshold for the first time. 

It was boosted by the sustained momentum in premium haircare and the successful rollout of the omnichannel strategy – with an acceleration in both e-commerce and selective distribution – while focusing on reigniting the salon market through tailored salon services.

Consumer Products

This area grew 3.5% like-for-like and 0.7% reported. Growth accelerated between first and second half, reflecting the successful step-up in innovation, particularly haircare and makeup.

Luxe

L’Oréal Luxe had a growth of 2.8% on a like-for-like basis and remained the same as reported.

L’Oréal Luxe thus reinforced its global leadership position, anchored by a balanced regional footprint. 2025 marked a new milestone as the Division became the number one player in North Asia – securing market leadership across all regions.

Dermatological Beauty

This division had a 5.5% growth on a like-for-like basis and 2.5% as reported.

Momentum improved quarter after quarter and significantly accelerated into double digits in the fourth quarter. In sell-out, the Division continued to outperform a global dermo-cosmetics market, which decelerated but remained robust and ahead of the overall beauty category.

Dermatological Beauty advanced in all regions. Momentum was particularly strong in emerging markets and resilient in mature markets, where the Division significantly outpaced the market in sell-out.

Photo: Shutterstock/ HJBC