THE WHAT? L’Oréal has reported strong first-half 2026 results, with adjusted like-for-like sales growth of 6.5%, outperforming the global beauty market and delivering record operating margins as all divisions and regions contributed to growth.
THE DETAILS First-half sales reached €23.8 billion, up 6.8% on a like-for-like basis and 5.8% on a reported basis, while operating margin increased to a record 21.3%. Growth was driven by strong performances across the Professional Products, Consumer Products, L’Oréal Luxe and Dermatological Beauty divisions, with particularly robust momentum in premium fragrances, professional haircare and dermocosmetics. E-commerce continued to grow at nearly twice the pace of the global beauty market, while the company also announced a 50-year exclusive worldwide licence for Gucci Beauty, agreed to acquire a majority stake in Indian beauty company Innovist, and expanded its AI partnership with OpenAI to accelerate Beauty Tech innovation.
THE WHY? The results underline L’Oréal’s ability to outperform the global beauty market through innovation, premiumisation, digital commerce and strategic acquisitions. Continued investment in Beauty Tech, AI, luxury licensing and high-growth markets reinforces the company’s competitive position as the world’s largest beauty company.
Source: L’Oréal
