France's L'Oreal H1 sales rise, helped by product launches

L'oreal SA

29/07/2026 17:10

Overview
France beauty products maker's H1 sales rose 5.8%, adjusted LFL growth 6.5%
Net profit excluding non-recurring items up 4.7% yr/yr
Company achieved record first half operating margin of 21.3%

Outlook
Company expects another yr of growth in sales and profit despite current context
L'Oréal says demand for beauty products remains strong heading into second half
Company sees continued market outperformance driven by innovation and e-commerce

Result Drivers
INNOVATION & NEW LAUNCHES - Co said growth was fuelled by its innovation strategy and successful product launches across divisions and regions
E-COMMERCE EXPANSION - E-commerce sales grew in double digits, nearly twice as fast as the market, and remained a key growth driver, especially in regions like SAPMENA-SSA and North Asia
STRONG MIX & VOLUME - Growth in both volume and value with a strong contribution from mix supported gross margin expansion

Company press release: ID:nGNE3fz3mq

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Sales
 
EUR 23.77 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 8 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the personal products peer group is "buy"
Wall Street's median 12-month price target for L'Oreal SA is €420.50, about 9.8% above its July 28 closing price of €382.90
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 25 three months ago

Reuters Recommended Reads
July 27 - France's LVMH H1 revenue edges past estimates, aided by jewelry, Sephora strength 
July 27 - France's Dior H1 revenue falls amid Middle East conflict 
July 28 - Kering's H1 revenue edges past estimates on Gucci improvement, North America demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)