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Givaudan reported CHF 5.9 billion in sales for the first nine months of 2026, with like-for-like growth in its fragrance and beauty business reaching 8.8%. Fine fragrance sales rose 15.3%, while regional performance varied and fragrance ingredients and active beauty declined 2.5%.
Givaudan reported CHF 5.9 billion in sales for the first nine months of 2026, with fine fragrance sales rising 15.3% and helping lift like-for-like growth in its fragrance and beauty business to 8.8%. The Swiss flavours and fragrance group said the division performed strongly, though growth varied across its other businesses and geographic markets.
Givaudan’s fragrance and beauty business generated CHF 3.1 billion in sales between January and September, according to the results reported by Cosmetics Business. Its 8.8% like-for-like growth was above the 4.7% forecast cited in that report. Fine fragrance was a key contributor, with sales up 15.3%. That followed growth of 18.7% in the same period a year earlier, meaning the latest increase came after a particularly strong comparison period.
Other categories showed a mixed picture. Givaudan’s consumer goods business grew 9.3%, compared with 5.9% in the same period the previous year. By contrast, sales in fragrance ingredients and active beauty fell 2.5%. The figures indicate that the strength in fine fragrance was not shared evenly across every part of the company’s portfolio.
Regional results also diverged. Like-for-like sales in Asia-Pacific increased 10.6%, while North America grew 1.1%, down from 3.5% in the comparable nine-month period a year earlier. Latin America recorded no like-for-like growth. These regional figures provide a different view of the group’s performance from the faster growth in its fragrance and beauty division.
Fine Fragrance Leads Division Growth
The results show how fine fragrance supported Givaudan’s growth at a time when other categories and regions were less robust. The 8.8% like-for-like increase in fragrance and beauty exceeded the forecast cited in the report, and the 15.3% fine fragrance rise identifies a clear source of momentum within the company’s portfolio.
However, the overall picture is not uniformly strong. A 2.5% decline in fragrance ingredients and active beauty, modest North American growth and flat Latin American sales point to areas where performance differed from the leading fragrance segment. For customers, suppliers and investors tracking the group, the results show both the value of its fine fragrance business and the unevenness of demand across its markets.
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Growth Against Uneven Comparisons
Givaudan’s sales figures use like-for-like growth, a measure intended to reflect underlying performance without the effects of changes such as currency movements and acquisitions. Cosmetics Business described the group’s revenue as better than expected and cited 4.7% as the forecast for fragrance and beauty growth. The available report does not identify the forecaster or provide a broader consensus range.
The prior-year comparisons are relevant: fine fragrance had already grown 18.7% in January-September 2025, while consumer goods growth in the latest period accelerated from 5.9% to 9.3%. Givaudan has also set a five-year strategy focused on “driving sustainable growth with customers,” with targets of 4% to 6% average annual like-for-like sales growth and more than 12% average adjusted free cash flow. The company has described creative, higher-value products and solutions as part of that approach.
“We are pleased with the accelerating momentum in our sales growth in the first nine months of 2026, with sustained strong performance in our fragrance and beauty business, and sequentially improving performance in taste and wellbeing, in line with expectations.”
— Christian Stammkoetter, Givaudan CEO, as quoted in the Cosmetics Business report
Forecast Basis and Regional Outlook
The published account does not specify the source or methodology for the 4.7% fragrance and beauty forecast, or provide detailed revenue and margin figures for every business line. It also does not explain what drove the 2.5% decline in fragrance ingredients and active beauty, the slower North American growth or the lack of growth in Latin America.
Givaudan’s CEO cited geopolitical and macroeconomic challenges, but the report does not quantify their effect on sales. The available information also does not establish whether the fine fragrance growth rate will continue in the next reporting period. These results cover nine months and should not be treated as a full-year outcome.
Full-Year Results Will Test Momentum
The next key update will be Givaudan’s reporting on the remainder of 2026, which can show whether fine fragrance growth continues and whether weaker categories and regions improve. The company’s stated five-year targets provide a longer-term benchmark: 4% to 6% average like-for-like sales growth and more than 12% average adjusted free cash flow over that period.
Givaudan has also said it will pursue its strategy through higher-value products, environmental and human protection, and acquisition opportunities aligned with its focus areas. The results reported so far do not show how those priorities will affect full-year performance.
Key Questions
How much did Givaudan report in sales for the first nine months of 2026?
Givaudan reported CHF 5.9 billion in total sales for January to September 2026, according to the Cosmetics Business report.
How much did fine fragrance sales grow?
Fine fragrance sales rose 15.3% in the first nine months of 2026. The report says they had risen 18.7% in the same period of 2025.
Which Givaudan business areas grew or declined?
Fragrance and beauty recorded 8.8% like-for-like growth, and consumer goods grew 9.3%. Fragrance ingredients and active beauty declined 2.5%.
How did Givaudan’s regional sales perform?
Like-for-like sales increased 10.6% in Asia-Pacific and 1.1% in North America, while Latin America recorded no growth. North American growth was lower than the 3.5% reported for the comparable period a year earlier.
What is still unknown about the results?
The available report does not give the basis for the 4.7% forecast it cites, explain the decline in fragrance ingredients and active beauty, or establish whether fine fragrance growth will continue through the rest of 2026.
Source: rss
