L'Oreal (OR FP) Q4 2025 (EUR): Revenue 11.25bln (exp. 11.11bln), Operating profit 8.89bln (exp. 8.94bln), LFL sales +6% (exp. +6.46%)

• Derm. beauty +11.5% (exp. +5.78%).
• Consumer products +4.8% (exp. +4.84%).
• Luxe +4.5% (exp. +7.82%).

• North America +8.6% (exp. +7.51%).
• North Asia +0.6% (exp. +5.44%).

• Sales 44.1bln (exp. 44.2bln).

L'Oreal's Q4 2025 results show a beat on revenue but a slight miss on operating profit, indicating a mixed performance. The strong growth in dermo-beauty significantly outperformed expectations, while luxe sales fell short, reflecting potential challenges in that segment. Overall, the results suggest steady demand in key areas despite some inconsistencies, which could influence sentiment around their growth trajectory and outlook.