On Tuesday, Swiss flavour and fragrance firm Givaudan reported sales of CHF 5,743 billion ($7.1 billion) in the first nine months of 2025, a 5.4 percent lift from the same period in 2024.
The company will also mitigate the impact of tariffs in the US by implementing price increases “in collaboration with its customers”, according to the release, which span a wide variety of beauty companies, fragrance houses and food brands.
Givaudan’s divisions “continue to support our strong performance across business segments, geographies and customer groups, despite the ongoing geopolitical, trade and macro-economic challenges,” chief executive Gilles Andrier said in a statement.
The lift was attributed to outperformance in the company’s high-growth markets, including Latin America and the Middle East, and sales of fine fragrances, which grew 18.7 percent. The company added it was likely to exceed its full-year growth target of 4 to 5 percent.
Learn more:
What Comes After the Fragrance Boom
As consumer sentiment begins to dampen, the perfume industry’s explosive growth looks headed for a slowdown. Executives from Swiss fragrance and flavours firm Givaudan are confident in the strength of their business, but are diversifying into makeup, skincare and other categories to prepare.
