L’Occitane Group has reported annual sales of €2.8bn in its first financial results since being taken private.
In what the French beauty company described as a “watershed year”, net sales grew 11.7% in the year ending 31 March 2025 at a constant rate compared to the previous year.
Viral body care brand Sol de Janeiro, which it acquired a majority stake in back in 2021, made up 31.6% of the company’s sales.
The Cheirosa fragrance-maker continued to dominate in the US, claiming the number one spot as the top-selling beauty brand in North America at Sephora, and the number one fragrance brand on Amazon.
Brand L’Occitane de Provence contributed 48.4% of sales, with Almond Shower Oil body cleanser noted as a standout product.
British skin care brand Elemis, meanwhile, contributed 10.1% of sales, with its signature Pro-Collagen range a bestseller in the UK.
Erborian, a premium Korean skin care brand, was the company’s fastest-growing brand, while America was the fastest-growing region for the company overall, making up 46.4% of sales.
“With the premium beauty industry undergoing profound shifts, privatisation was a natural evolution for the group, allowing us to focus on our purpose, core values and sustainable growth,” L’Occitane Group said in a statement
“Post-privatisation, the group has refined its governance structure to balance group oversight and brand autonomy for a stronger and more agile organisation in the years to come.
“Despite organisational changes, the L’Occitane Group remains firmly committed to delivering on its triple bottom line – people, planet and profit.”
L’Occitane Group completed its privatisation in October last year, de-listing from the Hong Kong stock exchange.
Laurent Marteau stepped down as Group CEO in September last year, five months after taking on the new role, which combined the responsibilities of CEO and Group MD.
An ‘Office of the Chief Executive’ was set up by the board to manage the company’s day-to-day operations, consisting of Reinold Geiger, Chair and controlling shareholder of L'Occitane Group; Samuel Antunes, Group CFO; and Ingo Dauer, Group General Counsel.
In February this year, Didier Lalance was appointed Group General Manager and joined the committee.
Looking ahead, L’Occitane Group said it is entering the 2026 financial year with “cautious optimism” as it navigates “an uncertain and volatile macroeconomic environment”.
The statement added: “As a global group with a diversified portfolio of strong and unique premium beauty brands, we are more resilient to brand- or region-specific pressures.
“Looking to the future, we believe we are well positioned to drive healthy and sustainable growth.”
L’Occitane Group will work towards B-Corp recertification in 2026.