Givaudan has reported a 5.7% rise in sales for the first nine months of the year to CHF 5.74bn (US$7.14bn).
The increase comes despite the Swiss ingredients supplier facing higher costs, including from US tariffs.
Givaudan said in a statement that it has offset this by hiking prices, a move which it first announced in April this year.
The strong performance was driven by like-for-like sales growth of 8.1% in its high-growth markets, along with the “continued outperformance of local and regional customers across the group and the sustained strong performance of fine fragrance”.
Fragrance and beauty sales grew 8.1% on a like-for-like basis to CHF 2.9bn
Sales within the fine fragrance division shot up 18.7% against a strong comparable period last year when sales grew 17.8%.
Consumer products like-for-like sales increased 5.9%, versus 15.9% for the comparable period in 2024.
Fragrance ingredients and active beauty sales increased by 1.5% on a like-for-like basis.
Strong double-digit growth in active beauty was offset by weaker performance in Fragrance Ingredients, the company said.
“We are very pleased with our continued good sales performance in the first nine months of 2025, against very strong prior year comparables,” said Gilles Andrier, CEO of Givaudan.
“The natural hedges of Givaudan continue to support our strong performance across business segments, geographies and customer groups, despite the ongoing geopolitical, trade and macro-economic challenges.
“Givaudan remains highly focused on supporting our customers' growth in developing innovative products which consumers love.”
Givaudan said that it is “highly likely to exceed the upper end of its average five-year sales growth target of 4% to 5% on a like-for-like basis for the period 2021 to 2025” as a result of the strong growth in the nine month period.
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