With half-year revenue of RMB 40 billion, flavor & fragrance giant IFF has 'stabilized'

International Flavors & Fragrances Inc. (IFF) is a global leader in flavors, fragrances, and functional ingredients, delivering sensory experiences and nutrition & health solutions to industries including food, beverages, personal care, home care, and pharmaceuticals. In 1889, Josef Polak and Leopold Schwarz co-founded Pollak & Schwarz in the Netherlands—a company producing fruit flavors and essential oils—which soon became one of Europe’s most important flavor producers at the time. In the early years of World War II, it merged with U.S.-based Van Ameringen-Haebler, Inc., a firm primarily focused on fragrance business. In 1958, the global merger was completed, and the new entity was named International Flavors & Fragrances (IFF). By business segment: ① Taste Segment Revenue for Q2 reached USD 631 million, with broad-based growth across all regions. Adjusted EBITDA stood at USD 125 million, yielding an adjusted operating EBITDA margin of 19.8%. On a comparable, currency-neutral basis, operating EBITDA grew by 3%. ② Food Ingredients Segment Q2 revenue totaled USD 850 million, with comparable, currency-adjusted sales up 1%. Adjusted EBITDA amounted to USD 124 million, representing a margin of 14.6%; on a comparable, currency-neutral basis, profit surged 21%. ③ Health & Biosciences Segment Q2 revenue reached USD 577 million, with comparable, currency-adjusted sales up 4%—all business lines demonstrating solid performance. Adjusted operating EBITDA totaled USD 151 million, yielding a margin of 26.2%; on a comparable, currency-neutral basis, profit rose 3%. ④ Fragrance Segment Q2 revenue stood at USD 603 million; pricing factors drove comparable, currency-adjusted sales up 1%, though profitability dipped slightly. Adjusted EBITDA totaled USD 130 million, with a margin of 21.6%.

China Cosmetics Daily | Beauty Opportunities Amid Emotion-Driven Consumption; IFF Releases Q1 2025 Financial Results

01/ IFF Releases First-Quarter 2025 Financial Results Recently, International Flavors & Fragrances Inc. (IFF) released its financial results for the first quarter of fiscal year 2025. The report shows that IFF’s Q1 2025 revenue amounted to USD 2.84 billion, down 2% year-on-year; adjusted operating EBITDA reached USD 578 million, up 9% year-on-year—reflecting improved profitability. IFF operates four major business segments: Nutrition, Health & Biosciences, Fragrance, and Pharmaceuticals. Starting in 2025, IFF restructured its operating divisions, splitting its former business into two independent units: the Taste segment and the Food Ingredients segment. In Q1, the Taste segment performed strongly, generating revenue of USD 627 million and adjusted EBITDA of USD 131 million, achieving an adjusted operating EBITDA margin of 20.9%. (Source: Sina Finance) 02/ Coty Releases Third-Quarter Fiscal Year 2025 Earnings Report Fragrance brand Coty released its third-quarter earnings report for fiscal year 2025. The report shows that Coty’s net revenue for Q3 FY2025 totaled USD 1.3 billion, down 6% year-on-year; operating profit declined by USD 280 million, resulting in an operating loss margin of 21.6%. Coty’s two business categories—Prestige Beauty and Consumer Beauty—accounted for 64% and 36% of its total sales, respectively. Prestige Beauty net revenue stood at USD 830 million, down 4% year-on-year; Consumer Beauty net revenue totaled USD 470 million, down 9% year-on-year. Coty attributed this decline to weakening sales in prestige color cosmetics, slowing growth in prestige fragrances, and lower revenues from color cosmetics and body care. (Source: Xueqiu) 03/ Listed Cosmetic Packaging Companies Face ‘Difficulty Generating Profits’ According to data from China’s National Bureau of Statistics, retail sales of cosmetics by enterprises above designated size declined 1.1% year-on-year in 2024—the first negative growth since 2022 (the pandemic-affected year), in nearly a decade. Based on financial reports from ten listed cosmetic packaging companies—including Yutong Technology, Hexing Packaging, Yongxin Co., Ltd., Lihe Sci-Tech, Zhongrong Co., Ltd., Shanghai Ailu, Jiahen Homecare, Xianggang Technology, Boxinlong, and Jingsheng New Materials—70% reported declines in net profit to varying degrees. Financial data reveals that, excluding Lihe Sci-Tech, Hexing Packaging, and Jiahen Homecare, revenue increased year-on-year for the remaining seven companies. Yet paradoxically, net profit declined for seven firms—excluding Yongxin Co., Ltd., Xianggang Technology, and Jingsheng New Materials—with five posting double-digit declines.

IFF Sales, Adjusted Earnings Rise on Broad Gains

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International Flavors & Fragrances reported adjusted earnings of 83 cents per share, beating estimates, while sales rose 4% year-over-year to $1.94 billion. The company raised its full-year sales guidance citing solid volumes across scent, taste, and health segments.

chemweek

2026-11-04

IFF Sales, Adjusted Earnings Rise on Broad Gains

IFF Sales, Adjusted Earnings Rise on Broad Gains

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