Spice and fragrance sector surges! Have the four global giants reaped windfall profits? Are domestic firms rushing to go public?

Nevertheless, despite minor fluctuations in overall performance, the spice and fragrance segment has demonstrated resilience—defying headwinds and maintaining profitability. Encouragingly, after weathering cyclical volatility and crises within the chemical industry, major global spice and fragrance companies finally saw a recovery and growth in their 2024 first-half results—and this positive momentum continued into their latest Q3 financial reports. Givaudan reported Q3 2024 sales growth of 10.2% to CHF 1.907 billion (approx. RMB 15.74 billion), with total group sales for the first three quarters reaching CHF 5.644 billion (approx. RMB 46.18 billion), up 13% year-on-year. Its Fragrance & Beauty division generated quarterly revenue of CHF 956 million (approx. RMB 7.83 billion) and total revenue of CHF 2.782 billion (approx. RMB 22.76 billion) for the first three quarters—a 15.6% increase at constant exchange rates. DSM-Firmenich recorded Q3 2024 revenue of €3.244 billion (approx. RMB 24.94 billion), up 7% year-on-year; its first-three-quarters revenue totaled €9.542 billion (approx. RMB 73.34 billion), up 4% year-on-year. Within this, its Fragrance & Beauty business achieved Q3 revenue of €991 million (approx. RMB 7.62 billion), up 8% year-on-year, and cumulative revenue of €2.988 billion (approx. RMB 22.96 billion) for the first three quarters. Symrise posted an 11.1% organic sales growth for the first three quarters of 2024, with group revenue rising to €3.824 billion (approx. RMB 29.37 billion). Its Scent & Care division achieved organic sales growth of 12.2% for the first nine months and 8.4% for Q3 alone, generating revenue of €1.475 billion (approx. RMB 11.33 billion) over the first three quarters. IFF reported Q3 net sales of USD 2.925 billion (approx. RMB 20.96 billion), up 4% year-on-year; its total revenue for the first three quarters stood at approx. USD 8.7 billion (approx. RMB 62.23 billion). Its Fragrance division posted Q3 sales of USD 613 million (approx. RMB 4.39 billion), with currency-neutral sales growth of 10% on a comparable basis; its cumulative sales for the first three quarters reached USD 1.861 billion (approx. RMB 13.32 billion). 2. Successful IPOs! Domestic firms ride the wave of listing enthusiasm With clear performance gains among international flavor and fragrance players, Chinese companies in this sector are also seizing the opportunity—sending strong signals of robust development. On September 13, Anhui Traditional Chinese Medicine Flavor Co., Ltd. (“TCM Flavor”), a company specializing in flavors and fragrances for daily chemical products, successfully listed on the Beijing Stock Exchange [6], becoming the “first flavor-and-fragrance IPO on the BSE.” Its clients include global top-ten flavor-and-fragrance companies such as Symrise and Givaudan. According to its prospectus, all proceeds raised will be allocated to projects involving cooling agents and fragrance raw materials. In recent years, leading domestic flavor companies have shown heightened enthusiasm for IPOs, with multiple firms either already listed or actively pursuing listing.

U.S. tech stocks diverged sharply on Wednesday; the Dow and S&P 500 hit new all-time highs—could a short-term peak be imminent, and who will manage to escape unscathed?

Wednesday U.S. market open: All three major indices rose. The Dow Jones Industrial Average rose 0.70%, the S&P 500 gained 0.65%, and the Nasdaq Composite rose 0.41%. I. The Dow Jones surged to a new all-time high of 54,617 points! Once peaking and reversing, its downside target stands at 48,000 points—leaving a gap. II. The S&P 500 approached 7,800 points, hitting a record high of 7,793 points; upon peaking and retreating, its downside target is 6,500 points—also leaving a gap! III. Shopify rose 22.77%, Arista Networks rose 11.29%, International Flavors & Fragrances rose 9.67%, Booking Holdings rose 7.32%, Wynn Resorts rose 7.05%, and Newmont Corporation rose 6.70%. IV. Among the ‘Magnificent Seven’: NVIDIA rose 3.18%, Amazon rose 1.70%, Meta Platforms rose 1.29%, Google rose 0.88%, Microsoft rose 0.85%, Apple fell 0.43%, and Tesla fell 1.36%. V. NVIDIA’s share price rose 3% to USD 218.20 per share—the highest since June 4—and its market capitalization reached USD 5.29 trillion.

International Flavors & Fragrances Hits New 1-Year High

Oct 14, 2026

International Flavors & Fragrances reached a 52-week high of $89.46 despite missing Q2 earnings, supported by a $2.5 billion share buyback and dividend announcement.

MarketBeat

2026-04-07

BNP Paribas Exane Lowers Price Target for International Flavors & Fragrances (NYSE:IFF)

2026-04-07

International Flavors & Fragrances Inc. Stock Underperforms on Tuesday

2026-04-08

International Flavors & Fragrances Inc. Given Consensus Recommendation of "Moderate Buy" by Analysts

2026-04-09

OFI Invest Asset Management Reduces Stake in International Flavors & Fragrances

2026-04-10

Douglas Lane & Associates LLC Sells 39,607 Shares of International Flavors & Fragrances Inc.