L’Oréal is celebrating its groupwide performance with a strong first quarter, as the world’s largest cosmetics company continues to stay ahead of global trends.

Recording $14.2 billion in sales for the three months ending March 31, a 7.6 per cent increase on the previous year, L’Oréal ended the quarter with the announced acquisition of Kering Beaute for a reported $4.6 billion.

Sales grew in every region, the group said, with emerging markets up by “double digits”.

“L’Oréal is off to a great start with adjusted like-for-like growth of +6.7 per cent. We not only outperformed a beauty market that remains dynamic but accelerated our market share gains around the world,” Nicolas Hieronimus, CEO of L’Oréal, said.

“Driven by the step-up in our innovation plan, we continue to win in fragrances, haircare, and makeup, and start seeing some encouraging signs in skincare. And our e-commerce leadership allows us to double down on the winning channel with spectacular results across all regions, especially emerging markets.”

Hieronimus said the group’s growth in both the US and China outpaced the market average.

“Despite current geopolitical and macroeconomic uncertainties, we are optimistic about the outlook for the global beauty market,” he added.