In this article, we will discuss the 25 Most Expensive Men’s Perfumes in the World.
As previously noted in our article “15 Best Everyday Colognes in 2024,” the global perfume market was estimated to be worth $50.85 billion in 2022 and is anticipated to expand at a CAGR of 5.9% between 2023 and 2030. In particular, as we pointed out in our article “11 Best Travel-Size Fragrances For Your Next Vacation,” the high-end perfume industry was calculated to be worth $13.66 billion in 2022 and is projected to grow to $19.62 billion by 2029, with a 5.3% CAGR during the projection time frame of 2023–2029.
Coty Inc. (NYSE:COTY)’s Financial Performance Over The Years: Is It Time To Consider Buying Coty Inc. (NYSE:COTY)?
Coty Inc. (NYSE:COTY) is a prominent company in the beauty industry, offering a wide range of products including fragrance, body care, color cosmetics, and skincare. The business has license deals with designer labels including Burberry and Gucci. Coty’s consumer business comprises renowned mass-market brands such as CoverGirl and Rimmel. With a strategic presence in many locations, Coty is strengthening its market position by using its worldwide network and innovative product offerings. On May 6, the beauty business reported robust growth, beating Wall Street’s estimates for Q3 FY2024 net revenue and operating income. Coty stated that it expects to meet the high end of its annual objectives due to solid worldwide demand for both premium and mass-market products. The company’s shares increased by almost 3% in aftermarket trade.
Coty’s total net revenue for the third quarter increased 7.5% to $1.39 billion, above LSEG projections of $1.37 billion. This achievement was mainly propelled by a 13% increase in like-for-like sales in Coty’s prestige category, featuring brands like Gucci and Burberry, and an upsurge of 6% in the consumer beauty segment, which includes CoverGirl and Rimmel. Coty’s e-commerce revenue jumped by nearly 20% in the third quarter, primarily due to new launches such as Cosmic Kylie Jenner and Marc Jacobs Daisy. The business’s adjusted operating income surged by 17% to $143.9 million. Moreover, the company’s adjusted gross margin climbed by 190 basis points to 64.8% for the quarter as a result of lower manufacturing costs and higher pricing.
Despite these improvements, reported adjusted net income declined to $43.8 million from $168.1 million the previous year. The drop was entirely driven by mark-to-market gains from forward repurchase contracts in the previous quarter as opposed to mark-to-market losses in the current period, which were partially compensated by higher operating income in the current period. Nevertheless, it was a successful quarter overall.
The parent business of Marc Jacob Beauty has also seen a notable increase in annual revenue, rising by 9.95% YoY from 4.71% in the 2022-2023 period. This has strengthened the company’s standing in the market against rival cosmetic giant L’Oreal. Unlike Coty, its rival in Europe, L’Oreal, had noted difficulties in the luxury category during the same period. On the other hand, Coty also reported a gain in like-for-like sales in the first quarter due to high demand for mass market and dermatological products. It has been revealed in its recent quarter report that the beauty behemoth has significantly invested in new product releases and collaborations with influencers and e-retail partners to stimulate demand at a time when rising prices of basics compel people to reconsider luxury purchases.
Due to the pandemic, Coty’s sales declined by the start of 2020, from $12.02 in February 2020 to $2.90 by October 2020. During the pandemic, as working from home and staying in became the new standard, makeup sales suffered, as per JP Morgan. L’Oréal reported that the global beauty market had shrunk by 13-14% in the first half of the year, with sales of cosmetics, fragrances, professional beauty, and luxury beauty all down by about 25%. However, efforts were made by Coty in 2020 to combat the pandemic crisis. Its stock price dropped 70% during the pandemic, and the business attempted to win back investors, unlike Estee Lauder. The latter was able to raise prices throughout the pandemic. Its share price, therefore, doubled.
Post-pandemic, Coty has increased its sales year over year, although its stock price remains low ($9.77) compared to Estee Lauder as well as L’Oreal. Coty’s stock has declined by more than 19% over the year and 20% YTD as of June 19th, 2024, underperforming the S&P 500, which gained 15%.
Despite its remarkable expansion, Coty still has to contend with issues including shifting consumer preferences and intense competition. Nonetheless, the business is well-positioned to overcome these obstacles due to its strong portfolio and strategic activities. In light of its sustained success in the market and its operational effectiveness, Coty has lifted its FY24 projection to the upper end of its guidance range. It anticipates core sales to expand at the high end of its previously predicted range of 9% to 11% in fiscal 2024. Additionally, it expects annual adjusted per-share profit to be in the higher half of its previous range of 44 cents to 47 cents.
The Q3 FY2024 earnings report states:
“The global beauty market remains strong with demand for prestige fragrances continuing to grow at a double-digit percentage pace and above historical levels, while the mass beauty market is performing consistent with historical levels, growing at a mid-single-digit percentage. Coty continues to benefit from this attractive market dynamic with momentum across its core categories, strong launch results and early wins in key white spaces. The Company now expects FY24 LFL revenue growth to be at the high end of its prior guidance range of +9-11%, which includes expectations for low-to-mid single-digit percentage LFL revenue growth in Q4 reflecting an estimated mid-single digit percentage headwind in its Prestige business from difficult prior year comparisons, when retailers restocked inventory as Coty’s fragrance service levels recovered from earlier shortages. Reported revenues in Q4 are expected to include a 1-2% headwind from FX and an approximately 2% scope headwind from the divestiture of the Lacoste license. At the same time, the strong continued sell-out in Coty’s business supports expected LFL revenue growth acceleration sequentially into first half FY25 from the levels expected in Q4.”
Conclusion:
Coty Inc.’s Q3 FY24 results demonstrate not only that it can outperform the market but also that it has the strategic know-how to increase shareholder value and solidify its position in the global beauty industry. With its emphasis on innovation, growing its market, and improving operational effectiveness, Coty has the potential to see steady growth in the upcoming years. Six out of 11 Wall Street analysts with a consensus “Buy” recommendation have offered Coty’s 12-month price goals during the past three months. According to these experts, the beauty business has an upside potential of more than 38% based on its average price target of $13.55.
In Q1 FY 2024, 22 hedge funds reported holding shares in Coty Inc. (NYSE:COTY), up from 21 funds the previous quarter, indicating bullish sentiments among investors. John Hockin’s Sea Cliff Partners is the largest stakeholder in the company, with 2,434,296 shares worth $29.11 million.
While we acknowledge the potential of Coty as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an Al stock that is as promising as Coty but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
With that said, here are the 25 Most Expensive Men’s Perfumes in the World.
Methodology:
To pick out the 25 Most Expensive Men’s Perfumes in the World, we searched the internet for the best long-lasting perfumes under $500. To give you the finest result possible, the 25 Most Expensive Men’s Perfumes in the World are curated in ascending order based on the price of each fragrance.
The prices that we have mentioned are for particular spray bottles with varying capacities, mostly relying on Neiman Marcus, Nordstrom, and Saks for the data. We also verified the prices and quantities on the respective brands’ websites for which we could. Please note, however, that we can’t guarantee the accuracy of these prices, since they can vary from region to region.
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25. ROJA Diaghilev Parfum
Insider Monkey Score: 2
Price: $1,050 for 3.4 o.z
Among the most expensive perfume brands is Roja. Its perfume, Diaghilev has a deep combination of green chypre notes, heavy oakmoss, lime, bergamot, cumin, peach, amorphous florals, and vetiver.
24. Shalini Parfum Fleur Japonais Parfum in Byzantine Glass Flacon
Insider Monkey Score: 2
Price: $1,100 for 3.4 o.z
The blend of cherry blossoms, magnolia flowers, Frankincense, Labdanum, and Sandalwood is found in Shalini Parfum Fleur Japonais Parfum in Byzantine Glass Flacon, making it one of the most expensive perfumes for men and women in the world.
23. Maison Francis Kurkdjian Limited Edition Oud Satin Mood Eau de Parfum
Price: $1,250 for 6.8 o.z
Limited Edition Maison Francis Kurkdjian’s Oud Satin Mood Eau de Parfum is a unisex floral and woodsy scent. The 350-piece limited edition of OUD satin mood Eau de perfume is hand-engraved in a Parisian studio. The manufacturer stated that each bottle required eight hours of work.
22. CREED Aventus
Price: $1,260 for 16.5 o.z
For males, Creed’s Aventus is a chypre fruity scent. In 2010, Aventus was introduced. It was Erwin Creed and Jean-Christophe Hérault who created Aventus. Top notes include bergamot, black currant, apple, lemon, and pink pepper; middle notes include pineapple, patchouli, and Moroccan jasmine; while base notes include birch, musk, oak moss, ambroxan, and cedarwood.
21. Tom Ford Rose Prick Eau de Parfum
Price: $1,300 for 8.4 o.z
Launched in 2020, Tom Ford Rose Prick Eau de Parfum’s notes incorporate Roasted Tolu Balsam, Indonesian Patchouli, Bulgarian Rose, Turmeric Extract, and Sichuan pepper.
20. Tom Ford Myrrhe Mystère Eau de Parfum
Price: $1,350 for 8.5 oz
Tom Ford’s Myrrhe Mystère is an Amber Woody scent for both men and women. The perfume is included in the list of the most expensive fragrances due to its combination of myrrh essences and an Ultra-Vanille accord. In 2023, Myrrhe Mystère made its debut.
19. Reflections Copenhagen Grand Hamilton Perfume Flacon
Price: $1,608 per bottle
Andrea Larsson launched Reflections Copenhagen Grand Hamilton Perfume Flacon in 2014. Made of lead crystal, the scent is among the priciest for both men and women in the world.
18. Frederic Malle THE NIGHT by Dominique Ropion
Price: $1,950 for 100 ml
Frederic Malle THE NIGHT by Dominique Ropion is a unisex scent that contains 100% Indian natural oud with an equal proportion of Turkish rose, saffron, amber, and sandalwood.
17. SHALINI PARFUM Jardin Nocturne Parfum presented in a Lalique Crystal Flacon
Price: $2,000 for 1.7 o.z
Master perfumer Maurice Roucel created the earthy scent of Jardin Nocturne parfum, which is designed for both men and women. The company states that oud, which is regarded as one of the rarest and most opulent materials in perfumery, is combined with wood, white jasmine blossoms, and, saffron. Each hand-poured bottle of the parfum comes with a card that Shalini personally signs.
16. Ensar Oud Lion Lust (Leather Edition)
Price: $2,665 for 50 ml
The top notes of Ensar Oud Lion Lust (Leather Edition) include Vanilla, Honey, Clove, Carob, Raspberry, and Blackcurrant, while the heart notes include Honeysuckle, Juniper Berry, Jasmine Juhi, and Rose Otto. The base notes are completed with Meghalaya 1977, Mélange Royale, Tolu Balsam, Vanilla, Jambu, Myrrh, and Civet, as well as Nepalese Spikenard Sandalwood. Premium components like old Meghalaya oud and Mélange Royale, combined with essences like civet, castoreum, and Kashmiri musk, make Lion Lust by Ensar Oud one of the most costly perfumes for men in the world.
15. SHALINI PARFUM Shalini Parfum Presented In A Lalique Crystal Flacon
Price: $3,000 for 65 ml
Bulgarian Rose, Saffron flowers, Baltic Amber, and Mahogany wood make up the composition of the perfume. The company claims that the Damask Rose used in the scent is the most fragrant rose. It is a rose perfume with a hint of smoke. Each bottle is hand-poured and comes with a card personally signed by Shalini. Made in France by Shalini, it is a pure perfume.
14. HENRY JACQUES Oudh Imperial Pure Perfume
Price: $3,047 for 30 ml
Oudh Imperial by Henry Jacques is a pure perfume with a woody scent, making it one of the most expensive fragrances. It contains ingredients such as vanilla, amber, leather, patchouli, geranium, and agarwood (oud).
13. Roja Parfums Roja Haute Luxe
Price: $3,500 for 3.4 oz
Bergamot is the primary note in Roja Haute Luxe by Roja Dove, a Chypre Floral scent for both men and women. The secondary notes include Ylang-Ylang, Jasmine, and Rose de Mai. Benzoin, oakmoss, cloves, cinnamon, vanilla, labdanum, patchouli, ginger, cloves, patchouli, vetiver, and cedar comprise the base notes.
12. Bond No.9 New York Bond No. 9 Chandelier Perfume Fountain
Price: $4,000 for 42.0 o.z
Bond No. 9 New York Bond No. 9 Chandelier Perfume Fountain is a floral, woodsy, earthy, warm, and spicy fragrance with notes of oud extract, rose, tonka beans, and musk. It is one of the most expensive perfumes since the bottle has been coated with emeralds.
11. Ensar Oud Private Ghalia: Maluku Pure Parfum
Price: $4,700 for 50 ml
Ensar Oud’s Private Ghalia combines Maluku oud, vintage Mongolian musk, rose, Irian oud, jasmine, and black tea with blackberries. Made with rare ingredients, such as Maluku agarwood gathered 27 years ago, it is one of the most expensive perfumes for men.
10. LALIQUE FOR BENTLEY Lalique For Bentley Crystal Flacon Eau de Parfum
Price: $4,800.00 for 1.35 o.z
Lalique for Bentley Crystal Edition, a 2013 limited edition crystal collectible bottle, is a leather fragrance for men from Bentley. With notes of orris and white cedar extract at the top, patchouli and papyrus in the middle, and leather, amber, and musk in the base, the perfume is among the most expensive fragrances for men.
9. LALIQUE FOR BENTLEY BLUE CRYSTAL EDITION EAU DE PARFUM
Price: $6,200 for 40 ml
Launched in 2016, Lalique For Bentley Blue Crystal Edition by Bentley is a leather fragrance for men that is handcrafted in France. Patchouli and Papyrus, Musk, Amber, and Leather counterbalance the dominant notes of Orris and White Cedar Extract. The perfume, which has a blue crystal case, is the result of a partnership between famous French crystal producer Lalique and luxury car maker Bentley Motors.
8. THAMEEN Palace Amber Extrait d’Huile de Parfum
Price: $6,703 for 30 ml
A Woody Amber scent for both men and women, Palace Amber, is produced by Thameen in 2021. The perfume oil combines elements of vanilla, sandalwood, patchouli, and amber to create a woody finish. It also comes with a lacquered box and is contained in a crystal bottle.
7. Dior SAUVAGE BY THE HOUSE OF BACCARAT Numbered Edition – Sauvage Elixir
Price: $8,200 for 500 ml
It is a fragrance elixir in a crystal bottle with a solid oak case with Spicy, Fresh, and Woody notes. It has a combination of woods and lavender scent. According to Dior, the Sauvage name is inscribed on the perfume bottle in palladium, which is more valuable than gold.
6. Pleine Lune sur le Nil by Parfums De Burmann
Price: $30,000 per bottle
Pleine Lune Sur le Nil bottle from 1934 is one of the priciest fragrances for males in the world. The perfume is presented in a black glass container with a gold-painted metal pyramid cover and enameled hieroglyphics.
5. 1 Million Luxe Edition by Paco Rabanne
Insider Monkey Score: 10
Price: $57,000 for 3.4 o.z
Paco Rabanne’s 1 Million Luxe Edition is one of the most expensive perfumes for men, with notes of blood orange, grapefruit, cinnamon, mint, rose, and leather. It has a diamond crown and is housed in a golden bottle.