In the second quarter of 2026, Danone's revenue came to €7.215bn, up 4.2% on a like-for-like basis. For the full first half, revenue reached €13.936bn, up 3.5% on a like-for-like basis and up 1.4% on a reported basis.

Recurring operating income totaled €1.854bn in the first half, up 2.3%. Recurring operating margin stood at 13.3%, an improvement of 12 basis points. Recurring net income per share after dilution came to €1.92, versus €1.91 a year earlier.

Danone reaffirmed its annual targets: like-for-like revenue growth of 3% to 5% and recurring operating income growth higher than revenue growth.