Yes, it loses the abilities which stare feats enhance, whether that's hypnotic stare or bold stare.
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Another question, would hypnotic aroma affect my allies?
As a swift action, an aromaphile can use unique aspects of ghoran biology to release intoxicating aromas in a 10-foot-radius burst centered on him. All creatures within this area, as well as creatures with scent within 30 feet, take a –2 penalty on Will saving throws. This penalty becomes –3 at 8th level. The aroma hovers around the aromaphile, moving with him, and lasts for 1 minute. The hypnotic aroma must be inhaled to be effective, and creatures that choose to hold their breath, do not breathe, or are immune to inhaled poisons are immune to its effect.
All creatures within this area, yes. Your allies probably know to hold their breath when you're doing it; enemies may figure it out from that unfortunately.