L'Oreal sees India biz gaining momentum; expands skincare, online presence
Reported by Business Standard, not nibnow. We are not the publisher of this story, only the source is.
L'Oreal reports strong double digit growth in its Indian consumer products division, indicating a successful turnaround driven by localized strategies and rising demand for skincare and haircare.
French cosmetics major L'Oreal sees its India business "doing a great turnaround", driven by improving team capabilities, increasing localisation, accelerating online commerce and rising demand for haircare and skincare products, said its global Chief Executive Officer Nicolas Hieronimus. India recorded a "double-digit growth" in the group's consumer products division business in the September quarter. Besides, its "emerging markets delivered spectacular growth, particularly in Brazil and India"
L'Oreal is a major multinational cosmetics company that operates across consumer products, luxury goods, and professional beauty markets globally.
- •Continued performance of online commerce channels in emerging markets.
- •Further developments in localization and product expansion within India.