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The Economic Times
The Economic Times
Business

L'Oreal bets on quick commerce, local products to accelerate India growth

LOreal India Nicolas Hieronimus Innovist

New Delhi: 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" in the professional products, according to the company's latest earnings update.

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