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Key Points

Nicolas Hieronimus, CEO of L'Oreal, has announced plans to more than double the company's business in India over the next few years. After a meeting with Union Commerce Minister Piyush Goyal in Paris, Hieronimus emphasized India's strategic importance as a fast-growing beauty market and a regional hub. L'Oreal aims to increase its manufacturing capacity to keep up with local demand and expand its export footprint, particularly to the Gulf region. With India's burgeoning beauty market and robust manufacturing capabilities, L'Oreal views the country as a key priority in its global operations strategy.

Key Points: L'Oreal Eyes India for Business Doubling as Key Market

  • L'Oreal to double sales in India within years
  • CEO Hieronimus stresses India's market potential
  • Meeting with Piyush Goyal bolsters strategic plans
2 min read

L'Oreal to double its India business; company CEO says the country is strategic market, big priority

L'Oreal CEO Nicolas Hieronimus plans to double company sales in India, highlighting its strategic importance and growth potential.

"India is a country of opportunities, one of the fastest-growing beauty markets in the world. - Nicolas Hieronimus"

Paris, June 2

Nicolas Hieronimus, CEO of global beauty products company L'Oreal, has said they aim to more than double business in India over the next couple of years.

The L'Oreal CEO had a meeting with Union Commerce Minister Piyush Goyal in Paris today.

"...I am very pleased with the meeting I just had with Minister Goyal (Piyush Goyal). We shared our mutual ambition for India and India is a very strategic market for L'Oreal," the CEO said.

L'Oreal's leadership has identified India as a very strategic market with very strong growth potential.

Hieronimus said India is a country of opportunities, one of the fastest-growing beauty markets in the world.

"We intend to more than double our business in the next couple of years, expand our factories which are today manufacturing 95% of what we sell in India but also export into rest of the region. So, it is a country of opportunities, one of the fastest beauty markets in the world and a big priority for L'Oreal," he told the media.

India serves not only as a consumption market but also as a regional manufacturing hub for L'Oreal's operations.

"We are exporting hair and skin products, particularly to the Gulf region. So, it is just the beginning of a big adventure. We are manufacturing half a billion units in India, but we intend to increase that in the years to come."

The rapid growth trajectory of beauty product markets in India, coupled with the country's manufacturing capabilities and skilled workforce, makes the country an attractive destination for international companies looking to establish regional production bases while serving the domestic market.

"Discussed opportunities for L'Oreal to #MakeInIndia for the world," Goyal said in a post on X after the meeting.

- ANI

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Reader Comments

P
Priya K.
Great news for our economy! More global brands investing in India means more jobs and better products for consumers. Hope they'll also focus on developing products specifically for Indian skin types and weather conditions. 🇮🇳
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Rahul S.
While foreign investment is good, I hope L'Oreal doesn't just push their international products. India has amazing traditional beauty secrets - would love to see them collaborate with Ayurvedic experts for unique formulations.
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Ananya M.
As someone working in the beauty industry, this is exciting! L'Oreal's expansion will raise standards and bring more innovation. But I hope they maintain reasonable pricing - many premium brands become unaffordable for average Indians.
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Vikram J.
Make in India for the world - that's the spirit! � Our manufacturing capabilities are finally getting global recognition. Hope other FMCG giants follow L'Oreal's lead. Good move by our commerce minister to facilitate such partnerships.
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Sneha P.
I appreciate L'Oreal's commitment but wish they'd talk more about sustainability. Beauty industry creates so much plastic waste - hope they'll introduce eco-friendly packaging and recycling initiatives specifically for Indian market.
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Karan D.
This is why India is becoming the new China for global companies - huge market + manufacturing hub. But let's ensure we're not just providing cheap labor. We need technology transfer and R&D investments too. #AtmanirbharBharat

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