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L'Oréal Targets €1 Billion India Revenue, Eyes Top 10 Global Market Status by 2030
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Storyboard•02-10-2026, 10:05
L'Oréal Targets €1 Billion India Revenue, Eyes Top 10 Global Market Status by 2030
- •L'Oréal expects India to become a top 10 global market before 2030, targeting over €1 billion in revenue, according to CEO Nicolas Hieronimus.
- •India is a key growth engine for L'Oréal, with its business growing at 18%, outpacing the overall domestic beauty market's 10% growth.
- •Growth is driven by mass-market beauty, professional salon products, luxury segments, and active cosmetics brands like CeraVe and La Roche-Posay, with e-commerce accounting for 30% of sales.
- •L'Oréal recently acquired a majority stake in Innovist, an Indian D2C beauty platform, marking its first acquisition of a homegrown Indian digital-first brand.
- •India is also a hub for product innovation, technology, and manufacturing for L'Oréal, with its Hyderabad tech center expanding to over 2,000 employees and developing globally patented technologies like Melasyl.
Key Questions Answered
L'Oréal expects its India business to achieve more than €1 billion in revenue and enter the company's top 10 global markets before 2030.
L'Oréal agreed to acquire a majority stake in Innovist, the Indian beauty platform behind direct-to-consumer brands like Bare Anatomy and Chemist at Play.
India manufactures roughly 95% of the products it sells locally across two domestic factories, exports about 20% of its volume, and acts as a hub for innovations like the patented anti-dark-spot molecule Melasyl.
