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L'Oréal Eyes India as Top 10 Market, Surpassing €1 Billion Sales by 2030
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CNBC TV18•01-10-2026, 18:13
L'Oréal Eyes India as Top 10 Market, Surpassing €1 Billion Sales by 2030
- •L'Oréal anticipates India will become one of its top 10 global markets before 2030, with domestic sales exceeding €1 billion, driven by its rapid growth as a critical engine for the company.
- •India is already L'Oréal's seventh-largest contributor to global growth, with its business expanding at 18% compared to the overall Indian market's 10% growth.
- •L'Oréal's growth in India is fueled by mass-market segments, professional salons, double-digit luxury expansion, and rapid uptake in active cosmetics, with e-commerce accounting for 30% of sales.
- •The company recently acquired a majority stake in Innovist (Bare Anatomy, Chemist at Play), marking its first acquisition of a homegrown Indian digital-first D2C platform to capture digital consumers.
- •India serves as a key innovation hub for L'Oréal, developing patented formulations like Melasyl for global markets, and producing 95% of its local sales domestically while exporting 20% of production.
Key Questions Answered
L'Oréal CEO Nicolas Hieronimus stated that India is expected to enter the company's top 10 global markets and surpass €1 billion in revenue before 2030.
L'Oréal signed an agreement to acquire a majority stake in Indian beauty company Innovist, the parent company of direct-to-consumer brands Bare Anatomy and Chemist at Play.
India serves as a key global innovation base where local laboratories developed patented formulations like the anti-dark-spot molecule Melasyl. Additionally, L'Oréal manufactures about 95% of its locally sold products domestically across two factories and exports roughly 20% of its volume.
