L’Oréal targets India’s booming beauty market. Board to visit next week.

The first visit of the L’Oréal board of directors comes in the midst of the latest management changes in the Indian branch of the Maybelline lipstick manufacturer.

While India still continues to be a value -oriented market, Zuz And Zuz In order to benefit from the increasing demand for international brands, they launch beauty products in the country.

“The Board is coming to examine the market opportunity because the growth between new customers is in India,” a person who is aware of the developments in the company said..

The L’Oréal Board will visit Mumbai, which the company has the center of India, added this person and asked not to be defined.

In July, he elected French beauty company Jacques Lebel as the new country ruler of L’Oréal India and as the president of the General Manager ASEEM KAUSHİK. Both appointments entered into force on 1 October.

Global companies such as L’Oréal compete to get a greater share of consumer expenditures in developing markets such as India, which are expected to enter the market, especially online.

The internal beauty and cosmetic market has undergone a seismic change in the last decade, and made more shopping to buy platforms such as Nykaa and Amazon, from premium lip colors to Korean beauty serums.

In the 2024 Beauty Trends report, India’s beauty and personal care market is currently expected to rise from $ 21 billion to $ 34 billion in the 2024 Beauty Trends report.

Jean-Paul Agon is chaired by L’Oréal, chairmanship, serves as the General Manager of Nicolas Hieronimus and serves as the Vice President of Jean-Victor Meyers and Paul Bulcke. Meyers, the grandson of the late Liliane Bettencourt, is the representative of the Board of Directors of the Bettencourt Meyers family.

Bulcke recently resigned as the president of the Swiss Food and Beveves, who had 20.1% of L’Oréal. The L’Oréal Board also includes Sodexo CEO and President Sophie Bellon and Pernod Ricard’s CEO and President Alexandre Ricard.

L’Oréal refused to comment on the Visit of the Board of Directors of India.

Consumer spending

L’Oréal India’s income in 2024-25 increased by 5% LaNet profit increased by 23%, while 5.979 Crore LaThe business intelligence platform is 598 Crore according to financial data accessed by Tofler.

This growth came in the midst of a slowdown in the market of more fast -moving consumer goods, which saw that volumes of up to 12 months increased up to 12 months up to 12 months compared to Nielsen IQ. Volume growth in FY24 Zz%.

However, Satish Meena, the founder of Datum Intelligence, a consulting firm, said that more women are willing to spend their out -of -market revenues on beauty products.

“This is valid in both the mass and premium beauty,” he said, the beauty and personal care market has grown faster than the general packaged goods market, he added.

L’Oréal is competing with India’s largest FMCG company Hindustan Unilever Ltd, the largest FMCG company that sells brands such as Lakme, Simple, Glow & Lovely, Pond’s, Dove and Vaselin. Hul’s beauty and prosperity department reported income La13,073 Crore for FY25.

In an interview with MINT last year, ASEEM KAUSHİK, president of L’Oréal India, has planned to double the company’s business in 3-4 years to € 1 billion. “We are on the road for this,” he said, connecting most of the future growth to e-commerce.

L’Oréal CEO Nicolas Hieronimus, speaking at the New York Conference in Florida, the United States, Florida, can meet L’Oréal products by 2030 in developing markets, and half of them in India.

“(India) is definitely a market that is not ready for L’Oréal in terms of the distribution network, in terms of purchasing power, but now, it has matured and accelerated for us.”

Other international consumer companies are looking at India as a growth market between global uncertainties, such as the US Tariff War.

Last month, Ramon Laguarta, president and CEO of Pepsico, met with Prime Minister Narendra Modi in New Delhi to discuss the company’s long -term commitment to India. Ramon Laguarta was accompanied by the full board of directors in India.