L'Oreal's Revamped Strategy: Aiming for Growth in the Indian Market by 2026

In a candid assessment, L'Oreal's global CEO Nicolas Hieronimus expressed dissatisfaction with the company's performance in India, notwithstanding high single-digit growth. During a recent earnings call, Hieronimus revealed that India, contributing merely one per cent to L'Oreal's turnover, required a strategic overhaul and new organizational structures.

Despite its challenges, Hieronimus remains optimistic about the future, projecting an improvement by 2026. He highlighted the company's new strategy under India country manager Jacques Lebel, focusing on significant growth opportunities. Beauty product markets in India are fast-growing, fueled by economic expansion, rising income, and a youthful demographic.

L'Oreal is ramping up its presence in India's market with investments in talent, digital platforms, and AI solutions. The opening of a dedicated Beauty Tech center in Hyderabad exemplifies this push. With renowned brands and a strategic focus, L'Oreal eyes a robust growth trajectory in the competitive Indian beauty sector.