Not satisfied with growth in India, revised plan in place: L'Oreal CEO
French cosmetics major L'Oreal is "not satisfied" with its performance in the Indian market, where it has not gained any market share in 2025 despite recording high single-digit growth, said its global CEO Nicolas Hieronimus.
India, which currently contributes roughly one per cent of L'Oreal's turnover, is very small and needs a lot of effort, both financial and human, to change gears in India, Hieronimus said while responding to a query on the fourth-quarter earnings call last week.
"India, though, is not meeting expectations, and we have a new setup there starting this year," said Hieronimus in his opening remarks.
Hieronimus said he is "optimistic, ambitious" that the company will start doing better in 2026.
L'Oreal, which last year appointed a new team, with Jacques Lebel as its India country manager, expects a growth revival in India, where beauty products are witnessing faster growth, riding on tailwinds as a growing economy, rising disposable income, and an expanding number