L’Oréal says growth in the India beauty market has accelerated, driven by haircare and skincare, as the French cosmetics company increases its focus on quick commerce.

Key Takeaways

  • L’Oréal’s consumer products division recorded double-digit growth in India in the September 2026 quarter.
  • The company has closed its acquisition of a majority stake in Indian personal care business Innovist.

India beauty market growth and online focus

Discussing third-quarter 2026 results, CEO Nicolas Hieronimus described a “great turnaround” in India. He said L’Oréal was creating more products for the market and accelerating its commerce efforts, particularly in quick commerce.

The company also said emerging markets, including India, Brazil and the Gulf Cooperation Council countries, delivered strong growth for its professional products division.

Innovist deal and skincare expansion

L’Oréal said it had closed the majority stake acquisition in Innovist, which it announced in June 2026. Innovist’s brands include Bare Anatomy and Chemist at Play. L’Oréal said the deal would support the acceleration of its India business.

Hieronimus said skincare brand CeraVe was growing quickly and expanding into new Indian cities. L’Oréal has also launched La Roche-Posay in India.

Separately, L’Oréal’s corporate venture fund BOLD and beauty retailer Nykaa recently announced a partnership to take minority stakes in high-growth Indian beauty, personal care and wellness brands.

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