L'Oreal India growth accelerated in the third quarter of 2026, with the consumer products division recording a double-digit increase as the cosmetics company expanded its online and skincare businesses.

Key Takeaways

  • L'Oreal's consumer products division posted double-digit growth in India in the September quarter.
  • CEO Nicolas Hieronimus said the company is focusing on quick commerce and developing more products for Indian consumers.
  • L'Oreal has completed its acquisition of a majority stake in Indian personal care company Innovist.

L'Oreal India growth and regional results

Hieronimus described the India business as undergoing a strong turnaround, citing improved team capabilities, greater localization and demand for haircare and skincare. The company also reported strong growth in professional products in emerging markets, particularly India and Brazil.

The wider South Asia Pacific, Middle East, North Africa and Sub-Saharan Africa region recorded adjusted like-for-like growth of 19.2% in the third quarter. L'Oreal said India and Indonesia accelerated further, driven by haircare and skincare.

Skincare and quick commerce

Hieronimus said L'Oreal is creating more products for India and accelerating its commerce strategy, with an emphasis on quick commerce. He described the channel as an important part of the country's e-commerce market.

The company is expanding CeraVe into more Indian cities and has launched La Roche-Posay in India. L'Oreal expects the two skincare brands to complement each other, with La Roche-Posay positioned at a higher price point.

Local investments and global sales

The completed Innovist acquisition gives L'Oreal a majority stake in a digital-first Indian personal care business. Separately, its corporate venture fund BOLD has partnered with retailer Nykaa to take minority stakes in Indian beauty, personal care and wellness brands.

Globally, L'Oreal reported third-quarter sales of €11.56 billion, up 7.2% on a like-for-like basis. Sales for the first nine months of 2026 totaled €35.33 billion.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.