Latest news with #L'OrealSA
Time of India
3 days ago
- Business
- Time of India
L'Oreal: L'Oreal Aims to Double Its Business in India's Booming Beauty Market, ET Manufacturing
Highlights L'Oreal plans to more than double its business in India over the next couple of years, viewing it as a key strategic market and one of the world's fastest-growing beauty markets. The company intends to expand its factories in India, which currently manufacture 95 percent of its products sold domestically and serve as a base for exports to the Gulf region. L'Oreal India, a subsidiary of the French multinational L'Oreal SA, has been operating in India since 1994 and offers a diverse portfolio of brands including L'Oreal Paris, Garnier, and Maybelline New York. Advt Cosmetics major L'Oreal on Monday said it plans to more than double its business in India over the next couple of years besides expanding its factories. L'Oreal CEO Nicolas Hieronimus also said India is a key strategic market for them and it is one of the world's fastest-growing beauty markets."India is a very strategic market for L'Oreal. We intend to more than double our business in the next couple of years , expand our factories which are today manufacturing 95 per cent of what we sell in India and also exporting to rest of the region."So it is a country of opportunities and one of the fastest beauty markets in the world and is a big priority for L'Oreal," he told reporters met Commerce and Industry Minister Piyush Goyal, who is here on an official visit to hold meetings with French leadership and firms to boost trade and investment between the two countries."We are exporting hair and skin products, particularly to the Gulf region, it is a beginning of a big are manufacturing half a billion units in India but we intend to increase that in the years to come," Hieronimus added.L'Oreal India is a subsidiary of French multinational L'Oreal SA, which owns a 99.99 per cent stake in the company.L'Oreal India has been operating in India since 1994. It now has a portfolio of brands here including L'Oreal Paris, Garnier, Maybelline New York, NYX Professional Makeup -- which are available in mass market hair and beauty salons it has brands L'Oreal Professionnel, Matrix, Kerastase, Cheryl's Cosmeceuticals, Redken and in selective distribution Kiehl's, Lancome, Yves Saint Laurent. It is also present in pharmacy and chemist channels through also met Luca de Meo, CEO of Renault Group."Exchanged views on India's growing potential as an automobile manufacturing hub, along with emerging opportunities in the EV sector," Goyal said in a post on X.
Time of India
3 days ago
- Business
- Time of India
L'Oreal to more than double India business in next few years, says global CEO
HighlightsL'Oreal plans to more than double its business in India over the next couple of years, viewing it as a key strategic market and one of the world's fastest-growing beauty markets. The company intends to expand its factories in India, which currently manufacture 95 percent of its products sold domestically and serve as a base for exports to the Gulf region. L'Oreal India, a subsidiary of the French multinational L'Oreal SA, has been operating in India since 1994 and offers a diverse portfolio of brands including L'Oreal Paris, Garnier, and Maybelline New York. Cosmetics major L'Oreal on Monday said it plans to more than double its business in India over the next couple of years besides expanding its factories. L'Oreal CEO Nicolas Hieronimus also said India is a key strategic market for them and it is one of the world's fastest-growing beauty markets. "India is a very strategic market for L'Oreal. We intend to more than double our business in the next couple of years , expand our factories which are today manufacturing 95 per cent of what we sell in India and also exporting to rest of the region. "So it is a country of opportunities and one of the fastest beauty markets in the world and is a big priority for L'Oreal," he told reporters here. He met Commerce and Industry Minister Piyush Goyal, who is here on an official visit to hold meetings with French leadership and firms to boost trade and investment between the two countries. "We are exporting hair and skin products, particularly to the Gulf region, it is a beginning of a big are manufacturing half a billion units in India but we intend to increase that in the years to come," Hieronimus added. L'Oreal India is a subsidiary of French multinational L'Oreal SA, which owns a 99.99 per cent stake in the company. L'Oreal India has been operating in India since 1994. It now has a portfolio of brands here including L'Oreal Paris, Garnier, Maybelline New York, NYX Professional Makeup -- which are available in mass market channels. In hair and beauty salons it has brands L'Oreal Professionnel, Matrix, Kerastase, Cheryl's Cosmeceuticals, Redken and in selective distribution Kiehl's, Lancome, Yves Saint Laurent. It is also present in pharmacy and chemist channels through CeraVe. Goyal also met Luca de Meo, CEO of Renault Group. "Exchanged views on India's growing potential as an automobile manufacturing hub, along with emerging opportunities in the EV sector," Goyal said in a post on X.
Bloomberg
13-05-2025
- Business
- Bloomberg
L'Oreal Gets Ready For Its US Blue-Chip Bond Market Debut
L'Oreal SA is preparing to sell investment-grade notes on Tuesday, in what would be the makeup company's first time borrowing in the US corporate bond market. The cosmetics giant is looking to sell a benchmark-sized, 10-year deal, according to a person familiar with the matter. Initial pricing discussions for the fixed-rate notes are in the 0.9 percentage point area above Treasuries, the person said, asking not to be identified discussing private details. The company has issued euro-denominated debt before, having last come to market in October with a €1.25 billion two-part deal.
Bloomberg
10-03-2025
- Health
- Bloomberg
L'Oreal Recalls Acne Treatment in US on Cancer-Linked Benzene
L'Oreal SA is recalling all lots of its acne treatment Effaclar Duo because of concern that the creams and cleansers are contaminated with a known carcinogen called benzene. L'Oreal's Effaclar Duo, sold under the French company's La Roche-Posay brand, is made with benzoyl peroxide, which kills bacteria to help treat acne. Valisure, an independent lab in Connecticut, flagged benzene contamination a year ago in many popular benzoyl peroxide products and asked the US Food and Drug Administration at the time to recall the contaminated treatments.
Yahoo
10-02-2025
- Business
- Yahoo
L'Oreal SA (LRLCF) (FY 2024) Earnings Call Highlights: Record Growth and Strategic Innovations
Revenue: Consolidated sales increased by 5.6%, reaching EUR43.5 billion. Like-for-Like Growth: 5.1% growth, marking market outperformance. Gross Margin: Reached a record high of 74.2%, up 30 basis points from last year. Operating Profit Margin: Increased 20 basis points to 20%. Operating Net Cash Flow: EUR6.6 billion, up close to 9%. Professional Products Growth: 5.3% like-for-like growth. Consumer Products Growth: 5.4% like-for-like growth. L'Oreal Luxe Growth: 2.7% like-for-like and 4.5% reported growth. Dermatological Beauty Growth: 9.8% increase in sales, reaching EUR7 billion. Regional Performance - Europe: Advanced by 8.2%. Regional Performance - North America: Growth of 5.5%. Regional Performance - Emerging Markets: 11.7% growth. Regional Performance - North Asia: Sales declined by 3.2% like-for-like. Fragrances Growth: 14.1%, the most dynamic category. Haircare Growth: 12.7%, driven by premiumization. Net Profit (Excluding Nonrecurring Items): EUR6.8 billion. Diluted Earnings Per Share: EUR12.66, up by 5%. Dividend Proposal: Increase of 6.1% to EUR7 per share. Warning! GuruFocus has detected 8 Warning Signs with SBSNF. Release Date: February 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. L'Oreal SA (LRLCF) achieved a record year in 2024 with like-for-like growth of 5.1%, outperforming the market. The company's gross margin reached an all-time high of 74.2%, and the operating profit margin increased to 20% for the first time. L'Oreal SA (LRLCF) reported a strong cash flow with operating net cash flow at EUR6.6 billion, up nearly 9%, indicating a cash conversion of over 100%. The Dermatological Beauty Division reported a 9.8% increase in sales, reaching EUR7 billion for the first time, with a profit margin of 26.1%. The Professional Products Division grew by 5.3%, driven by premium haircare and a successful omnichannel strategy, achieving a market share of 26%. Sales in North Asia declined by 3.2% on a like-for-like basis, primarily due to weakness in Mainland China and Travel Retail. The Chinese beauty market continued to decelerate, with total market growth deteriorating from minus 2% in the first half to minus 4% for the full year. The Travel Retail business in Asia faced challenges, with sales in Hainan and Korea down 35% from 2022 levels. CeraVe experienced a slowdown in the US, partly due to the law of big numbers, despite being the second biggest brand in the US. The Consumer Products Division's growth of 5.4% was slightly below the market, impacted by a slower market in China and a soft makeup market in the US. Q: What are the key drivers for maintaining growth in the fragrance category in 2025, and can you provide more details on BETiq's progress? A: Fragrances have been dynamic due to increased penetration and valorization. Penetration rates are lower in regions like China and the US compared to Europe, indicating growth potential. Valorization is driven by consumer preference for more selective fragrances. L'Oreal's strong brand portfolio and dedicated R&I in fragrances support continued success. Regarding BETiq, it has been rolled out to six countries, covering 45% of consumer-facing A&P, with plans to expand to eight countries in 2025. BETiq has improved productivity by 10-15%, and while A&P weight may lower, investments will continue for new brands and markets. Q: How do you see market growth in 2025, particularly in China and the US, and what are the sell-in and sell-out dynamics? A: L'Oreal expects 4% to 4.5% market growth in 2025, driven by dynamic emerging markets and steady Europe. The US is seen as a land of opportunity with potential for premium goods consumption. China remains uncertain, with a flattish market expected. In the US, sell-out remained dynamic, especially in Luxe and Consumer Products divisions, with strong performances in fragrances and haircare. The US market is robust despite a soft makeup market, and L'Oreal is optimistic about future opportunities. Q: Is the increased innovation pipeline in 2025 a new pace for L'Oreal, and how do you plan to adapt to changes in the Chinese market? A: L'Oreal aims to seduce consumers with more innovative products, increasing the innovation pipeline by 200 basis points compared to last year. This is a concerted effort to compete in a market with more indie brands. In China, the focus is on providing innovative products that justify their price, as the market is more value-focused. L'Oreal plans to strengthen its innovation team in China to better compete and win market share. Q: How is pricing in Europe shaping up for 2025, and what is the outlook for market growth and L'Oreal's performance? A: Pricing in Europe will see minimal straight pricing increases, but value creation will continue through innovation and mix. L'Oreal expects to outperform the market on a full-year basis, with a progressive acceleration in growth throughout the year. The company remains committed to delivering modest margin expansion while investing in brand growth and new opportunities. Q: Can you provide more details on L'Oreal's exposure to the travel retail channel and the rationale behind taking minority stakes in some brands? A: L'Oreal's exposure to travel retail has decreased, with Hainan now less than 1% of sales. The company expects a progressive recovery in travel retail, particularly in the West. Regarding minority stakes, L'Oreal takes stakes in promising brands to learn and discover potential stars. This strategy allows L'Oreal to spread risks and potentially acquire successful brands in the future. The stake in Galderma is to understand the aesthetics market and explore scientific partnerships. For the complete transcript of the earnings call, please refer to the full earnings call transcript. 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