L'Oréal CEO notes Indian Gen Z favors clear skin over fairness, targeting $1B in annual sales.

Nicolas Hieronimus, L'Oréal's global CEO, notes a generational shift in India where younger consumers favor blemish-free skin over fairness. Despite fairness products still making up 25% of skincare sales, Gen Z is more sophisticated and influenced by global trends due to digitalization. L'Oréal targets $1 billion in annual revenue in India, driven by a growing affluent middle class, economic stability, and rising e-commerce.

November 25, 2024
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