French cosmetic giant, L’Oreal, expects to achieve a turnover of Rs1,000 crore in India by the end of this year, with a major chunk of sales coming from its ‘Garnier’ mass market skincare brand. “This year, we expect to touch Rs1,000 crore. It has been a good year for us and India is one of the fastest growing markets for L’Oreal,” says Dinesh Dayal, Chief Operating Officer and Director (Luxury Division), L’Oreal India.
Although the company, which had a turnover of Rs800 crore last year, expects to touch the Rs1,000 crore mark with a contribution coming from L’Oreal India as a whole, including the professional brands, it is majorly relying on Garnier to churn out big numbers. “Garnier today is a big brand. Besides, we had introduced products under the brand, which are specific for Indians, like shampoos, deodorants and men’s fairness cream. These have driven growth this year. We are also looking at more India-specific products to drive expansion of our business in the country,” adds Dinesh Dayal.
Posted on: 17.11.2010