India powers robust growth of Unilever, L’Oréal in online channels

Multinational consumer goods companies Unilever and LOréal are witnessing strong growth on e-commerce platforms in many markets, with India emerging as astandout performer.

- PRESS TRUST OF INDIA

Unilever and LOréal, in their earnings calls for the September quarter, reported a doubling of their sales, helped by hyperlocal delivery platforms that are growing rapidly in the country.

French beauty major L’Oréal’s CEO Nicolas Hieronimus, whowas in India earlier this month, said quick-commerce or traditional e-commerce platforms in the country are a game changer, helping to penetrate much faster with new products orcontinuing to animate existingbrand.”