Unilever, L'Oréal ride e-commerce wave

Multinational consumer goods companies Unilever and L’Oréal are witnessing strong growth on e-commerce platforms in many markets, with India emerging as a standout performer.

- PTI

Unilever and L'Oréal attributed a doubling of their sales to the rapid rise of hyper-local delivery services in India.

Unilever and L’Oréal, in their earnings calls for the September quarter, reported a doubling of their sales, helped by hyper-local delivery platforms that are growing rapidly in the country.

French beauty major LOréal’s chief executive officer (CEO) Nicolas Hieronimus, who was 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 or continuing to animate existing brands.