Unilever & L'Oréal report strong growth from India's quick commerce, traditional online channels

NEW DELHI: (Oct 26) 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.

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 L’Oréal’s 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 brand."