L'Oreal to more than double India business: CEO Nicolas Hieronimus

L'Oreal CEO Nicolas Hieronimus Monday said his company plans to more-than-double its business in India over the next few years besides expanding its factories as the country was a key strategic market.

"India is a very strategic market for L'Oreal. We intend to more-than-double our business in the next couple of years, expand our factories which are today manufacturing 95% of what we sell in India and also exporting to rest of the region," he said.