×
117
Fashion Jobs
L'OREAL GROUP
Area Sales Manager - Consumer Products Division, Mumbai
Permanent · Mumbai
NIKE
sr. HR Operations Specialist
Permanent · Bengaluru
L'OREAL GROUP
Senior Manager - Digital Marketing & D2C, Kerastase
Permanent · Mumbai
NIKE
Lead Product Management – ed&a, Icc, India
Permanent · Bengaluru
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
PUMA
Senior Manager - Golf Sales (Cpg-Cobra Puma Golf)
Permanent · Bengaluru
PUMA
Manager - Accounts Payable
Permanent · Bengaluru
PUMA
Senior Manager – Teamsport Sales
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
PUMA
Manager – Warehouse Operations (Ecommerce)
Permanent · Gurugram
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
PUMA
Assistant Business Manager – Puma.Com
Permanent · Bengaluru
NIKE
Senior Software Engineer Iii – Retail Commerce Passplay, India - Consumer & Marketplace Icc
Permanent · Bengaluru
L'OREAL GROUP
Indirect Sourcing Manager
Permanent · Baddi
NIKE
Sap bi Lead Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
NIYOSSHIC LUXURY CONSULTANCY
Social Media Intern
Internship · MUMBAI
SAAHRA
Graphic Design Summer Internships
Internship · NEW DELHI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
By
Reuters API
Published
Nov 2, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Luxury cosmetics help sales pick-up at L'Oréal

By
Reuters API
Published
Nov 2, 2017

L'Oréal , the world's biggest cosmetics company, on Thursday posted slightly higher-than-expected sales in the third quarter as luxury brands such as Lancôme and a surge in demand in China drove growth.


Reuters

Like-for-like sales, which strip out currency swings and acquisitions or disposals, rose 5.1 percent from a year earlier between July and September – a pick-up from the previous quarter and more than forecast by analysts.

Sales in L'Oréal's luxury division, which also includes Kiehl's and Yves Saint Laurent beauty products, rose by 11.2 percent on a comparable basis, after expanding by 8.9 percent three months earlier.

Revenue growth in Asia Pacific also accelerated from one quarter to the next, and the company said Chinese demand was particularly strong.

"These good performances strengthen our confidence in our ability to once again outperform the cosmetics market in 2017, and to achieve growth in both our sales and profits," Chairman and Chief Executive Jean-Paul Agon said in a statement.

However, in the consumer products unit – which includes Essie nail varnish, Maybelline make-up and Garnier shampoo and is the biggest contributor to revenue – comparable sales were a touch below forecasts.

They rose 2.3 percent, a small slowdown from the 2.4 percent pace notched up three months earlier. Agon said the U.S. and French markets were proving tough.

Fellow consumer goods firms have reported mixed results, with Unilever, maker of Dove soap, coming below expectations in the third quarter while Beiersdorf, owner of Nivea body milk, was more upbeat.

Cosmetics giant Estée Lauder , meanwhile, is also riding high on strong Asian and European sales.

L'Oréal's revenue came in at 6.1 billion euros (5.44 billion pounds) across the group in the three months to end-September, versus the 6.08 billion euros expected in a poll of analysts carried out by Inquiry Financial for Reuters.

© Thomson Reuters 2021 All rights reserved.