Core Insights - L'Oréal is establishing one of its largest global capability centres in Hyderabad to support global technology, innovation, and research [1][2] - The initiative was discussed during a visit by L'Oréal's global board in October 2025, led by CEO Nicolas Hieronimus [2] - L'Oréal India's growth has slowed to 5% in fiscal year 2025, down from 14% the previous year, due to increased competition [3] Company Developments - The new centre in Hyderabad will be separate from existing research facilities in Mumbai and Bengaluru [1] - L'Oréal is currently seeking senior management for the Hyderabad project, including candidates from its Paris headquarters [1] - Jacques Lebel was appointed as India country manager in July 2025, succeeding Aseem Kaushik [3] Market Position - India contributes just over 1% of L'Oréal's annual sales, which exceed Rs41 billion ($462 million), making it the 15th-largest market for the company [4] - L'Oréal aims to elevate India into its top ten markets, projecting annual revenue of Rs1 billion in the coming years [4] - The company holds an 8% share of India's face-care market [3] Strategic Acquisitions - In October 2025, L'Oréal acquired Kering's beauty business for €4 billion ($4.65 billion), which includes the House of Creed and beauty licenses for Kering's luxury brands [4][5] - The acquisition grants L'Oréal a 50-year exclusive license to create and distribute fragrance and beauty products for Gucci after the current agreement with Coty ends [5]