"From a €500 million business today, I think we can take it to €1 billion in the next foreseeable future. So very excited about India," Nicolas Hieronimus, chief executive officer at L'Oréal told investors. "I don't think India will never ever look like China, but it's still a very promising market for us. We have high ambitions. Middle classes are rising in a major way. It's still not as developed as we would like in terms of distribution, but it's really accelerating and our shares are growing."