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India seen as ‘last bastion’ of growth for luxury cosmetics brands

CHENNAI, India: Multinational cosmetics companies from Japan’s Shiseido to France’s L’Oreal are stepping up investments in India, viewing the country as one of the last untapped growth markets for premium beauty products.

A report from Kearney and distributor LUXASIA projects India’s luxury beauty market will surge fivefold to US$4 billion by 2035, from $800 million in 2023, f