L’Oréal sales beat forecasts as haircare and mascara demand surges

L’Oréal has posted better-than-expected second-quarter sales as shoppers continued to spend on haircare and make-up, despite wider pressure on household budgets.
The company, which owns brands including Maybelline, CeraVe and L’Oréal Paris, recorded sales of €11.6bn during the three months to the end of June.
Comparable sales increased 6.3 per cent after adjustments relating to the introduction of a new IT system, ahead of analysts’ expectations of 5.7 per ce