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L Oreal India FY23 net profit up 17 per cent at Rs 488 crore

L Oreal India FY23 net profit up 17 per cent at Rs 488 crore
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L Oreal Found Guilty Of Profiteering Rs 186 Crore

The National Anti-Profiteering Authority has found L'Oreal India guilty of not passing on GST rate cut benefit worth over Rs 186.39 crore to customers

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L Oreal found guilty of profiteering Rs 186 cr, claims NAA

DGAP investigation happened between November 15, 2017 to December 31, 2018, the NAA said, asking it to conduct further investigation to ascertain whether the benefits were passed on after December 2018 and file a report with NAA.

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