PARIS, Reuters L39;Oreal39;s stable of skincare and cosmetics labels, including L39;Oreal Paris, SkinCeuticals and CeraVe, will likely give a solid lift to the company39;s quarterly sales with purchases expected to have accelerated in China.

The French company reports third quarter results on Thursday, with overall sales seen up 11.5 from a year earlier on an organic basis, according to a consensus cited by Barclays, and sales in North Asia, mostly accounted for by mainland China, up 14.4.

But investors will be looking for any sign that Chinese shoppers are turning to less expensive or local products.

Investor nervousness around a China slowdown feels high, said Iain Simpson, an analyst with Barclays, noting that disappointing reports from LVMH and Estee Lauder had raised concerns about the outlook for L39;Oreal.

L39;Oreal, which in China sells brands ranging from Maybelline to local label Yuesai and highend Lancome, accounted for the biggest share of the country39;s 78.9 billion beauty and personal care market last year.

Its shares have outperformed rivals but are still down around 9 in the last six months, compared to a 45 drop for Estee Lauder

A postpandemic spending splurge is slowing in Europe and the United States, and an uneven recovery in China has dashed hopes for a strong rebound there.

Last week39;s third quarter sales from luxury bellwether LVMH, which showed perfumes and cosmetics sales growth slowing to 9 from 16 in the previous quarter, prompted…