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Mamaearth-parent elevates Karan Bajwa and Avinash Dhagat to CXO roles

EntrackrEntrackr · 2m ago
Mamaearth-parent elevates Karan Bajwa and Avinash Dhagat to CXO roles
Medial

Honasa Consumer Limited, the parent company of personal care brand Mamaearth, has announced the elevation of two of its senior executives to top leadership positions, effective April 24. Karan Bajwa, who has been serving as Senior Vice President – Human Resources, has been promoted to Chief Human Resources Officer (CHRO). Meanwhile, Avinash Dhagat, formerly Senior Vice President – Supply Chain, has been elevated to Chief Supply Chain Officer (CSCO). With these promotions, both Bajwa and Dhagat are now designated as senior management personnel of the company. Bajwa joined Honasa in April 2021 and brings experience from leading companies such as Airtel and Reckitt. Dhagat, also with Honasa since April 2021, has previously held key roles at L’Oréal, Supermax, and Ashok Leyland. The development comes soon after the resignation of Anuja Mishra as Chief Marketing Officer (CMO) of Honasa. According to the circular filed by Honasa earlier this month, Varun Alagh, CEO and whole time director of the company, will be the interim charge of CMO. In Q3 FY25, Mamaearth returned to profitability with Rs 26 crore profit after tax and 5.9% YoY increase in its revenue to Rs 517 crore from Rs 488 crore in Q3 FY24.

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Honasa appoints Flipkart’s Yatish Bhargava as CBO

EntrackrEntrackr · 29d ago
Honasa appoints Flipkart’s Yatish Bhargava as CBO
Medial

Honasa appoints Flipkart’s Yatish Bhargava as CBO Honasa Consumer Limited, the parent company of Mamaearth, has appointed Yatish Bhargava as Chief Business Officer with immediate effect. The post had been vacant since February 28, following the resignation of Zairus Master, who left the Gurugram-based firm citing personal reasons. Bhargava will also be designated as a Senior Management Personnel, the company informed in a stock exchange filing. Bhargava brings over 17 years of experience in P&L management and leading large-scale teams across general trade, modern trade, and e-commerce. Prior to joining Honasa, he held senior leadership roles at Flipkart and Hindustan Unilever Limited. Recently, Honasa elevated Karan Bajwa, who had been serving as Senior Vice President of Human Resources, to Chief Human Resources Officer (CHRO), and Avinash Dhagat, formerly Senior Vice President of Supply Chain, to Chief Supply Chain Officer (CSCO).

Mamaearth-parent Honasa posts Rs 533 Cr revenue in Q4 FY25; Profit falls 17%

EntrackrEntrackr · 1m ago
Mamaearth-parent Honasa posts Rs 533 Cr revenue in Q4 FY25; Profit falls 17%
Medial

Honasa Consumer Limited, the parent company of Mamaearth, has reported a 13% growth in scale, while its year-on-year (YoY) profits decreased by 17% during the same period. Honasa Consumer Limited, based in Gurugram, announced its financial results for the fourth quarter of the last fiscal year (Q4 FY25). The company reported a 13% growth in scale, while YoY profits decreased by 17%. Mamaearth’s Q4 FY25 revenue from operations increased 13% YoY to Rs 533 crore from Rs 471 crore in Q4 FY24. For the full fiscal year (FY25), operating revenue increased 8% to Rs 2,067 crore from Rs 1,920 crore in FY24. The company also added Rs 20 crore from non-operating activities, tallying its overall revenue to Rs 554 crore for Q4 FY25. For FY25, total income was Rs 2,146 crore. The cost of procurement accounted for 30% of the overall expenditure, increasing 11% YoY to Rs 156 crore in Q4 FY25 from Rs 141 crore in Q4 FY24. Spending on employee benefits, marketing, legal, rent, and other overheads led to a 16% YoY rise in total expenditure to Rs 522 crore in Q4 FY25 from Rs 451 crore in Q4 FY24. Total expenses for FY25 were Rs 2,056 crore. The company reported a profit after tax of Rs 25 crore in Q4 FY25, a 17% decrease from Rs 30 crore in Q4 FY24. Profit for FY25 decreased to Rs 73 crore compared to Rs 110 crore in FY24. Recently, the company elevated Karan Bajwa and Avinash Dhagat to CXO roles, following Anuja Mishra's (CMO) resignation. Mamaearth parent’s shares closed at Rs 275, with a marketing capitalization of Rs 8,944 crore ($1.04 billion).

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