Honasa Consumer Limited Leadership Promotions
Honasa Consumer Limited, the parent company behind personal care brand Mamaearth, has made significant strides in its leadership team with the promotion of two senior executives, effective April 24. Karan Bajwa has transitioned from Senior Vice President – Human Resources to the role of Chief Human Resources Officer (CHRO). At the same time, Avinash Dhagat has been elevated from Senior Vice President – Supply Chain to Chief Supply Chain Officer (CSCO).
With these advancements, both Bajwa and Dhagat have now acquired status as senior management personnel within the company.
Bajwa joined Honasa in April 2021, bringing with him a wealth of experience from notable firms like Airtel and Reckitt. Similarly, Dhagat, who has also been part of Honasa since April 2021, has held several prominent positions at L’Oréal, Supermax, and Ashok Leyland.
This leadership change follows the recent resignation of Anuja Mishra from her role as Chief Marketing Officer (CMO) at Honasa. As indicated in a circular issued by Honasa earlier this month, Varun Alagh, the CEO and whole-time director, will temporarily take on the duties of CMO.
In Q3 FY25, Mamaearth marked its return to profitability, reporting a profit after tax of Rs 26 crore alongside a 5.9% year-on-year revenue growth, rising to Rs 517 crore compared to Rs 488 crore in Q3 FY24.
Currently, as of 1:30 PM, Honasa Consumer Limited is trading at Rs 238 per share, boasting a total market capitalisation of Rs 7,758 crore, which is approximately $900 million.
