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Honasa Consumer's chief business officer resigns

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Chief business officer Yatish Bhargava resigned citing personal reasons, effective May 15, 2026

He joined less than a year ago, replacing Zairus Master who also quit for personal reasons

The company's Q3 profit jumped 93% year-on-year, but the leadership churn continues

Yatish Bhargava, chief business officer (CBO) of Honasa Consumer, resigned effective after market close on May 15, 2026.
The resignation was for personal circumstances, according to an exchange filing and his resignation letter.
Bhargava had joined as CBO in June 2025, less than a year before stepping down.
He replaced Zairus Master, who had resigned citing personal reasons in February 2025, leaving the post vacant until Bhargava's appointment.
A successor for the CBO role has not yet been named.
The company's shares closed 1.27% higher at ₹358.85 on the BSE on the day of the announcement.

The resignation continues a pattern of leadership churn in the CBO role, with two consecutive CBOs leaving within a short span.
Bhargava's tenure of under a year raises questions about stability in a key commercial role.
The company is in the middle of an offline distribution overhaul (Project Neev), and the departure could affect execution.
Despite the churn, the company's Q3 profit grew 93% year-on-year, suggesting business momentum remains strong.

Honasa Consumer is a digital-first house of brands in the beauty and personal care (BPC) sector in India.
Its flagship brand Mamaearth started as a babycare brand and expanded into beauty and skincare.
The company owns eight brands including Aqualogica, BBlunt, The Derma Co., Staze, Dr. Sheth's, Luminéve, and Reginald Men.
It sells through an omni-channel presence across 750+ districts in India.
Mamaearth claims to be Asia's first brand with Made Safe certified products.
The company recently launched Luminéve, a night-focused skincare brand, on Nykaa.
It recently appointed Karan Bajwa as CHRO and Avinash Dhagat as CSCO.

The company guided for Q4 FY26 revenue growth in the late twenties.
It expects Mamaearth to grow in the teens and newer brands to grow in the mid-twenties.
The company continues its offline distribution overhaul under Project Neev.