Mamaearth parent Honasa Consumer appoints Yatish Bhargava as chief business officer
Omnichannel personal care retailer
Honasa Consumer
appointed
Yatish Bhargava
as chief business officer with effect from Tuesday. In his new role, Bhargava will spearhead
business operations
across brands and channels to scale growth across platforms.
The company, which owns brands like
Mamaearth
and Derma Co., stated that Bhargava's appointment is intended to strengthen its omnichannel strategy. He has 17 years of experience under his belt across profit and loss management, leading large-scale teams across general trade, modern trade, and
ecommerce
.
Prior to joining Honasa, Bhargava held key leadership roles at Indian ecommerce major Flipkart and
FMCG
giant
Hindustan Unilever
. He has led category transformation, built scalable go-to-market strategies, and driven sustained growth across diverse consumer businesses. He holds an MBA from the
Indian Institute of Management
, Lucknow.
"Yatish brings a rare blend of strategic thinking and executional depth that aligns with our ambition to not just grow, but to lead the next chapter of beauty and personal care in India," said Varun Alagh, cofounder and CEO at Honasa Consumer.
"I look forward to contributing to the next phase of growth by bringing together strong execution, sharper business levers, and a deep connection with what consumers truly value, alongside an excellent team," Bhargava said on his appointment.
Honasa reported a 13% year-on-year (YoY) rise in operating revenue to Rs 533 crore for the
March quarter
. The growth—in a quarter when most fast-moving consumer goods (FMCG) companies have reported single-digit expansion of their topline—came on the back of recovery from the negative impact of its offline restructuring, which began in the July-September 2024 period.
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The company reported a 16% drop in net profit at Rs 25 crore during the period, down from Rs 30 crore in January-March 2024.
The
Honasa Consumer
share closed 1.76% lower at Rs 305 per share on BSE, compared to a 0.26% drop in the benchmark Sensex.
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