Latest news with #Alagh
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Business Standard
23-05-2025
- Business
- Business Standard
Honasa Consumer targets double-digit revenue growth, eyes Mamaearth revival
India's Honasa Consumer, which owns beauty brands including BBlunt, is deepening its push into neighbourhood stores to drive double-digit revenue growth this fiscal, while also looking to revive its flagship Mamaearth brand, a top executive told Reuters. The company, which currently serves more than 100,000 stores directly, plans to expand to another 50,000 stores in the current financial year that started on April 1, CEO and Co-founder Varun Alagh said late on Thursday. Alagh expects brick-and-mortar growth, combined with growth in newer skincare brands Aqualogica and Dr. Sheth's, and a turnaround of Mamaearth, to drive revenue growth in the double-digit percentage range. Honasa, which began as a direct-to-consumer baby care products startup in 2016, also owns beauty brands including Derma Co. Analysts expect Honasa's revenue to jump 15% year-on-year to 23.71 billion rupees ($276.1 million) this fiscal, according to data compiled by LSEG. However, Alagh declined to say whether the company would exceed the forecast. Honasa's forecast comes months after it came under fire for allegedly dumping excessive stock on Indian distributors without considering demand, a claim that the company has denied. Alagh also declined to say when Mamaearth would return to growth, though he noted that Honasa would double down on its "focus categories" including face wash, shampoo, moisturizers, and sunscreen to revive the brand. Honasa said last year that Mamaearth's growth had lagged its own expectations for the last few quarters due to shifting consumer preferences, with the company noting that it needed to refresh its products, price and marketing. Honasa's revenue rose 8% to 20.67 billion rupees for the financial year ended March 31, but this trailed a 13% growth in volumes as a larger share of sales came through third-party stores that bring in less money per product. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
India Today
12-05-2025
- Business
- India Today
Mamaearth's Ghazal Alagh explains why disagreement at work is a sign of a strong team
For Mamaearth co-founder Ghazal Alagh, one of the biggest leadership lessons came from a moment of silence when her team refrained from speaking up. She realised that when employees don't disagree with you at work, it's not always a sign of loyalty. Sometimes, it's a sign of fear.'If your team never pushes back, that's not a sign of respect,' Alagh said in a post on LinkedIn, emphasising that disagreement wasn't a problem but elaborate on her realisation, Alagh narrated the story of a product launch from a few years ago. 'I was absolutely sure about the campaign direction. Deadlines were tight. The pressure was high. And I expected the team to just align. They did. No one questioned the approach. No one pushed back. We launched. The product did not perform as per expected,' Alagh a week later, one of her team members told her, 'I had a different idea, but I didn't know if you were open to hearing it at that moment.''That hit me harder. It made me realise that if your team never disagrees with you, that's not loyalty. That's fear,' Alagh realisation helped Alagh understand that true loyalty in a team sounds like: 'Can I challenge this?', 'Is there another way?' and 'Here's what I see from where I stand.'advertisementA leader's reaction to such questions, according to Alagh, shapes whether a team becomes one that blindly follows or confidently contributes.'Since then, I've tried to make disagreement safe in the room. Not personal. Not political. Just part of how we grow,' she her post here:Social media users found her leadership advice valuable enough and shared their thoughts and opinions in the comments section. Ghazal Alagh also appeared as a judge on the business reality show Shark Tank Reel
