Latest news with #HonasaConsumer
Economic Times
27-06-2025
- Business
- Economic Times
Honasa Consumer shares in focus as NCLT approves amalgamation scheme of 2 subsidiaries
Shares of Honasa Consumer, the parent company of Mamaearth, are expected to be in focus on Friday, June 27, following the receipt of the National Company Law Tribunal's (NCLT) order approving its amalgamation scheme involving two group entities. ADVERTISEMENT As per the company's regulatory filing, the NCLT, New Delhi Bench, in an order dated June 3, approved the scheme of amalgamation between Fusion Cosmeceutics and Just4Kids Services with Honasa Consumer. 'Order dated 03 rd June 2025 of the Hon'ble National Company Law Tribunal, New Delhi Bench ('NCLT New Delhi') in Company Petition No. 76/ND/2024 connected with Company Application No. 51/ND/2024 filed in relation to the Scheme of Amalgamation ('Scheme') between Fusion Cosmeceutics Private Limited ('Transferor Company-1') and Just4Kids Services Private Limited ('Transferor Company-2') with Honasa Consumer Limited ('Transferee Company') and their respective shareholders and creditors under the provisions of Sections 230-232 of the Companies Act, 2013 and other applicable provisions thereof,' the company said in its filing to the exchange. The company confirmed that it received the certified copy of the NCLT Delhi order on June 25, and noted that the Scheme will become effective once this certified copy is filed with the jurisdictional Registrar of scheme aims to streamline operations and consolidate entities within the Honasa group, which may improve organizational efficiency. However, the filing did not elaborate further on the financial impact or restructuring details. Also read: HDB Financial's pre-IPO lottery backfires. Are unlisted stocks not worth the hype? ADVERTISEMENT Over the past year, the stock of Honasa Consumer has declined by 29.60%. On a year-to-date (YTD) basis, it has gained 25.58%, while the six-month return stands at 24.33%. In the last three months, the stock has surged by 32.92%, but it recorded a marginal decline of 0.68% over the past one shares of Honasa Consumer, on Thursday, closed flat at Rs 312.95 on the BSE. ADVERTISEMENT Also read: HDB Financial's pre-IPO lottery backfires. Are unlisted stocks not worth the hype? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
27-06-2025
- Business
- Time of India
Honasa Consumer shares in focus as NCLT approves amalgamation scheme of 2 subsidiaries
Shares of Honasa Consumer , the parent company of Mamaearth , are expected to be in focus on Friday, June 27, following the receipt of the National Company Law Tribunal's ( NCLT ) order approving its amalgamation scheme involving two group entities. As per the company's regulatory filing, the NCLT, New Delhi Bench, in an order dated June 3, approved the scheme of amalgamation between Fusion Cosmeceutics and Just4Kids Services with Honasa Consumer. 'Order dated 03 rd June 2025 of the Hon'ble National Company Law Tribunal, New Delhi Bench ('NCLT New Delhi') in Company Petition No. 76/ND/2024 connected with Company Application No. 51/ND/2024 filed in relation to the Scheme of Amalgamation ('Scheme') between Fusion Cosmeceutics Private Limited ('Transferor Company-1') and Just4Kids Services Private Limited ('Transferor Company-2') with Honasa Consumer Limited ('Transferee Company') and their respective shareholders and creditors under the provisions of Sections 230-232 of the Companies Act, 2013 and other applicable provisions thereof,' the company said in its filing to the exchange. The company confirmed that it received the certified copy of the NCLT Delhi order on June 25, and noted that the Scheme will become effective once this certified copy is filed with the jurisdictional Registrar of Companies. The scheme aims to streamline operations and consolidate entities within the Honasa group, which may improve organizational efficiency. However, the filing did not elaborate further on the financial impact or restructuring details. Also read: HDB Financial's pre-IPO lottery backfires. Are unlisted stocks not worth the hype? Honasa Consumer share price performance Over the past year, the stock of Honasa Consumer has declined by 29.60%. On a year-to-date (YTD) basis, it has gained 25.58%, while the six-month return stands at 24.33%. In the last three months, the stock has surged by 32.92%, but it recorded a marginal decline of 0.68% over the past one month. The shares of Honasa Consumer, on Thursday, closed flat at Rs 312.95 on the BSE. Also read: HDB Financial's pre-IPO lottery backfires. Are unlisted stocks not worth the hype? ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Entrepreneur
18-06-2025
- Business
- Entrepreneur
Honasa, Pocket Entertainment, and Slikk Announce Key Appointments
Honasa names Yatish Bhargava as Chief Business Officer, Pocket Entertainment promotes Umesh Bude to CTO, and Slikk appoints Sachin Kataria to lead its Beauty and Personal Care vertical. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Honasa Consumer Appoints Yatish Bhargava as Chief Business Officer Honasa Consumer, the parent company of popular beauty and personal care brands like Mamaearth and The Derma Co., has named Yatish Bhargava as its new Chief Business Officer. In his new role, Bhargava will lead business operations across Honasa's brand portfolio and sales channels, with a focus on strengthening category leadership and driving omnichannel growth. Bhargava brings with him extensive experience from senior roles at Flipkart and Hindustan Unilever, where he led initiatives across general trade, modern retail, and ecommerce. He holds an MBA from the Indian Institute of Management, Lucknow. "With a strong track record in P&L management, GTM strategy, and execution, Yatish brings the right balance of strategic insight and operational rigour needed for this phase of our journey," said Varun Alagh, Co-founder and CEO of Honasa Consumer. Bhargava's appointment comes after the resignation of former CBO Zairus Master in February. The company recently restructured its leadership team, elevating Karan Bajwa as Chief Human Resources Officer and Avinash Dhagat as Chief Supply Chain Officer. In Q4 FY25, Honasa reported a net profit of Rs 24.9 crore, an 18% decline from the previous year. However, its revenue rose 13% year-on-year to INR 533.5 crore. Pocket Entertainment Elevates Umesh Bude to CTO AI storytelling leader Pocket Entertainment, the parent company of Pocket FM, Pocket Toons, and Pocket Novel, has announced the promotion of Umesh Bude to Chief Technology Officer (CTO). Formerly the Senior Vice President of Engineering, Bude will now oversee the company's overarching technology strategy as it deepens its commitment to AI-powered storytelling. In his new role, Bude will lead innovation across all platforms, focusing on building immersive, AI-enhanced user experiences and driving the company's vision of turning technology into an active storytelling partner. "It's a privilege to take on this responsibility at such an exciting time for Pocket Entertainment," said Bude. "I look forward to driving the next wave of innovation, where technology and AI are not just enablers, but storytellers in their own right." With nearly 20 years of experience in engineering, data science, and platform security, Bude has played a crucial role in scaling the company's tech infrastructure from the ground up. His promotion reflects Pocket Entertainment's growing emphasis on fusing technology with creativity. "We are at a pivotal moment in our journey where technology and creativity are deeply intertwined," said Prateek Dixit, Co-founder of Pocket Entertainment. "Umesh's elevation is a reflection of our ambition to lead this transformation from the front. His leadership will be central to creating intelligent, emotionally aware experiences that push the boundaries of what storytelling can be." Bude will continue reporting to Dixit as he leads the development of next-gen AI capabilities, ensuring Pocket Entertainment remains at the forefront of responsible and transformative innovations in entertainment technology. Slikk Appoints Sachin Kataria to Lead Beauty and Personal Care Vertical Gen Z-focused quick commerce platform Slikk has announced the appointment of Sachin Kataria as Head of Beauty and Personal Care (BPC), marking a major milestone in its expansion into the beauty and wellness space. With over 17 years of experience, Kataria will lead Slikk's newest vertical as part of the Founder's Office. A former Vice President at Nykaa, Kataria brings deep domain knowledge in beauty, personal care, and consumer tech. "I've always believed that beauty is deeply personal—but it's also rapidly evolving," said Kataria. "Slikk's model offers a unique opportunity to reimagine how beauty can be discovered, experienced, and delivered. I'm excited to build this vertical from the ground up." Founded in 2024 by Akshay Gulati, Om Prakash Swami, and Bipin Singh, Slikk delivers fashion and lifestyle products within 60 minutes across Bengaluru. The company is now eyeing beauty and self-care as key growth engines. "Sachin's depth of experience in building and scaling consumer businesses makes him the ideal leader to build our beauty and personal care vertical," said Co-founder Akshay Gulati. "This is a key milestone in accelerating our vision to become India's fastest and most reliable lifestyle marketplace." Backed by USD 10 million in Series A funding led by Nexus Venture Partners, Slikk aims to offer high-performance beauty assortments, strategic brand tie-ups, and seamless quick-commerce experiences for India's next-gen consumers.
Time of India
17-06-2025
- Business
- Time of India
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. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories 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.
Business Standard
17-06-2025
- Business
- Business Standard
Honasa Consumer appoints Yatish Bhargava as CBO
Honasa Consumer has announced the appointment of Yatish Bhargava as chief business officer (CBO), designated as senior management personnel, with effect from 17 June 2025. Yatish has 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, Yatish held key leadership roles at Flipkart and Hindustan Unilever. Bhargava has led category transformation, built scalable go-to-market strategies and driven sustained growth across diverse consumer businesses. Yatish holds an MBA from the Indian Institute of Management, Lucknow. The companys consolidated net profit slipped 18% to Rs 24.98 crore despite 13.3% rise in revenue from operations to Rs 533.56 crore in Q4 FY25 over Q4 FY24. Honasa Consumer is Indias largest digital-first beauty and personal care company, with a diverse portfolio of six brands. Shares of Honasa Consumer fell 2.50% to Rs 301.60 on the BSE.
