Honasa Consumer’s Chief Business Officer Resigns Effective February 28

Honasa Consumer Limited, established in 2016 by Ghazal and Varun Alagh, is a digital-first house of brands catering to the diverse needs of millennial customers in the beauty and personal care (BPC) sector. The company’s mission is to deliver innovative, high-quality products purposefully designed to address the evolving needs of Indian consumers across the BPC category.

Chief Business Officer Resigning

On Thursday, 2 January 2025, Honasa Consumer Limited, the parent company of FMCG brands Mamaearth and The Derma Co., announced that Master Zairus, the Chief Business Officer and Senior Management Personnel (SMP), has tendered his resignation. His resignation will take effect at the close of business hours on 28 February 2025. In a regulatory filing, the company stated:

“…we would like to inform you that Mr. Master Zairus, Chief Business Officer designated as Senior Management Personnel (“SMP”), has tendered his resignation with effect from the closure of business hours on 28 February 2025, due to personal reasons.”

Honasa Consumer Limited Q2 FY25 Results

Honasa Consumer Limited recently reported a net loss of ₹18.6 crore for the Q2 FY25 results. This marks an improvement compared to the net loss of ₹29.4 crore reported during the same quarter in the previous fiscal year.

The company’s revenue from operations declined by 6.9%, standing at ₹461.8 crore, compared to ₹496 crore in the corresponding quarter of the previous year. At the operating level, the EBITDA loss narrowed to ₹30.7 crore in the second quarter of this fiscal year, down from ₹40.1 crore in the same period last year.

Share Price Performance

As of 1:10 PM on 2 January 2025, Honasa Consumer Limited‘s shares were trading at ₹253.75 per share, reflecting an increase of over 1%. The stock reached a high of ₹254.95 per share during the trading session.

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