Dabur India said on Wednesday that its global CEO Mohit Malhotra had resigned after more than three decades with the consumer goods company to pursue an overseas role. Malhotra’s resignation comes amid a series of executive changes at Indian consumer goods majors, as they look to navigate uneven demand and improve margins with rising raw material costs squeezing the sector.
But in February this year, he was named as the global CEO, with Herjit Bhalla heading the India business. In August 2023, Malhotra had been reappointed as Dabur’s CEO for five years, through January 30, 2029.
D. Narang, an existing whole-time director, will continue guiding the group’s businesses, including overseeing its international operations, which account for 30% of its revenue. Total revenue rose 12% to 35.63 billion rupees, with its mainstay consumer care business, known for its Odomos mosquito repellent and Odonil air freshener brands, climbing 11% from a year earlier. Dabur shares, which have lost a quarter of their value over the last one year, closed nearly 4% higher ahead of the results and resignation announcement.
The company also said that P.
