NSEUpdates8 Sept 2026 · 8 Sept 2026, 02:00 pm
Updates
Honasa Consumer Limited · HONASA
✦ AI Summary▲ PositiveMgmt Change
Honasa Consumer Limited has elevated Nishchay Bahl to Chief Business Officer - Offline, effective September 08, 2026, to lead the company's offline business across General Trade, Modern Trade, and other channels.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment7/10
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Full Announcement
Update on Senior Management
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HONASA16_08092026135919_UpdateonSeniorManagement_F.pdf
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September 08, 2026
Listing Department Listing Department
National Stock Exchange of India Limited BSE Limited
Symbol: HONASA Scrip Code: 544014
Sub.: Update on Senior Management
Dear Sir/Madam,
We wish to inform that Mr. Nishchay Bahl, SVP - Offline Revenue, a member of Senior Management of
the Company, has been entrusted with the new responsibilities as ‘Chief Business Officer - Offline’ with
effect from September 08, 2026.
A copy of press release in this regard is enclosed as Annexure.
The aforesaid update will also be hosted on the Company's website viz. www.honasa.in.
Thanking you
Yours truly,
For Honasa Consumer Limited
Gaurav Pandit
Company Secretary and Compliance Officer
Encl.: As above
Honasa Consumer Limited
Registered Office: Unit No - 404, 4th Floor, City Centre, Plot No 05, Sector-12, Dwarka, New Delhi – 110 075
Corporate Office: 10th & 11th Floor, Capital Cyberscape, Sector 59, Gurugram – 122 102
Email: info@mamaearth.in; Phone: 011 – 44123544; Website: www.honasa.in
| CIN: L74999DL2016PLC306016 |
Honasa Consumer Limited elevates Nishchay Bahl to Chief Business Officer - Offline
Gurugram, September 08, 2026: Honasa Consumer Limited, India’s leading beauty and personal care company,
today announced the elevation of Nishchay Bahl to Chief Business Officer - Offline. In his new role, Bahl will lead the
company’s offline business across General Trade, Modern Trade and other channels, with a mandate to accelerate
growth, expand distribution and strengthen the presence of Honasa’s brands across markets and categories.
Bahl takes on the role after serving as Senior Vice President - Offline Revenue for close to three years, where he
played a key role in scaling Honasa’s offline presence, strengthening relationships with trade partners and expanding
distribution across markets. He has also been closely involved in Project Neev, an initiative focused on strengthening
Honasa’s General Trade business through sharper market execution, stronger partner engagement and a renewed
focus on distribution.
Commenting on the elevation, Varun Alagh, Co-founder & CEO, Honasa Consumer Limited, said, “At Honasa, we
believe in building leaders from within and giving people the opportunity to grow with the business. Nishchay has
demonstrated strong leadership in transforming and scaling our offline business, while building the capabilities and
partnerships required to support the next phase of growth. His ability to combine strategic thinking with strong
execution, along with his understanding of our brands, consumers and trade ecosystem, has been instrumental in
this journey. As we look to further strengthen our offline presence and scale our brands across India, I am confident
that Nishchay will continue to create meaningful impact in this larger role.”
Speaking on his elevation, Nishchay Bahl, Chief Business Officer - Offline, Honasa Consumer Limited, said, “The last
three years have been an exciting and transformative phase for Honasa’s offline business. We have worked closely
with our teams and partners to strengthen the fundamentals of General Trade and Modern Trade, rebuild our
distribution network and create a stronger foundation for growth. Project Neev has been an important part of this
journey, helping us strengthen our partnerships and build a stronger General Trade base. Going forward, our focus
will be on building on these foundations to gain share across categories, strengthen our distribution footprint and
improve the availability and visibility of our brands across markets. With our brands reaching consumers across the
country, there is an opportunity to deepen our presence in priority markets, improve outlet productivity and
strengthen our positions across General Trade, Modern Trade and other channels. I look forward to working with our
teams and partners to translate this opportunity into sustained, profitable growth.”
Bahl brings over 17 years of experience across FMCG and consumer businesses, with expertise spanning sales,
commercial strategy, go-to-market execution, General Trade, Modern Trade, eCommerce and business
development. Prior to joining Honasa, he served as Chief Business Officer - Offline at The Good Glamm Group. Earlier,
at Reckitt, he served as E-commerce Director – South Asia, leading the company’s eCommerce agenda across the
region. He has also held leadership positions at Reckitt and Britannia Industries, managing multiple channels across
diverse consumer categories, including General Trade, Modern Trade, eCommerce and key accounts.
An alumnus of the Indian School of Business (ISB), Hyderabad, and St. Stephen’s College, Delhi, Bahl’s experience
spans multiple consumer categories and channels, with a strong focus on distribution, channel strategy and
commercial execution.
About Honasa Consumer Ltd.:
Honasa Consumer Limited is India's largest digital-first beauty and personal care company, with a diverse portfolio
of seven brands. Uniquely positioned to capture growth trends shaping the BPC market, the company leverages
data-driven innovation and a strong omnichannel distribution network. Driven by purpose, Honasa Consumer
Limited is committed to creating a sustainable, consumer-focused future.