Dabur has promoted Harjeet Bhalla to the position of full director on the Dabur India board of directors. This appointment will take effect from November 14 for a five-year term, subject to obtaining necessary regulatory approvals. Concurrently, Mohit Malhotra is stepping down as global CEO after more than thirty years with the company.
Mohit Malhotra is leaving his roles as Global CEO and Full Director effective November 13 to pursue personal interests. Harjeet Bhalla will continue to lead growth plans for the business in India, representing the company and defining the strategic direction in its core market.
The company announced that P. D. Narang, currently a Full Director, will remain in his role as Group Director of Corporate Affairs. He will provide strategic guidance across all areas of Dabur Group's business, including overseeing international operations.
Management Comments on Personnel Changes
Mohit Burman, Chairman of Dabur India, thanked Mr. Malhotra in a statement for more than three decades of service and contribution to the organization. He wished him all the best in his personal endeavors.
Burman added that Bhalla's promotion to the board reflects the company's confidence in his leadership qualities and underscores the central role of the Indian business for Dabur's growth. He also noted that Dabur's business, including International Business, will continue to benefit from Mr. Narang's strategic guidance, leveraging his four decades of experience within the Group.
Burman concluded that the planned transition helps clarify areas of responsibility and accountability, ensuring process continuity as the company advances its priorities and prepares for the next stage of growth.
Financial Results and Outlook
The producer of natural fruit juices reported an 11.7 percent increase in net profit, reaching 506 crore rupees in the second quarter of fiscal year '27, compared to the same period last year, driven by increased sales. The FMCG business in India saw a volume growth of 5.5 percent. Net revenue increased by 11.6 percent to 3,563 crore rupees, and Profit Before Interest, Depreciation, and Taxes (PBIDT) grew by 10.4 percent to 804 crore rupees for the July-September quarter.
Bhalla stated in the results press release that the second quarter figures demonstrate brand strength and clearer strategy execution. He noted that the company achieved profitable growth despite operating in a complex external environment marked by geopolitical uncertainty and rising raw material costs. His confidence is based on the growth being widespread and supported by healthy base volumes.
He also emphasized that the evolving channel landscape continues to open significant opportunities for the company. The current quarter showed a notable upturn in general trade retail, a channel that grew by double-digit or high single-digit numbers due to sustained efforts under Project Saksham. The company remains focused on strengthening brands and expanding presence across all channels to maintain growth momentum.
Dabur's International Business grew by 20 percent in Indian rupees for the reporting quarter, supported by strong performance in several key markets, including Bangladesh, Egypt, Sub-Saharan Africa, and Turkey.
