Yatish Bhargava has stepped down as the chief business officer (CBO) of Mamaearth parent Honasa Consumer within a year of his appointment. He cited “personal circumstances” for his resignation. 

In a filing with the exchanges, the listed D2C major said that Bhargava’s resignation will come into effect after the close of business hours on May 15. Post his departure, he will also cease to be a senior management personnel of the company. 

The company is yet to name a successor for the post of CBO. 

“I am writing to formally tender my resignation from the position of chief business officer, effective 15th May 2026. This decision stems solely from personal circumstances requiring my immediate attention…,” read Bhargava’s resignation letter.

This comes less than a year after Honasa appointed former Flipkart executive Bhargava as the CBO in June 2025. He had replaced Zairus Master, who also stepped down citing personal reasons.

An alumnus of IIM Lucknow, Bhargava counts more than 18 years of experience under his belt and has previously worked at companies like Nokia and Hindustan Unilever. Prior to joining Honasa, he was the head of home and furniture vertical at ecommerce major Flipkart. 

Founded in 2016 by the husband-wife duo of Ghazal and Varun Alagh, Honasa Consumer started as a babycare brand and later pivoted to beauty and skincare. It sells a range of hair care, skincare, and makeup products under the Mamaearth brand. It also owns brands like Aqualogica, BBlunt, The Derma Co. and Staze.

On the financial front, the D2C unicorn reported a 93% jump in consolidated profit after tax (PAT) to ₹50.2 Cr in Q3 FY26 as against ₹26 Cr reported in the year-ago quarter. Meanwhile, operating revenue rose 16% YoY and 12% QoQ to ₹601.5 Cr. 

Earlier last month, the company projected growth rate in the late-twenties in Q4 FY26 on the back of strong performance of Mamaearth and improving distribution coverage. It also claimed that younger brands like The Derma Co., Aqualogica, BBlunt, Dr. Sheth’s, Staze and Lumineve are expected to deliver growth in mid-twenties.

It is pertinent to note that Honasa overhauled its offline distribution under ‘Project Neev’ last year to fix various bottlenecks.

Shares of Honasa closed Friday’s trading session 1.27% higher at ₹358.85 on the BSE.

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