Dabur share price falls nearly 2% on CEO reshuffle; Bhalla to lead, Malhotra elevated to global role

The stock is down 1.65% to ₹508.25 apiece on the National Stock Exchange (NSE) at 9:45 am.

It has elevated the incumbent, Mohit Malhotra, as global CEO of the company, as per the regulatory filing by the Burman family-promoted entity.

Bhalla’s appointment will be effective from April 15, 2026, or such other date as may be agreed between them, and he will report to Malhotra, Dabur said.

Malhotra’s redesignation as Whole Time Director and Global Chief Executive Officer is with immediate effect from Tuesday.

Bhalla (49) had joined The Hershey Company in 2018 as Managing Director for India. Since then, he has continued with Hershey, taking over global roles since 2021 as VP India & AEMEA, VP Canada & AMEA and currently as VP Canada & Global Customers.

He has more than 25 years of commercial and general management experience across diverse geographies and business contexts.

Dabur Q3 results

In Q3 FY26, Dabur's consolidated revenue from operations stood at ₹3,558.6 crore, up 6% from ₹3,355.2 crore in the same period of the previous fiscal year.

Its net profit climbed 7.19% to ₹559.97 crore in the quarter under review, compared to ₹522.38 crore in the year-ago period.

The company's total reach- including Urban and Rural- expanded by 50,000 outlets, making Dabur the second most distributed firm in India with its products reaching to more than 8.5 million outlets.

Rural demand outperformed urban markets for the eighth straight quarter with syndicated data showing a gap of 330 basis points (bps) between urban and rural, the company said. "Our distribution network today covers more than 133,000 villages, giving us one of the deepest rural reaches in the industry," Malhotra said.

In India, Dabur's hair oils business recorded a 19.1% surge during the quarter, while the toothpaste segment, led by continued demand for Dabur Red Toothpaste and Meswak, ended the quarter with around 10% growth. The skin and salon business posted a 6.6% growth while Hajmola grew by 7%. The foods business saw a 14% growth in Q3.