Dabur India said on Wednesday, 4 November 2026, that its Global Chief Executive Officer (CEO), Mohit Malhotra, has resigned. He will step down on 13 November 2026, according to Economic Times. The same day, Dabur's quarterly net profit rose 12%.
The news matters because Malhotra has worked at Dabur for more than three decades. Shareholders will want to know who runs the company next.
What happened
Malhotra resigned from two posts: Global CEO and Whole-time Director. His resignation letter is dated 3 November. In it, he gave personal interests as the reason. He has accepted a leadership role overseas, Economic Times reported, citing the letter. Dabur's board accepted his resignation at a meeting on Wednesday.
In the letter, Malhotra said he joined Dabur as a management trainee. He watched it grow from a ₹1,250 crore company into a business present in over 100 countries, with revenue of more than ₹13,000 crore. By our calculation, that is more than ten times bigger. He thanked the Burman family, the board and his colleagues for trusting him over the years.
"I believe this is the right moment in my career to take on a new challenge," Malhotra said in the letter.
He joined Dabur in 1994 and first worked in marketing and sales. He is a management graduate from Pune University. He also holds an Executive Masters in International Business from the Indian Institute of Foreign Trade, New Delhi.
Who takes charge
Dabur named a new board member on the same day. Herjit Singh Bhalla will become an Additional Director and Whole-time Director for five years. His new role starts on 14 November, one day after Malhotra leaves. It still needs regulatory approvals.
Bhalla is now CEO of Dabur's India business. He joined the company earlier this year. He has more than 25 years of experience in building brands and growing businesses. Before Dabur, he held management roles at Unilever. He also held global leadership roles at The Hershey Company and METRO Cash & Carry India.
The company has split the work. Bhalla will keep leading the India business and its growth plans. P D Narang, who is already a Whole-time Director, will give strategic guidance across the group's businesses. That includes oversight of the international business, the company said.
| Person | Role today | What changes | From |
|---|---|---|---|
| Mohit Malhotra | Global CEO and Whole-time Director | Leaves the company | 13 November 2026 |
| Herjit Singh Bhalla | CEO, India business | Joins the board as Additional Director and Whole-time Director for five years; keeps leading India | 14 November 2026, subject to approvals |
| P D Narang | Whole-time Director | Strategic guidance across the group, including oversight of the international business | Date not stated |
The table shows how Malhotra's work is being divided. The reports do not say whether Dabur will name a new Global CEO.
The Q2 numbers
Dabur was on the list of companies due to report results on 4 November, according to The Hindu BusinessLine. NDTV Profit said 327 companies were scheduled to announce Q2 FY27 results that day. Here is what NDTV Profit reported for Dabur:
- Net profit rose 12%.
- Revenue from operations kept growing in double digits, which means by 10% or more.
- Shareholders will get an interim dividend of ₹3.5 per share.
The reports did not give the profit or revenue in rupees. They also did not give the dividend record date. Readers can find these details in Dabur's result filing on the BSE or NSE website. More quarterly reviews are in our results section.
A small example shows how the dividend works. By our calculation, an eligible investor with 100 Dabur shares would get ₹350 before tax. You must own the shares on the record date to qualify.
Why it matters to a common investor
When a long-serving leader leaves, a company's plans can change. Dabur named people for the key roles on the same day, which gives some clarity. But new leaders need time to settle in, and the full effect will only show over the coming quarters.
The results show the business grew in the July to September quarter. A 12% rise in profit and double-digit revenue growth are steady numbers. Still, a percentage alone does not tell the full story. Costs, margins and the split between India and overseas sales matter too.
To compare, you can read how other consumer companies did this quarter, such as Marico's Q2 results and ITC's Q2 results.
Risks to keep in mind
- Change at the top: Malhotra's work is now split between two people. This new setup has not been tested yet.
- Approvals pending: Bhalla's board role still needs regulatory approvals.
- Missing details: We only have percentage growth, not the full figures. Read the filing before you form a view.
- Price moves: The share price may react to both the results and the leadership news. Past growth does not promise future growth.
What to watch next
- Malhotra's last day, 13 November, and Bhalla's start date, 14 November.
- Whether Dabur names a new Global CEO or keeps the split setup.
- The full Q2 filing, with revenue, profit in rupees and margins.
- The record date for the ₹3.5 dividend.
- Any comments from management on the international business under Narang.
For more company news in simple words, see our business section.
Words explained
- Chief Executive Officer (CEO): The top manager who runs the company day to day. A Global CEO looks after the business in all countries.
- Whole-time Director: A board member who also works full time in the company, unlike outside directors who only attend board meetings.
- Additional Director: A director the board appoints between shareholder meetings. Shareholders usually confirm the appointment later.
- Net profit: The money left after all costs, interest and taxes are paid.
- Revenue from operations: Money earned from the main business, such as selling products. It does not include other income like interest.
- Interim dividend: A share of profit paid to shareholders during the year, before the yearly accounts are final.
- Record date: The date a company checks who owns its shares. Only those owners get the dividend.
- Q2 FY27: The second quarter of the 2026-27 financial year, which covers July to September 2026.
- Margin: The part of sales a company keeps as profit. If ₹100 of sales leaves ₹15 of profit, the margin is 15%.
Sources: Economic Times, NDTV Profit, The Hindu BusinessLine.
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