Honasa Consumer Limited, the parent company of Mamaearth, on Wednesday appointed Saahil Nayar as Business Head and Senior Vice President to lead its emerging brands portfolio, covering colour cosmetics and prestige skincare.
Nayar brings over 15 years of experience in beauty, personal care, luxury, and lifestyle sectors. He joins from Mila Beauté, where he served as CEO, and previously held the top post at Swiss Beauty, a colour cosmetics brand. Earlier in his career, he worked with luxury labels, including Kama Ayurveda, Versace, Roberto Cavalli, and Missoni. He has been recognised in industry lists including Times 40 Under 40 and ET Global 100 Indian Leaders.
In his new role, Nayar will be responsible for scaling brand presence, sharpening go-to-market strategy, and driving consumer growth across Honasa’s emerging portfolio.
Honasa bets on next phase of beauty growth
Varun Alagh, Co-founder and CEO of Honasa Consumer, said the company is focused on building brands for the next decade and is looking for leaders who understand evolving consumer behaviour. He described Nayar as bringing category expertise and brand-building experience to the role.
Honasa stock gains over 32% in one year
The appointment comes as Honasa’s stock traded at ₹358.15 on the NSE on Thursday, up 0.39 per cent from the previous close of ₹356.75, giving the company a market capitalisation of approximately ₹11,651 crore. The stock has gained over 32 per cent in the past year and around 26 per cent year-to-date, outperforming the Nifty 500 index, which is down roughly 5 per cent in the same period. The counter’s 52-week high of ₹364.70 was hit just last week on May 15.
Honasa, listed on Indian exchanges since November 2023, operates in the personal care segment within the Nifty 500 index. The company has been expanding beyond its flagship Mamaearth brand into adjacent beauty categories.