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Dabur India has appointed former Hershey executive Herjit S Bhalla as CEO – India Business, while elevating Mohit Malhotra to the role of Global CEO.
By Meghna Sen February 18, 2026, 7:26:22 AM IST (Published)
2 Min Read
Shares of Dabur India Ltd. will be in focus on Wednesday, February 18, after the FMCG major announced key leadership changes, appointing former Hershey executive Herjit S Bhalla as CEO – India Business, while elevating current CEO Mohit Malhotra as Global CEO.
Bhalla, who is currently Vice President – Canada & Global Customers at The Hershey Company, will take charge of the India business from April 15, 2026, or an earlier mutually agreed date, according to an exchange filing. He will report to Malhotra.
With over 25 years of experience across sales, marketing and general management, Bhalla has previously worked with Hershey India, Metro Cash & Carry, and Unilever.
Hershey's global portfolio includes brands such as Kisses, Reese's, Jolly Rancher and SkinnyPop.
Meanwhile, Mohit Malhotra, currently Whole-Time Director and CEO, has been redesignated as Whole-Time Director and Global CEO with effect from February 17, 2026.
The leadership reshuffle comes weeks after Malhotra told CNBC-TV18 that Dabur was reviewing its organisational structure to strengthen its India operations, which contribute nearly 75% of overall revenue.
At the time, he had clarified that there were no senior-level exits but indicated the company may add positions domestically as part of internal restructuring.
Dabur's October-December 2025 earnings were broadly in-line with Street expectations, with growth led by rural demand, market share gains across its portfolio, and steady international performance.
Going ahead, investors will track growth acceleration, channel strategy execution, and any acquisition plans.
Brokerage firm Morgan Stanley maintains an 'Underweight' rating on the stock with a price target of ₹400 per share.
Dabur India shares ended 0.34% higher at ₹516 on Tuesday and are up about 3% so far in 2026.
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