MAM
Prabha Narasimhan takes over as managing director of Colgate-Palmolive India
Mumbai: After a stint of over two decades at Hindustan Unilever, Prabha Narasimhan has joined Colgate-Palmolive India as managing director. Previously, she served as an executive director at the FMCG major before moving on from the company earlier this year in May 2022. Narasimhan takes over the reins of the oral care major from Ram Raghavan, who has moved to a global role.
Narasimhan confirmed the development through a post on LinkedIn: “Everyone deserves a future they can smile about is the core philosophy of the Colgate brand. Today, as I start my new journey with Colgate, this definitely made me smile. Over the last three months, I have had the opportunity to travel across 6 different countries and 7 offices to meet and understand this business and its people, and it has been an amazing experience. I am now excited and eager to work with the Colgate Palmolive team in India on brands that I have grown up with and a business that is an absolute powerhouse,” she wrote.
“No post of starting would be complete however without a look back at my time with Unilever. I consider myself extremely privileged to have worked for over 2 decades in such a fabulous organisation and more importantly work with such amazing colleagues – many of whom are lifelong friends. I will continue to watch & cheer their progress. Thank you to everyone, far too many to name here, who have helped me get to this position and thanks in advance to my new Colgate colleagues who I am excited to get to know more,” she further added.
Narasimhan joined Hindustan Unilever as a regional marketing manager in 2006. She worked her way up to become the vice president of the personal care category in 2015, before going on to become the vice president of the skin care category. In 2020, she was promoted to the position of executive director.
In the past, she has also served a stint with the Aditya Birla Group as general manager – Strategy at Madura Garments.
Brands
Estée Lauder to shed 10,000 jobs as new boss bets on digital shift
The cosmetics giant raises its profit outlook but stays silent on a possible merger with Spain’s Puig, as job cuts deepen and a three-year sales slump weighs on the turnaround
NEW YORK: Stéphane de La Faverie is not done cutting. Estée Lauder announced on Friday that it plans to eliminate as many as 3,000 additional jobs, taking its total redundancy programme to as many as 10,000 roles, up from a previous target of 7,000 announced a year ago. The company, which owns La Mer, The Ordinary, Tom Ford, and Aveda, employs roughly 57,000 people worldwide. The mathematics of what is now being contemplated is stark.
The fresh round of cuts is expected to generate a further $200 million in savings, bringing the total annual savings from the programme to as much as $1.2 billion before taxes. That money, De La Faverie has made clear, will be ploughed back into the turnaround.
A CEO in a hurry
De La Faverie, who took the helm in January 2025, inherited a company that had endured three consecutive years of annual sales declines. His response has been to move fast and cut deep. A significant portion of the latest redundancies reflects his push to reduce headcount at US department stores, long a cornerstone of Estée Lauder’s distribution model but now a channel in structural decline. In their place, he is accelerating the shift toward faster-growing online platforms, including Amazon.com and TikTok Shop, a pivot that is reshaping not just where Estée Lauder sells but how it thinks about its customers.
The numbers are moving in the right direction
Despite the pain, there are signs the medicine is working. Estée Lauder raised its profit outlook for the remainder of the fiscal year, guiding for adjusted earnings per share in the range of $2.35 to $2.45, above analyst estimates and a notable step up from the $2.05 to $2.25 range it had guided for in February. Organic net sales growth is expected to come in at 3 per cent, the company said, at the high end of the range it set out in February.
The share price tells a mixed story. After De La Faverie took charge, the stock surged nearly 60 per cent, buoyed by investor optimism that a longtime company insider could finally arrest the decline. But 2026 has been rougher: the shares have fallen 27 per cent this year, weighed down by disappointing February results and the overhang of unresolved merger talks with Spanish beauty giant Puig Brands SA. The company gave no additional details about those discussions on Friday, leaving the market to guess.
Silence on Puig
The proposed tie-up with Puig remains the most consequential unknown hanging over Estée Lauder. A deal with the Barcelona-based group, which owns brands including Carolina Herrera and Rabanne, would reshape the global luxury beauty landscape. But with nothing new to say and a turnaround still very much in progress, De La Faverie is asking investors to trust the process.
Three years of sales declines, 10,000 job cuts, and a merger that may or may not happen. At Estée Lauder, the overhaul has barely started.
