Brands
Nestlé India posts 18.3 per cent domestic growth in Q3
MUMBAI: Nestlé India is proving that there is always room for a little more on the plate, serving up a feast of financial results and strategic shifts that suggest the company is far from reaching its boiling point.
The company has reported a significant surge in its financial performance for the third quarter ended 31st December 2025, driven by a sharp rise in domestic demand. The company’s latest regulatory filing reveals a multifaceted strategy that combines robust shareholder returns with a structural overhaul of its executive leadership and a long-term commitment to sustainable energy sourcing. With domestic sales growing by 18.3% compared to the same period last year, the company is positioning itself to maintain momentum through both operational efficiency and strategic capital allocation.
The financial results for the quarter ending December 2025 show that domestic sales reached Rs 54,026 million, contributing to a total revenue from operations of Rs 56,670.4 million. For the nine-month period, the company’s total revenue stands at Rs 163,017 million. In light of these results, the Board of Directors declared a second interim dividend of Rs 7 per equity share for the fifteen-month financial year ending 31st March 2026. This dividend, amounting to a total outflow of Rs 13,498.2 million, is scheduled for payment starting 26th February 2026 to shareholders registered as of the 11th February record date.
The company is also undergoing a significant transition in its top-tier management. Edouard Mac Nab, currently the head of finance & control at Nestlé Canada, has been appointed as the new chief financial officer and executive director – finance & control, effective 1st March 2026. He succeeds Svetlana Boldina, who will be transitioning to a new role within a Nestlé Affiliate. Additionally, Jagdeep Singh Marahar will take over as executive director – technical on 1st June 2026, following the retirement of Satish Srinivasan. These leadership changes come at a time when the company is increasingly focused on digital transformation and operational profitability.
In a move to secure its future energy needs and meet sustainability targets, Nestlé India has approved an investment in two Special Purpose Vehicles (SPVs) in collaboration with Adani Green Energy Limited and Radiance Renewables Private Limited. The company will acquire up to a 26 per cent stake in these SPVs to develop captive renewable energy projects. Under this arrangement, Nestlé India will consume at least 51 per cent of the power generated, allowing its manufacturing units to transition to green energy. This initiative is designed to provide a reliable and cost-effective power supply while significantly reducing the company’s environmental footprint.
The net profit for the quarter was reported at Rs 10,180.6 million, a figure that includes the impact of several exceptional items. The company benefited from a Rs 2,023.2 million write-back due to the resolution of long-standing income tax disputes. However, this was partially offset by Rs 350 million in restructuring costs and a Rs 103.7 million charge related to the implementation of new Government Labour Codes, specifically regarding the updated definition of wages for gratuity benefits. For the cumulative nine-month period, the company’s total profit stands at Rs 23,881.8 million.
Total expenses for the quarter were recorded at Rs 46,319.1 million, with the nine-month total reaching Rs 134,840.9 million. Despite the costs associated with raw materials and the recent structural adjustments, Nestlé India’s Ebitda for the quarter remained strong at Rs 12,020.7 million. By integrating renewable energy into its supply chain and refreshing its executive board, the company is shifting its focus toward a model of sustainable growth that balances high-volume domestic sales with modernised corporate governance and environmental responsibility.
For the average investor or consumer, the message is clear: Nestlé is continuing to cook up a storm in the Indian market, ensuring there is plenty of growth left to savour.
Brands
Delhivery chairman Deepak Kapoor, independent director Saugata Gupta quit board
Gurugram: Delhivery’s boardroom is being reset. Deepak Kapoor, chairman and independent director, has resigned with effect from April 1 as part of a planned board reconstitution, the logistics company said in an exchange filing. Saugata Gupta, managing director and chief executive of FMCG major Marico and an independent director on Delhivery’s board, has also stepped down.
Kapoor exits after an eight-year stint that included steering the company through its 2022 stock-market debut, a period that saw Delhivery transform from a venture-backed upstart into one of India’s most visible logistics platforms. Gupta, who joined the board in 2021, departs alongside him, marking a simultaneous clearing of two senior independent seats.
“Deepak and Saugata have been instrumental in our process of recognising the need for and enabling the reconstitution of the board of directors in line with our ambitious next phase of growth,” said Sahil Barua, managing director and chief executive, Delhivery. The statement frames the exits less as departures and more as deliberate succession, a boardroom shuffle timed to the company’s evolving scale and strategy.
The resignations arrive amid broader governance recalibration. In 2025, Delhivery appointed Emcure Pharmaceuticals whole-time director Namita Thapar, PB Fintech founder and chairman Yashish Dahiya, and IIM Bangalore faculty member Padmini Srinivasan as independent directors, signalling a tilt towards consumer, fintech and academic expertise at the board level.
Kapoor’s tenure spanned Delhivery’s most defining years, rapid network expansion, public listing and the push towards profitability in a bruising logistics market. Gupta’s presence brought FMCG and brand-scale perspective during a period when ecommerce volumes and last-mile delivery economics were being rewritten.
The twin exits, effective from the new financial year, underscore a familiar corporate rhythm: founders consolidate, veterans rotate out, and fresh voices are ushered in to script the next chapter. In India’s hyper-competitive logistics race, even the boardroom does not stand still.
Brands
Brnd.me enters Europe as haircare brands power global expansion
Bengaluru: Brnd.me, the global consumer brands company formerly known as Mensa Brands, has entered the European market following strong momentum across the Middle East, the United States and Canada.
The company has launched across the UK, Germany, France and Spain, with plans to expand into Italy, the Netherlands and Poland over the next year. The push is being led by its haircare and aromatherapy brands, Botanic Hearth and Majestic Pure, marking Brnd.me’s first structured expansion into Europe.
The European beauty market represents a total addressable opportunity of over $4 billion across haircare and aromatherapy, supported by high digital adoption and demand for accessible, performance-led products.
Brnd.me’s hair care and aromatherapy business currently operates at an annual run rate of around $6 million, with Botanic Hearth and Majestic Pure delivering roughly 10 per cent month-on-month growth, driven by expansion and rising repeat demand.
To support regional growth, the company has appointed a general manager based in Germany and is evaluating investments in warehousing and local team expansion.
Early traction has been strong. Within weeks of launch, Botanic Hearth’s rosemary hair oil ranked among the top five hair oils in Germany, signalling strong consumer pull in a competitive market.
Brnd.me founder and chief executive officer Ananth Narayanan, said Europe represents the next phase of the company’s international strategy. He added that the European business is expected to scale to a $10 million annual run rate by the end of 2026, with long-term ambitions to reach $60 million over the next six years.
The company’s Europe strategy centres on digital-first distribution, repeat demand and TikTok-led discovery, alongside direct-to-consumer expansion to strengthen brand equity and margins.
The move also aligns with growing EU–India trade engagement, supporting long-term sourcing and cross-border supply chains.
Brands
TechnoSport taps quick commerce with launch on Slikk’s 60-minute platform
NATIONAL: TechnoSport has launched on Slikk, the ultra-fast fashion app offering 60-minute delivery, as the activewear brand accelerates its push into quick commerce to capture Gen Z and young millennial shoppers.
The debut brings more than 150 high-performance styles to Slikk’s platform, with an average selling price of Rs 450, expanding TechnoSport’s reach across over 80 pin codes.
The partnership follows strong momentum for TechnoSport across Q-commerce channels, where the brand has recorded around 60 per cent volume growth over the past six months. The company expects quick commerce to contribute nearly 20 per cent of its revenue in the coming years as hyperlocal delivery gains scale.
Slikk, which recently raised $3.2 million in seed funding led by Lightspeed, has rapidly gained popularity among youth consumers seeking speed, trend relevance and impulse-led shopping experiences.
Activewear remains one of Slikk’s fastest-growing categories, driven by shoppers increasingly treating fitness-led fashion as an everyday essential. The platform has reported a 30-fold year-on-year increase in items sold, reflecting rising demand for performance wear that blends comfort with style.
TechnoSport chief executive officer Puspen Maity, said the collaboration would help the brand engage more closely with young consumers whose fashion choices are shaped by instant needs and lifestyle aspirations. He added that rapid delivery bridges the gap between intent and purchase, allowing shoppers to access activewear exactly when they want it.
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