Brands
Tata Motors returns to profit in Q3 despite exceptional charges
MUMBAI: After a quarter that put the brakes on, Tata Motors hit the accelerator again albeit with a few costly speed bumps. Tata Motors Limited reported a standalone net profit of Rs 561 crore for the quarter ended December 31, 2025, swinging back into the black from a loss of Rs 1,021 crore in the September quarter, even as hefty one-off charges continued to cloud the road ahead.
Revenue from operations rose sharply to Rs 20,404 crore in Q3, up from Rs 16,861 crore in the preceding quarter and Rs 17,040 crore a year ago, reflecting stronger volumes and operating momentum. Total income for the quarter stood at Rs 20,676 crore.
The turnaround, however, came with caveats. Exceptional losses of Rs 1,545 crore largely linked to impairment provisions, stamp duty charges and the statutory impact of new Labour Codes dragged profit before tax down to Rs 773 crore, compared with Rs 1,603 crore in the year-ago quarter. After tax, profit settled at Rs 561 crore.
For the nine months ended December 31, 2025, Tata Motors posted a standalone profit of Rs 956 crore on revenues of Rs 52,947 crore, a marked improvement from the same period last year, when profit stood at Rs 2,060 crore on revenues of Rs 32,558 crore, reflecting the impact of restructuring and the demerger process.
Operating metrics showed steady traction. The operating margin for the quarter was 13.45 per cent, broadly in line with historical levels, while net profit margin remained slim at 2.75 per cent, underscoring the pressure from exceptional items and higher costs. Earnings per share for Q3 came in at Rs 1.52, compared with a loss of Rs 2.77 in Q2.
The company’s balance sheet strengthened post-demerger, with net worth at Rs 11,003 crore and a debt-equity ratio of 0.29 times, sharply lower than last year. Inventory and debtor turnover ratios also improved, signalling tighter working capital management.
In short, Tata Motors’ standalone numbers tell a familiar story, demand and revenues are doing the heavy lifting, but extraordinary charges are still riding shotgun. The direction of travel looks positive, the ride, for now, remains a little uneven.
Brands
Malaika Arora launches Maejoy accessories brand with Myntra partnership
New label debuts with 250 plus handbags and lab grown diamond jewellery.
MUMBAI: When style meets sparkle, a new brand is ready to take centre stage. Actor and entrepreneur Malaika Arora has launched a lifestyle accessories label called Maejoy, developed in collaboration with Exceed Entertainment and Myntra Jabong India Private Limited (MJIPL), the B2B wholesale arm of Myntra. The brand enters the market with a debut collection of more than 250 styles spanning handbags and lab grown diamond jewellery, two categories that continue to define everyday personal style for modern consumers.
The handbag lineup includes crossbody bags, structured shoulder bags, bucket bags, totes, backpacks, clutches and workwear inspired designs. The pieces are crafted using materials such as synthetic leather, raffia, braids, satin, rhinestones and metallic finishes.
Alongside the bags, Maejoy has introduced a jewellery range featuring lab grown diamond rings, earrings, pendants, bracelets and tennis bracelets. The pieces are set in 925 sterling silver bases with gold, silver and rose gold tones, and include diamonds certified by IGI and GCI.
Positioned as a premium yet accessible accessories label, Maejoy is built around the philosophy “The Joy of Being Me”, aiming to blend aspirational fashion with everyday usability. The brand’s positioning centres on three pillars: authenticity, empowerment and accessibility.
Arora described the venture as a natural extension of her long association with fashion and personal style.
“Maejoy is a labour of love. Throughout my career, whether on screen, in business or through personal style, I have always believed fashion should feel empowering yet effortless. The Joy of Being Me celebrates individuality while making global fashion trends more accessible,” she said.
MJIPL, CXO and head of house of brands Suman Saha said the brand brings together Arora’s style perspective with a strong opportunity in the accessible premium accessories segment.
“Maejoy combines Malaika Arora’s distinctive style sensibility with fashion forward designs that we believe will resonate strongly with consumers looking for elevated yet wearable accessories,” he said.
Exceed Entertainment CEO Afsar Zaidi added that building celebrity led brands requires balancing authenticity with market viability.
“Malaika commands respect both as a fashion icon and a businesswoman. Bringing her creative vision together with Myntra’s brand building expertise creates a strong foundation for Maejoy,” he said.
The collection is available exclusively on Myntra through its website and mobile app, making the brand accessible to millions of shoppers across India as it steps into the competitive lifestyle accessories space.
