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Canara Bank names Sunil Kumar Chugh as executive director
Bengaluru: Canara Bank has added fresh strength to its top deck with the appointment of Sunil Kumar Chugh as its new executive director. The appointment, effective from 24 November 2025, marks a three year tenure for the seasoned banker.
Chugh steps into the role after serving as chief general manager at Punjab National Bank, where he spent more than thirty years shaping key pillars of modern banking. From digital transformation to retail momentum and corporate strategy, his fingerprints can be found across several of PNB’s major initiatives.
His earlier years included leading large corporate branches in Kolkata, Ahmedabad and Mumbai during his time with the erstwhile Oriental Bank of Commerce. He also worked across important functions at the corporate office and multiple controlling offices, gaining a wide view of the banking landscape.
Chugh’s expertise spans corporate credit, foreign exchange, recovery and resolution of stressed assets and credit monitoring. This breadth of experience has strengthened his reputation for clear headed decision making and steady leadership.
In a statement welcoming the appointment, Canara Bank noted that his strategic vision and proven track record will reinforce the bank’s leadership team and support its plans for sustained growth.
For the bank, it is a leadership move that signals confidence. For Chugh, it is the start of a new chapter at one of India’s oldest and most trusted financial institutions.
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Bajaj Consumer Care FY26 profit rises to Rs 193.7 crore
Revenue climbs to Rs 1,092 crore as profit grows 49 per cent YoY
MUMBAI: Hair today, growth tomorrow Bajaj Consumer Care Limited seems to have found its shine again, posting a sharp jump in profitability even as it doubled down on brand spends and expansion. The company reported a net profit of Rs 193.7 crore for FY26, marking a strong 49 per cent rise from Rs 130.1 crore in FY25. Revenue from operations also grew to Rs 1,092.2 crore, up from Rs 942.8 crore a year earlier, signalling steady demand momentum across its portfolio.
For the March quarter, profit stood at Rs 64.1 crore, compared to Rs 31.5 crore in the corresponding period last year, while revenue rose to Rs 308.3 crore from Rs 243.5 crore.
The performance came despite a notable increase in spending. Advertising and sales promotion expenses climbed to Rs 168.3 crore in FY26, up from Rs 137.8 crore in FY25, reflecting continued investment in brand building. Other expenses also rose to Rs 151.3 crore from Rs 134.2 crore, indicating a broader push towards growth.
Operating efficiency, however, held firm. Profit before tax increased to Rs 234.8 crore in FY26 from Rs 157.7 crore a year earlier, supported by disciplined cost management across materials and inventory.
On the balance sheet, the company’s total assets expanded to Rs 959.1 crore as of March 31, 2026, compared to Rs 931.9 crore a year earlier. Other equity rose to Rs 780.3 crore, reinforcing a stronger financial base.
Cash flow from operations saw a significant uptick, reaching Rs 196.9 crore in FY26, nearly three times the Rs 67.9 crore recorded in FY25, highlighting improved working capital management.
However, the year also saw aggressive capital allocation. The company spent Rs 190.2 crore on share buybacks, contributing to a net cash outflow of Rs 196.5 crore from financing activities. Cash and cash equivalents stood at Rs 6.8 crore at the end of the year, down from Rs 25.6 crore.
Even as investments in subsidiaries and assets continued, the numbers suggest a company balancing growth ambitions with shareholder returns keeping one eye on expansion and the other on efficiency.
With margins improving and revenue steadily climbing, Bajaj Consumer Care appears to be combing through the competition with renewed confidence.
