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Q3 revenue jumps 139 percent as losses narrow sharply

Q3 sales nearly 2.4x higher as losses narrow sharply, but auditors serve a side of caution.

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MUMBAI: While couples were swapping chocolates and roses, Wardwizard Foods and Beverages Limited was busy cooking up its own love story, this one in the boardroom. On 14 February 2026, the company announced its Q3 and nine-month results, and the top line was nothing short of delicious. Revenue from operations for the quarter ended 31 December 2025 jumped to Rs 11,664.72 lakh, a mouth-watering 139 per cent increase from Rs 4,875.71 lakh a year earlier. For the nine months, revenue surged to Rs 19,728.01 lakh from Rs 5,363.82 lakh almost 3.7 times higher.

The company’s big bite came from its newly prominent Food Commodities segment, which contributed Rs 10,608.28 lakh in the quarter alone. The older RTE, frozen, sauces & mayo business added Rs 966.38 lakh.

Losses, however, still left a slightly bitter aftertaste. The company reported a standalone net loss of Rs 60.24 lakh in Q3, a sharp improvement from Rs 371.65 lakh last year. For the nine months, the loss narrowed to Rs 167.80 lakh against Rs 1,436.38 lakh previously. Earnings per share stood at (Rs 0.02) for the quarter.

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The auditors, Mahesh Udhwani & Associates, gave a qualified opinion, flagging outstanding advances of Rs 760 lakh and certain trade receivables where no provision or expected credit loss has been made. They also noted they could not verify interest expense of Rs 243.52 lakh on a Rs 2,857.46 lakh borrowing from Indian Credit Co-operative Society, and highlighted missing internal audit reports and unbooked interest on another loan.

In other housekeeping news, the board noted the resignation of company secretary and compliance officer Bhoomi K Talati.

The board meeting, held from 8:30 pm to 10:20 pm on Valentine’s Day itself, approved the unaudited results after the Audit Committee’s recommendation.

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For a company that was once deep in the red, the massive revenue ramp-up signals a clear shift in flavour even if the final profitability dish is still simmering. Investors will be watching whether this Valentine’s treat turns into a lasting romance or remains a one-night revenue wonder.

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Brands

Beardo unveils new film for Godfather fragrance

Danish Pandor leads cinematic campaign spotlighting power and comeback narrative.

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MUMBAI: Power doesn’t always shout sometimes, it just walks back in and takes its seat. Beardo has rolled out a new campaign film for its flagship Godfather fragrance, bringing a cinematic lens to one of its most recognisable products. The film stars Danish Pandor, fresh off his portrayal of Uzair Baloch, and leans into a narrative built on quiet authority, tension, and a long-anticipated return.

Set in an abandoned den with an unclaimed throne, the film unfolds through whispers and restrained drama, culminating in a reveal that favours presence over proclamation. The storytelling mirrors the positioning of the Godfather fragrance itself, an enduring bestseller in the men’s grooming category, known for its bold, woody-spicy profile and appeal across age groups.

Rather than opting for a traditional feature-led approach, the brand leans into mood and mythology. Pandor’s performance anchors the film’s central idea of an anti-hero reclaiming control, aligning with the fragrance’s identity as a symbol of dominance and self-assured masculinity.

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Conceptualised by Beardo’s in-house team, the campaign has been released across Instagram and Youtube, reflecting a broader shift towards content that blurs the line between advertising and entertainment particularly for digital-first audiences.

The fragrance itself blends mint, lemon, geranium, vetiver, and musk, designed to be long-lasting and versatile. But the campaign makes it clear: this isn’t just about scent notes, it’s about signalling presence.

In a category crowded with claims, Beardo’s latest play doesn’t try to be louder. It simply leans into the idea that the real ‘OG’ doesn’t announce itself, it’s felt.

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