MAM
Microsoft names Asha Sharma CEO of Gaming division
Nadella appoints AI exec to lead Xbox after Phil Spencer’s retirement; 500 million MAUs mark new era from 20 February 2026.
MUMBAI: Xbox just levelled up its leadership and this time the boss comes with an AI cheat code. On 20 February 2026, Microsoft CEO Satya Nadella announced Asha Sharma as the new executive vice president and CEO of Microsoft Gaming, overseeing the Xbox empire from Redmond, Washington. She steps into the role after Phil Spencer, who led the division since 2014, announced his retirement. The move follows the earlier departure of Xbox president Sarah Bond.
Nadella, writing on the Microsoft Corporate blog said, “I am long on gaming and its role at the center of our consumer ambition… Asha has helped build and scale services that reach billions of people and support thriving consumer and developer ecosystems.” He highlighted Sharma’s track record scaling platforms at global level from her time as chief operating officer at Instacart and vice president at Meta Platforms to her recent stint as president of Microsoft’s CoreAI product division since joining in 2024.
Sharma, a Carlson School of Management graduate with a BSc in Business, has held product leadership roles at Meta, board seats at Home Depot and Coupang, and worked on AI initiatives like Foundry, a platform embedding AI models into third-party apps. She described gaming as “a fusion of art and technology, empowering creators worldwide to push the boundaries of hardware and software.”
Microsoft Gaming boasts more than 500 million monthly active users, cementing its spot as one of the world’s top platforms. This autumn marks the 25th anniversary of the division (the original Xbox launched in 2001), a milestone Sharma will steer alongside renewed AI-driven innovation.
Matt Booty, head of Microsoft’s gaming studios, will report to Sharma as executive vice president and chief content officer. Nadella praised the duo for blending consumer product savvy with deep gaming expertise to fuel platform advances and content pipelines.
Industry eyes are fixed on how Xbox consoles fare against Sony and Nintendo amid fierce competition. Whether Sharma’s AI background sparks a new golden age for Xbox or simply keeps the lights on remains the big boss-level question but one thing’s clear, the next chapter of gaming at Microsoft just got a fresh player with serious strategic depth.
Brands
Kwality Wall’s reports standalone losses following strategic HUL demerger
Ice cream major faces Rs 64 crore Ebitda loss amid commodity inflation and muted Q3 sales
MUMBAI: Kwality Wall’s (India) Limited (KWIL) has released its first set of financial results as a standalone entity, revealing a challenging start to its independent journey. Following its successful demerger from Hindustan Unilever Limited (HUL) on 1st December 2025 and its subsequent listing on 16th February 2026, the company is navigating a transition period marked by structural changes and high input costs.
For the quarter ended 31st December 2025, the company reported revenue of Rs 222 crores. Despite the revenue base, the bottom line was impacted by several factors, resulting in an Ebitda loss of Rs 64.2 crores. When calculated on a Pre-IND AS 116 basis, the Ebitda loss stood at Rs 83.8 crores.
Organic Sales Growth (OSG) declined by 6.5 per cent year-on-year during the quarter. Volume growth, however, saw a marginal increase of 1.2 per cent. The company reported a gross margin of 41.5 per cent. Additionally, exceptional expenses amounting to Rs 94 crores were recorded, primarily linked to non-recurring costs during the transition phase.
Performance across portfolios and channels was mixed. Within the impulse portfolio, brands such as Magnum and Cornetto recorded mid-single digit volume growth, indicating steady demand in on-the-go consumption. However, the in-home portfolio, which includes take-home packs, experienced muted consumption. The company is planning a relaunch of this category with improved offerings ahead of the 2026 season.
Quick commerce (Q-Com) continued to emerge as a strong growth driver, delivering robust double-digit growth during the quarter. Meanwhile, the company also expanded its physical distribution network by increasing the number of company-owned cabinets across markets.
Margin pressure during the quarter was driven by a combination of one-off factors and broader cost inflation. Gross margins were impacted by around 600 basis points due to trade investments made for stock liquidation. Additionally, cocoa price inflation contributed to another 400 basis points of pressure on margins.
Deputy managing director Chitrank Goel attributed the muted performance partly to prolonged monsoons and transitional challenges linked to the GST framework. Operating expenses also increased as the company invested in establishing its standalone supply chain, operational systems and corporate infrastructure following the demerger.
Looking ahead, the management remains focused on a volume-driven growth strategy. To restore profitability, the company has initiated a cost productivity programme aimed at reducing non-consumer-facing costs. It is also working on building regional manufacturing networks to optimise logistics expenses and improve operational efficiency.
The commodity outlook for the near term remains mixed. Dairy prices are expected to remain firm due to tight supply conditions and rising fodder costs. Sugar prices may also move higher following increases in the Minimum Selling Price (MSP). While cocoa prices have moderated recently, currency depreciation has offset some of the potential cost relief for the company.
