MAM
MobiKwik promotes Anshuman Misra as chief product & technology officer
Mumbai: MobiKwik has promoted its senior vice president – product Anshuman Misra to the new position of chief product and technology officer. This new announcement will take place with immediate effect.
In his new role, Misra will be responsible for driving ‘product, design, engineering, infrastructure and security’ at the company.
“With this change, MobiKwik aims to build the best and most loved fintech product in India,” said the statement.
“The company has demonstrated exceptional revenue growth in the last few years on the back of BNPL & payments,” Misra said on his promotion. “With our technology first DNA, I am confident we will build a world-class stack to offer the full fintech suite on the MobiKwik app. I look forward to working with our immensely talented product and engineering teams and further hiring creative minds to drive user delight via constant innovation.”
Misra joined the fintech company in May 2021. Over his 18+ years of journey in the industry, he has worked with several companies including Hike Messenger, Microsoft, IBM, Quark, Spice etc.
MobiKwik CEO, co-founder and managing director Bipin Preet Singh appreciated Misra for his efforts at the company. “Anshuman has done phenomenal work in building product leadership for the business. He spearheaded the UX refresh of MobiKwik Zip, making it the most loved BNPL product. His zeal for continuous improvement has led to elevation in our core technology and infrastructure,” said Singh.
He further added, “Our next growth frontier is to become a digital bank for Bharat fulfilling all the financial needs of 500 million Indians. As we embark on this growth journey, Anshuman and his team will play a key role in translating our vision into reality.”
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.
