MAM
Truecaller elevates Rishit Jhunjhunwala to managing director
NEW DELHI: Caller ID app Truecaller has elevated chief product officer Rishit Jhunjhunwala to managing director, with immediate effect. The firm’s co-founder & CEO Alan Mamedi made the announcement via a post on professional networking site LinkedIn.
“I'm thrilled and proud to announce that Rishit Jhunjhunwala is taking on the role as our managing director, where he'll drive and inspire our fantastic team in India. Looking forward to 6+ more years buddy (sic),” Mamedi wrote.
Jhunjhunwala joined Truecaller in March 2015 as vice president – product. In June 2020, he was made chief product officer. During his tenure at the company, he has led app redesigns and helped develop features like spam activity indicator, call reason, schedule SMS and SMS translate, to name a few.
Prior to Truecaller, Jhunjhunwala co-founded the email service CloudMagic. He also had stints at July Systems and Verity Technologies.
Brands
Prataap Snacks posts Rs 1.14 crore Q4 profit, EBITDA up 319 per cent
Yellow Diamond maker posts turnaround with Rs 1.14 crore profit, 10 per cent dividend proposed
NEW DELHI: Prataap Snacks Limited has staged a sharp turnaround in the fourth quarter of FY26, reporting a 319 per cent surge in operating EBITDA and a return to profitability after a challenging previous year.
The Indore-based company, known for brands such as Yellow Diamond and Avadh, posted income from operations of Rs 420.18 crore for Q4 FY26, marking a 5 per cent year-on-year rise. Operating EBITDA climbed to Rs 20.59 crore, while margins stood at 4.9 per cent.
Most notably, the company reported a profit after tax of Rs 1.14 crore for the quarter, reversing a loss of Rs 11.94 crore in the same period last year. Diluted earnings per share improved to Rs 0.48 from a negative Rs 5.00 earlier, signalling a steady recovery in performance.
For the full financial year, consolidated income rose 1 per cent to Rs 1,724.65 crore. Annual operating EBITDA grew 68 per cent to Rs 81.81 crore, while the company posted a net profit of Rs 9.72 crore, compared to a loss of Rs 34.27 crore in FY25.
Reflecting this improved performance, the board has recommended a dividend of 10 per cent, equivalent to Rs 0.50 per share on a face value of Rs 5.
Prataap Snacks Limited managing director Amit Kumat said the recovery was driven by sharper execution and data-led decision-making, including the use of Sales Force Automation analytics. The company also expanded its distribution network to over 5,000 distributors and strengthened its presence on quick commerce platforms.
Looking ahead, the company expects double-digit revenue growth in FY27, though it remains cautious about inflationary pressures on key inputs such as packaging materials and edible oil. Management plans to offset these through tighter cost controls and calibrated pricing strategies.
With profitability back on track and operations stabilising, Prataap Snacks appears to be regaining its footing in an increasingly competitive packaged foods market.
