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Yes and Centum win big for powering youth dreams
MUMBAI: Talk about making a skill-ful impact! Yes Foundation and Centum Foundation have bagged the prestigious Mahatma Award for Partnership & Impact 2025 for their joint initiative, the Youth Empowerment for Security (YES) Programme, which is changing the lives of young Indians one skill at a time.
The initiative, focused on skilling and employability, has trained over 1,800 underserved youth across Madhya Pradesh, Punjab, Telangana, and Assam, with more than 30 per cent women participants. Over 1,250 of them have already found jobs in fast-growing sectors such as retail, BFSI, healthcare, and logistics.
The programme’s success comes at a time when women’s workforce participation in India is on the rise. Government data shows the female worker population ratio jumped from 30.2 per cent in June to 32 per cent in August 2025, signalling a strong push towards inclusion.
“This partnership is helping young people gain skills, confidence, and opportunities,” said Yes Bank president, CSR and CEO of Yes Foundation Garima Dutt. “It’s not just transforming lives but building a future of economic self-reliance and inclusive growth.”
Upgrad Enterprise CEO Srikanth Iyengar, which supports Centum Foundation through scalable skilling models, added, “Social impact doesn’t happen overnight. Together, we’re bridging the gap between aspiration and opportunity, especially for women and rural youth.”
Instituted by philanthropist Amit Sachdeva and supported by the Aditya Birla Group, the Mahatma Award celebrates organisations that embody Gandhian values of truth, inclusion, and social justice. Previous winners include icons such as Ratan Tata, Sudha Murthy, and Microsoft Philanthropy.
The recognition adds to Centum Foundation’s growing list of honours, including a recent Brandon Hall Gold Award for the same initiative, proving that when partnerships work with purpose, the impact speaks louder than words.
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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.
