Brands
Vadilal Dairy churns out sweet profit in Q1 as sales stay creamy
MUMBAI: Vadilal Dairy International is scooping up profits again and this time, the flavour is decidedly sweet. The ice cream and dairy products maker posted a net profit of Rs 29.91 lakh for the quarter ended 30 June 2025, a sharp drop from Rs 119.08 lakh in the previous quarter but a turnaround from the Rs 88.87 lakh loss in the same period last year.
Revenue from operations came in at Rs 1,139.47 lakh, up from Rs 1,088.07 lakh a year ago, with total income at Rs 1,139.48 lakh. Costs, however, took a generous bite out of margins total expenses rose to Rs 1,112.08 lakh, led by Rs 563.31 lakh in raw material costs, Rs 87.55 lakh in employee benefits, Rs 69.99 lakh in finance costs, and Rs 41.19 lakh in depreciation. Other expenses, including marketing and distribution, stood at Rs 371.11 lakh.
Profit before tax for the quarter stood at Rs 27.40 lakh, compared with Rs 63.66 lakh in Q1 FY25 and Rs 148.37 lakh in Q4 FY25. Deferred tax expense for the quarter was Rs 2.51 lakh. Earnings per share came in at Rs 0.92 basic (Rs 0.94 diluted), versus Rs 1.50 in the same quarter last year.
The company also reported a total comprehensive income of Rs 30.23 lakh for the quarter, underscoring a steady if modest performance amid rising input costs and competitive pressures in the FMCG sector.
For shareholders, it may not be a record-breaking summer, but Vadilal’s Q1 still managed to keep the books in the black proof that even in a crowded market, a well-served scoop can still sweeten the bottom line.
Brands
OnePlus exit rumours return as India head Robin Liu steps down
Leadership shift sparks fresh questions, but brand insists India plans stay on track
MUMBAI: Talk of OnePlus pulling the plug has resurfaced after the company confirmed that its India head, Robin Liu, has stepped down. The timing has raised eyebrows, especially as India remains one of the brand’s most crucial markets.
In a brief statement, the company acknowledged the exit, saying, “We thank Robin for his contributions to OnePlus India. He moves on to pursue his personal passions, and we wish him the very best for his future endeavours.” It added that operations in India would continue with business continuity intact.
However, a report by The Economic Times suggests the move may be part of a deeper organisational reset. According to the report, Liu was recently asked to report to Sky Li, who has taken on a broader role within the OPPO group, overseeing sub-brands including OnePlus.
The shift marks a notable change in hierarchy. Liu and Li previously operated as peers, each independently running their respective brands. That structure now appears to have been streamlined under a more centralised leadership model.
The development also contrasts with Liu’s earlier stance. In January, OnePlus India CEO Robin Liu publicly dismissed shutdown rumours, stating the company was “operating as usual” and would continue to do so. The brand had also issued a clarification at the time, calling such reports false and urging stakeholders to rely on verified information.
Market data, however, paints a more challenging picture. Shipments in India have declined sharply, with Cybermedia Research reporting a 32 per cent drop in 2025, while International Data Corporation pegged the year-on-year fall at 38.8 per cent. The slowdown highlights increasing pressure in an intensely competitive smartphone market.
Despite the noise, there is little to suggest an immediate exit. The company is gearing up to launch the OnePlus Nord 6 in April, signalling continued activity in the near term. At the same time, OPPO Chief Product Officer Pete Lau confirmed plans for a global launch of the Find X9 Ultra, hinting at a broader realignment of brand roles within the group.
For consumers in India, the message remains steady for now. Devices are coming, operations continue, and support is unlikely to disappear overnight. Still, the leadership reshuffle and shifting hierarchy suggest something more nuanced than business as usual.
The takeaway is clear. OnePlus is not shutting down, but it is clearly reshaping its playbook. Whether this recalibration sharpens its edge or further blurs its identity in a crowded market is the question that now lingers.
