Brands
Lotus Chocolate turns up sweet results for FY ‘25
MUMBAI: Lotus Chocolate Co’s profits have soared, with the confectioner reporting a 240 per cent surge in annual profit to Rs 1,722.72 lakh for the financial year ended 31 March 2025.
The Hyderabad-based chocolate maker saw its revenue nearly treble to Rs 57,375.03 lakh, up from Rs 20,003.13 lakh in the previous year, according to the audited financial results approved by the company’s board on Monday.
The firm’s earnings per share jumped to Rs 13.42 from Rs 3.84 in the previous fiscal year, giving investors plenty to cheer about. The results suggest Lotus’s recipe for growth is hitting the sweet spot with consumers across India.
The company’s balance sheet reveals a substantial expansion in scale, with total assets ballooning to Rs 27,034.45 lakh from Rs 7,309.62 lakh. A significant portion of this growth appears in the company’s inventories, which jumped more than sevenfold to Rs 8,061.50 lakh, and trade receivables, which soared to Rs 13,308.49 lakh from Rs 2,689.51 lakh last year.
The chocolate maker has been on an aggressive expansion drive, with borrowings surging to Rs 14,837.71 lakh from Rs 528.80 lakh. This debt-fuelled growth strategy appears to be working, with the company’s equity rising to Rs 5,953.27 lakh from Rs 4,245.35 lakh.
The results incorporate the amalgamation of Soubhagya Confectionery Pvt Ltd, a wholly owned subsidiary that was merged with Lotus following approval from the National Company Law Tribunal in August 2024.
The final quarter results tell a different story. Despite Q4 revenue more than doubling to Rs 15,745.39 lakh compared to Rs 6,581.79 lakh in the same period last year, the company’s quarterly profit plummeted by 65 per cent to Rs 141.55 lakh from Rs 400.27 lakh.
This stark contrast between revenue growth and profit decline in Q4 appears to be driven by several factors. Cost of materials consumed surged 152 per cent to Rs 13,124.71 lakh, while finance costs skyrocketed to Rs 299.62 lakh from Rs 22 lakh. The company also saw its other expenses double to Rs 1,082.85 lakh.
Adding to the quarterly squeeze, Lotus faced a tax expense of Rs 51.12 lakh, compared to a tax benefit of Rs 251.25 lakh in the same quarter last year—a swing that further eroded the bottom line.
Despite a dip in performance in the final quarter, the overall annual figures suggest Lotus Chocolate is successfully unwrapping new growth opportunities in India’s increasingly sweet-toothed market.
Brands
Rohini Laya Venkateswaran named executive director at Gillette India
P&G veteran with two decades of experience steps into leadership role
NEW DELHI: Rohini Laya Venkateswaran has been appointed executive director at Gillette India Pvt. Ltd., bringing with her more than two decades of experience across sales, strategy and brand leadership within the consumer goods sector. In her new role, she will help steer the company’s strategic direction and growth while strengthening its footprint in the grooming and personal care category.
Venkateswaran joins the board after a long career at Procter & Gamble, where she spent nearly 21 years shaping sales strategy, building brands and driving market expansion across India and international markets.
Most recently, she served as chief sales officer for India at P&G. Prior to that, she was vice president and country manager for east gulf markets, overseeing operations in Kuwait, Oman, Bahrain and Qatar while also guiding sales strategy across the Gulf region, including the UAE.
Earlier in her career, she led sales strategy and planning for India while serving as marketing leader for brands such as Olay and Old Spice. During this stint, she focused on reshaping go-to-market channels and building awareness through digital, social and influencer-led campaigns to drive growth.
Her journey at P&G also included roles such as director sales strategy and planning leader India, associate director modern retail and ecommerce, regional manager for Delhi and Rajasthan, and several key account and trade marketing roles across the country. She also spent time in the United States working on the P&G Walmart international team, collaborating on global retail initiatives.
Venkateswaran holds an MBA in marketing from SP Jain Institute of Management and Research and a bachelor’s degree in mechanical engineering from RV College of Engineering.
With her mix of sales acumen, brand-building experience and global exposure, Venkateswaran’s appointment signals a sharpened focus on growth and market leadership for Gillette India.
