MAM
OML Entertainment launches comedy festival – The Circuit
MUMBAI: – Comedy’s never been taken this seriously before. OML Entertainment Pvt Ltd, the creators of India’s decade-old and much-loved Happiest Music Festival- Bacardi NH7 Weekender, have announced the first edition of a massive comedy festival called The Circuit. From March 7-15, the festival will travel to Mumbai, Delhi and Bangalore.
The lineup for all three cities is out, with all shows for Delhi and Bangalore being live, and part of the Mumbai calendar of shows being out. With a mixture of smaller club shows and auditorium shows, the festival is designed to offer innovative and unique experiences to audiences who enjoy comedy with stand-up comedy in various forms – specially curated lineups, women’s showcases, LGBTQ shows, regional comedy with shows being released for Marathi and Malayalam shows as well as formats such as debates, quizzing, various comedy games and much more. The lineup features over 100 comedians from across the country – for a variety of shows both big and small, with interesting lineups sure to appeal to a wide range of people, including comedians like Aakash Gupta, Rohan Joshi, Radhika Vaz, Tanmay Bhat, Anu Menon, Saikiran, Urjita Wani, Zakir Khan and more.
After kicking off in Delhi and Bangalore on March 7-8, the festival will run in Mumbai from March 11-15. After a packed calendar of shows from March 11-14, the festival will conclude with a grand finale – The Festival Circuit – in Jio Garden on March 15. This event will see a series of different performances by a strong lineup of over 20 comedians, and will be an all day outdoor event with comedy fans getting a taste of various types and formats of comedy. With just one ticket, the audience can see 5 different shows at the grand finale of the festival.
“As OML, we've had the opportunity to work with some of the most talented comedians from around the country and abroad. The Circuit is our celebration of the versatility of the genre and the messages it can hold. It will not only bring together a diverse range of shows from comics to sketch troupes, debates and game formats – but also venues, partners and artists that make the landscape as vibrant as it is. We're proud to be working with curators who have pulled together a great lineup ranging from regional comedy to unique ideas such as roast battles and comedy tag team, making sure there's something for every comedy fan” said OML Entertainment CEO Gunjan Arya.
OML worked with specific comedy curators to program the festival who brought together new formats of comedy to give a varied experience across venues, comedian styles and cities to put together a festival that distinguishes The Circuit from other comedy events in the country. Rohan Desai said, “We are very excited to be curating this festival that will feature a wide variety of concept shows which will be a unique one-time experience. The jokes and performances you see in these shows will never be repeated again.” Shreemayee Das added, “A few of the concept shows will actually be happening in tournament style – like a cricket world cup. So it will be very interesting to follow the progress of different teams and see which comedians will win the finals.” Reuben Kaduskar said, “This was a very exciting opportunity, because I got the chance to collaborate with artists from all over the country, and from an audience perspective, it's perfect because they get to see some of the best talent all at one place. Other than the game shows, what's unique about this festival is that a lot of the comedians are doing their brand new one hour solo shows for the first time ever.”
Four different show types are on the cards to give different sorts of comedy experience to the . The Club Circuit will have intimate venues with curated programming. The Theatre Circuit will have bigger showcases with a diverse lineup of different comedians performing to bigger audiences. Circuit X shows will have exclusive showcases. The Festival Circuit will see an all day outdoor event at Jio Garden on March 15.
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.
