Brands
BigBasket appoints Google Pay’s Arpit Jaiswal as chief growth officer
The Google Pay veteran will lead product, user acquisition and market expansion at the Tata-backed grocer
BENGALURU: BigBasket is not done building. The Tata-backed online grocery and quick commerce platform has appointed Arpit Jaiswal as its chief growth officer, bringing in a seasoned hand from the world of fintech to sharpen its edge in one of India’s most fiercely contested consumer markets.
Jaiswal arrives from Google Pay, where as head of growth and group product manager he oversaw large-scale user acquisition through partnerships and AI-led interventions, managed OpEx discipline and P&L optimisation for India operations, and helped shape product strategy around rewards-led growth and unit economics. He is an alumnus of the Indian Institute of Management Ahmedabad.
At BigBasket, he will take charge of growth across product, user acquisition, retention and market expansion, working across teams to deepen customer engagement, drive monetisation efficiency and extend the platform’s reach into both urban and emerging markets.
Hari Menon, founder and chief executive of BigBasket, made no attempt to undersell the moment. “As the market evolves, the ability to drive sustainable, high-quality growth becomes critical,” he said. “Arpit’s deep experience in scaling consumer platforms with a strong focus on efficiency and innovation will be instrumental as we continue to strengthen our market position.”
Jaiswal, for his part, sounded ready. “BigBasket has built a strong and trusted platform in a category that is becoming increasingly integral to everyday life,” he said. “I look forward to working with the team to unlock the next wave of customer value, scale, and operational excellence.”
The quick commerce space in India is moving fast and getting crowded. BigBasket is making clear it intends to move faster.
Brands
Bajaj Consumer Care FY26 profit rises to Rs 193.7 crore
Revenue climbs to Rs 1,092 crore as profit grows 49 per cent YoY
MUMBAI: Hair today, growth tomorrow Bajaj Consumer Care Limited seems to have found its shine again, posting a sharp jump in profitability even as it doubled down on brand spends and expansion. The company reported a net profit of Rs 193.7 crore for FY26, marking a strong 49 per cent rise from Rs 130.1 crore in FY25. Revenue from operations also grew to Rs 1,092.2 crore, up from Rs 942.8 crore a year earlier, signalling steady demand momentum across its portfolio.
For the March quarter, profit stood at Rs 64.1 crore, compared to Rs 31.5 crore in the corresponding period last year, while revenue rose to Rs 308.3 crore from Rs 243.5 crore.
The performance came despite a notable increase in spending. Advertising and sales promotion expenses climbed to Rs 168.3 crore in FY26, up from Rs 137.8 crore in FY25, reflecting continued investment in brand building. Other expenses also rose to Rs 151.3 crore from Rs 134.2 crore, indicating a broader push towards growth.
Operating efficiency, however, held firm. Profit before tax increased to Rs 234.8 crore in FY26 from Rs 157.7 crore a year earlier, supported by disciplined cost management across materials and inventory.
On the balance sheet, the company’s total assets expanded to Rs 959.1 crore as of March 31, 2026, compared to Rs 931.9 crore a year earlier. Other equity rose to Rs 780.3 crore, reinforcing a stronger financial base.
Cash flow from operations saw a significant uptick, reaching Rs 196.9 crore in FY26, nearly three times the Rs 67.9 crore recorded in FY25, highlighting improved working capital management.
However, the year also saw aggressive capital allocation. The company spent Rs 190.2 crore on share buybacks, contributing to a net cash outflow of Rs 196.5 crore from financing activities. Cash and cash equivalents stood at Rs 6.8 crore at the end of the year, down from Rs 25.6 crore.
Even as investments in subsidiaries and assets continued, the numbers suggest a company balancing growth ambitions with shareholder returns keeping one eye on expansion and the other on efficiency.
With margins improving and revenue steadily climbing, Bajaj Consumer Care appears to be combing through the competition with renewed confidence.
