Brands
Bombay Dyeing threads profit through tough quarter
Q3 net at Rs 1.83 crore on Rs 324.02 crore revenue.
MUMBAI: The fabric may have thinned, but the stitch still holds. The Bombay Dyeing and Manufacturing Company Ltd reported a standalone net profit of Rs 1.83 crore for the quarter ended December 31, 2025, a sharp turnaround from a loss of Rs 9.92 crore in the preceding September quarter. However, profit remained below the Rs 70 crore clocked in the corresponding quarter last year.
Revenue from operations for the December quarter stood at Rs 324.02 crore, compared with Rs 362.63 crore in the September quarter and Rs 414.81 crore a year earlier. Including other income of Rs 26.60 crore, total income came in at Rs 350.62 crore, down from Rs 453.62 crore in the year ago period.
For the nine months ended December 31, 2025, revenue from operations stood at Rs 1,064.49 crore against Rs 1,246.41 crore in the previous year. Net profit for the nine month period rose to Rs 5.67 crore, compared with Rs 478.35 crore in the corresponding period last year, reflecting the absence of large exceptional gains seen earlier.
The quarter’s profit before tax stood at Rs 3.02 crore for the nine month period and Rs 588 crore for the comparable nine month period last year, driven by exceptional items of Rs 552.70 crore in FY25. In the December quarter this year, exceptional items were marginal at negative Rs 0.90 crore, compared with Rs 50.71 crore in the year ago quarter.
Total expenses for the December quarter were Rs 362.43 crore. Cost of materials consumed stood at Rs 204.10 crore, while other expenses were Rs 73.91 crore. Finance costs were contained at Rs 2.62 crore, down from Rs 3.61 crore in the September quarter and Rs 3.30 crore a year earlier.
Segment wise, the Polyester business remained the mainstay, contributing Rs 305.93 crore in quarterly revenue, compared with Rs 395.99 crore a year ago. Retail and Textile delivered Rs 14.83 crore, while Real Estate revenue was negligible in the quarter, against Rs 3.15 crore in the corresponding period last year.
Segment results before tax and finance costs showed Polyester reporting a loss of Rs 26.34 crore in the quarter, versus a profit of Rs 22.47 crore last year. Retail and Textile posted a profit of Rs 2.94 crore, while Real Estate recorded a loss of Rs 5.05 crore.
On a consolidated basis, the numbers mirrored the standalone performance. Consolidated net profit for the quarter stood at Rs 1.92 crore, against a loss of Rs 9.85 crore in the preceding quarter and a profit of Rs 70.06 crore a year ago.
Other comprehensive income for the quarter was Rs 22.53 crore, largely due to fair value changes in equity investments. Total comprehensive income for the period stood at Rs 12.61 crore on a standalone basis and Rs 12.68 crore on a consolidated basis.
As of December 31, 2025, total segment assets were Rs 2,894.42 crore on a standalone basis, with net capital employed at Rs 2,348.98 crore. Paid up equity share capital remained at Rs 41.31 crore, with earnings per share for the quarter at Rs 0.09, compared with Rs 3.39 in the corresponding quarter last year.
With revenue under pressure and polyester margins fluctuating, Bombay Dyeing’s latest numbers reflect a business navigating cyclical headwinds. The profit may be modest, but after the previous quarter’s loss, the company has at least managed to keep its weave intact.
Brands
Mars appoints Manish Syag as managing director for pet nutrition in India
FMCG veteran takes charge as managing director amid booming $2 billion market opportunity
DELHI: Mars Incorporated has elevated Manish Syag to managing director of its pet nutrition business in India, betting on two decades of FMCG expertise to capture a market poised for explosive growth.
Syag, who brings senior leadership experience from Hindustan Unilever and GSK Consumer Healthcare, joined Mars in 2024 as chief sales officer. He succeeds Salil Murthy, who has been promoted to global vice-president of enterprise transformation at Mars Pet Nutrition and will be based at the company’s London headquarters.
The appointment comes as India’s pet care market stands at what Syag calls “a defining moment”. The sector is projected to double to $7 billion in sales by 2028, up from $3.5 billion last year, according to Redseer Strategy Consultants. The number of pets in Indian households rose to 32 million in 2024 from 26 million in 2019.
“India is at a defining moment for the pet food market, which is expected to grow into a $2 billion category in a decade, evolving much as mainstream FMCG did in its early growth years, driven by access, awareness and trust,” Syag said.
Mars, which makes Pedigree, Whiskas and Sheba pet food brands, has been in India since 2002 and set up its first manufacturing facility five years later. The parent company’s other brands in chocolate and snacks include M&M’s, Snickers, Pringles and Cheez-It.
Large players in India’s pet care space include Mars, Nestlé, Heads Up For Tails and Drools. Reliance entered the category late last year, signalling growing corporate interest in a market that’s barely scratched the surface. With India’s rising pet ownership and premiumisation trends, the battle for bowls is only just beginning.
