Brands
Byju’s to dismiss 4,000 employees post CEO switch
Mumbai: One of India’s largest ed-tech startups, Byju’s, plans to give pink slips to about 4,000 employees, suggest media reports. This decision comes in light of the appointment of Arjun Mohan as the company’s new CEO for India.
As per this round of layoffs, senior executives will be under the radar; the firm is looking at cutting high expenses related to senior management.
Media reports bring out that there is a concern at Byju’s with regard to the cash flow, and this step will help resolve the same by the end of October.
Byju’s also plans to reduce the overlays between its online and offline staff and its staff in its regional sales offices. Instead of 19 regional offices, the company will now have offices only at four or five locations.
Mohan was roped in as the new India chief on 20 September. He is a former upGrad executive who had previously worked at Byju’s, and will be responsible for over 75 per cent of the company’s revenues. Though he joined Byju’s a month ago, he has been working with them in an informal capacity for a while.
Byju’s parent company Think & Learn Pvt. Ltd, excluding the subsidiaries, had over 19,000 employees, including contract staff, at the end of August. Post layoffs, this is expected to be reduced to 15,000.
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.
