Brands
Chhota Bheem leaps from screen to snack bar
HYDERABAD: India’s most popular animated character is hoping to strike gold by jumping off the telly and into the kitchen. Green Gold Animation, creator of Chhota Bheem, has partnered with EBG Group to launch India’s first Chhota Bheem-themed cafes—a Rs 200 crore bet that children’s entertainment can translate into family dining gold.
The first two outlets will open in Hyderabad’s Hitech City by December 2025, with an ambitious rollout of 50 cafes planned for 2026 and 300 across India thereafter. The venture could eventually expand globally, say the partners.
The cafes will come in two formats: a compact 25 x 40 ft express model and a larger 50 x 40 ft full-scale version. Franchise partners will stump up the capital whilst EBG manages operations, branding and training under a company-owned, company-operated model. The expansion is expected to create over 250 jobs, from chefs to merchandising staff.
Far from being mere eateries, these venues promise interactive play zones, storytelling corners, licensed merchandise and activities featuring Chhota Bheem, Chutki, Mighty Raju and other characters from Green Gold’s stable. The aim is to create what the partners call a “360-degree family entertainment ecosystem” where dining meets play.
Green Gold Animation founder & chief executive Rajiv Chilaka said: “Over the last 17 years, Chhota Bheem has grown beyond being just an animated character to becoming a cultural phenomenon loved by millions of children and families across India and beyond. This partnership allows us to extend this universe into a unique, real-world experience.”
Added EBG group founder & chief executive Irfan Khan: “This is not just about food, but about creating joyful experiences that families will cherish.”
Green Gold Animation, founded in 2001, has produced over 30,000 minutes of content across television, film and digital platforms. Its shows reach viewers in more than 100 countries through partnerships with Netflix, Amazon Prime Video and Warner Bros Discovery. EBG Group is a multi-sector conglomerate spanning mobility, health, property, lifestyle, food, services, technology and education.
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.
