MAM
Govind Shahi leaves Zee to join Heath Media Group
MUMBAI: Govind Shahi has joined Heath Media Group as a co-promoter in their existing business ventures.
Shahi brings with him over 15 years of experience in media and marketing and moves in from Zee Europe, where he served as the head for the last 2 and a half years.
In UK, Shahi has been credited for launching and spearheading some of Zee‘s key initiatives like the Zee Carnival, Zee Russia operations, Zee Cine Awards.
Said Heath Ventures chairman Bhaskar Majumdar, ” With changes in the macro media market and the changing profile of the audiences and how media is consumed, we want to develop an integrated business model across technology, new media, agency and sales for Indian brands and content to traverse the globe and talk to the diaspora globally.”
Heath Media Group is the media arm of Heath Ventures, a Dubai-based operating company. The aim of the Heath Media Group is to tap onto various opportunities within the media matrix and provide a right platform for enterprising media professionals and scale up the business.
Heath Media Group consists of Di5 Global (UK‘s foremost ethnic marketing agency with some of the biggest Indian and UK clients); TMS ( UK‘s leading sales house which represents Colors, IPL and other media properties); Media Nucleus (with offices in India and Middle East which offers technology solutions for delivery to broadcasters, operators and set-top box providers) and SED ( a newly formed digital agency specialising in social media with leading fashion and luxury brands).
Said co-founder Bala Iyer, “The addition of Govind into the team will help strengthen the business. Having built out in the UK, we are aggressively looking at other markets especially the US.”
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.
