MAM
Industry veteran Jim Hamilton appointed as new OmniActive CEO
MUMBAI: OmniActive Health Technologies MD Sanjaya Mariwala announced that OmniActive’s board of directors has named Jim Hamilton as its new global CEO. The appointment becomes effective on 1 June and Hamilton will be based in the US.
For the past 15 years, OmniActive, with its mission of improving lives through enhancing nutrition, has grown under the leadership of its founder, Sanjaya Mariwala, who becomes executive chairman.
Hamilton has spent over 35 years in the nutrition products industry, serving in a wide range of executive positions. Most recently, he served as president and CEO of Neptune Wellness Solutions, where, during his five-year tenure, he planned and delivered a significant turnaround of the business through acquisitions and timely divestures. Prior to this, he was a member of DSM Nutritional Products Human Nutrition’s global business management team holding responsibility of its North American operations.
Mariwala commented, "I’m delighted to announce Jim’s appointment and believe that he’s the right leader for OmniActive for our next phase of growth. He has a proven track record of successfully driving businesses forward and positioning them for success."
"I’m excited to join OmniActive, a company with an impressive history and an exceptionally bright future. I’ve known OmniActive for many years and have great respect for what it has accomplished, it’s fantastic products, deep relationships with its customers and its great team. It is uniquely positioned for success in an industry that provides great health and wellbeing benefits and whose role has never been more important than now," shared Hamilton.
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.
