Brands
Jonty Rhodes dives into startup TV arena
MUMBAI: From diving for catches to diving into deals, Jonty Rhodes is set to make a different kind of pitch, this time, on Indian television. The legendary South African cricketer and global sports icon will appear on Ideabaaz, India’s first media-integrated startup reality show, airing November 8 at 6:30 pm and 11 pm on Zee TV and Zee5.
In a never-before-seen avatar, Rhodes joins UpUrFit co-founders Munish Vig and Vikram Gunjal to pitch their sports wellness brand to the Titans, Ideabaaz’s panel of investors. The show, conceptualised by Jeet Wagh and Sagoon Wagh, is designed to democratise startup funding by bringing entrepreneurs from across India, especially from tier II and III cities, face-to-face with investors, all within a high-energy television format.
UpUrFit, co-founded in 2023, is fast carving out its space in India’s USD 40 billion sports wellness market. With a focus on performance, recovery, and hygiene products made from clean, effective ingredients, the brand is backed by Rhodes himself. Currently, it is raising a USD 0.5 million funding round, already 50 per cent subscribed, with participation from the IIM Calcutta syndicate and other major investors. As of October, the brand boasts an ARR of Rs 40 million and a 50 per cent QoQ growth rate.
Sharing his excitement, Rhodes said, “Pitching on Ideabaaz was a whole new ballgame for me. Usually, I’m diving for catches, not catching investors’ attention. It was exciting to share UpUrFit’s vision on a platform that celebrates innovation and passion. As an athlete and entrepreneur, I’ve always believed in fitness that’s real and relatable, and that’s exactly what UpUrFit stands for.”
Of course, the ever-energetic Rhodes couldn’t resist adding a bit of his signature flair, showing off some fielding magic on set, much to the delight of the Titans and the audience. The episode promises a blend of business, banter, and boundless energy, as Jonty and the UpUrFit team bring the spirit of sport to the startup arena.
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.
