Brands
Krishival Foods’ Q3 profit jumps to Rs 6.41 crore
Revenue rises to Rs 76.86 crore as margins expand to 15.01 per cent
MUMBAI: Krishival Foods Limited has posted a sharp jump in revenue and profits for the quarter ended 31 December 2025, as festive demand, operating leverage and an unexpected winter surge in ice cream sales lifted margins.
The Mumbai-based FMCG company reported unaudited revenue of Rs 76.86 crore for the third quarter, up 40 per cent year on year. Ebitda rose 263 per cent to Rs 11.54 crore, with margins expanding to 15.01 per cent. Net profit climbed to Rs 6.41 crore from Rs 0.05 crore a year earlier.
For the nine months ended December, total revenue reached Rs 197.57 crore, nearing the Rs 202 crore reported for the full previous financial year.
The standout performer was Melt N Mellow, the company’s ice cream business, which turned profitable at the Pat level for the first time despite the winter season. Quarterly revenue more than doubled to Rs 21.01 crore, while Pat swung to a profit of Rs 0.58 crore from a loss of Rs 2.33 crore a year ago.
The core Krishival Nuts business continued to anchor growth, buoyed by festive and wedding-season demand. Quarterly revenue rose 14.7 per cent to Rs 54.82 crore, while nine-month revenue increased 22 per cent to Rs 147.19 crore. Segment Pat for the quarter surged 146 per cent to Rs 5.88 crore.
To fund expansion, the company recently closed a Rs 9,999.48 lakh rights issue, offering 45 shares for every 301 held. Proceeds will be used to set up a new processing facility in Kolhapur, Maharashtra, aimed at quadrupling daily nut processing capacity from 10 metric tonnes to 40 metric tonnes over three years.
Krishival has also expanded its retail footprint, with more than 10,000 nut touchpoints across 110 cities, over 26,000 ice cream outlets, and nearly 9,900 deep freezers deployed across five states. Internationally, the company has entered Singapore, where it is present in more than 300 retail outlets.
Chairman Sujit Bangar described the period as a strategic inflection point, as the company scales its dual-brand portfolio positioned around premium-yet-accessible snacking.
Brands
Lululemon picks former Nike executive to be its next chief
Heidi O’Neill, who helped grow Nike into a $45 billion giant, will take the top job in September
CANADA: Lululemon has found its next chief executive, and she comes with serious credentials. The athleisure giant named Heidi O’Neill as its new CEO on Wednesday, ending a search that has left the company running on interim leadership since earlier this year. O’Neill will take charge on September 8, 2026, based out of Vancouver, and will join the board on the same day.
O’Neill brings more than three decades of experience across performance apparel, footwear and sport. The bulk of that time was spent at Nike, where she was a central figure in one of corporate sport’s great growth stories, helping take the company from a $9 billion business to a $45 billion global powerhouse. She oversaw product pipelines, brand strategy and consumer connections, and played a significant role in shaping how Nike spoke to athletes around the world. Earlier in her career, she worked in marketing for the Dockers brand at Levi Strauss. She also brings boardroom experience from Spotify Technology, Hyatt Hotels and Lithia and Driveway.
The board was unequivocal in its enthusiasm. “We selected Heidi because of the breadth of her experience, her demonstrated success delivering breakthrough ideas and initiatives at scale, and her ability to be a knowledgeable change and growth agent,” said Marti Morfitt, executive chair of Lululemon’s board.
O’Neill, for her part, was bullish. “Lululemon is an iconic brand with something rare: genuine guest love, a product ethos rooted in innovation, and a global platform still in the early stages of its potential,” she said. “My job will be to accelerate product breakthroughs, deepen the brand’s cultural relevance, and unlock growth in markets around the world.”
Until she arrives, Meghan Frank and André Maestrini will continue as interim co-CEOs, before returning to their previous senior leadership roles once O’Neill steps in.
Lululemon is betting that a Nike veteran who helped build one of the world’s most powerful sports brands can do something similar for an athleisure label that has genuine love from its customers but is still chasing its full global potential. O’Neill has done it before at scale. The question now is whether she can do it again.
