Brands
Mahindra & Mahindra Q3 profit jumps 47 per cent
Revenue rises 26 per cent as autos, farm and services perform
MUMBAI: Mahindra & Mahindra Limited reported a sharp rise in third-quarter earnings, driven by strong performance in its automotive, farm and services businesses.
Consolidated net profit rose 47 per cent year on year to Rs 4,675 crore in the quarter ended December 31, 2025, while revenue from operations increased 26 per cent to Rs 52,100 crore, the company said in a stock exchange filing. Excluding the impact of labour code regulation changes, profit after tax rose 54 per cent on year. Consolidated Pat margin improved to 9 per cent from 7.7 per cent a year earlier.
For the nine months ended December, consolidated Pat stood at Rs 12,431 crore, compared with Rs 9,634 crore in the corresponding period last year.
Shares of Mahindra & Mahindra were trading at Rs 3,697.50, up 0.59 per cent on the day, after paring earlier intraday gains of nearly 3 per cent following the results announcement.
The automotive segment posted consolidated revenue of Rs 30,370 crore in Q3 FY26, up 30 per cent year on year, with Pat rising 42 per cent to Rs 1,993 crore. Quarterly volumes climbed 23 per cent to 3.02 lakh vehicles, including 1.79 lakh utility vehicles. The company retained leadership in SUVs with a revenue market share of 24.1 per cent, up 90 basis points, while light commercial vehicle market share rose to 51.9 per cent.
The farm equipment business reported revenue of Rs 11,501 crore, up 21 per cent, while Pat rose 7 per cent to Rs 1,044 crore. Tractor volumes increased 23 per cent to 1.50 lakh units, though market share eased 20 basis points to 44.0 per cent.
The services segment continued to gain traction, delivering revenue of Rs 11,636 crore, up 21 per cent, with Pat doubling to Rs 1,637 crore. Mahindra Finance reported a 97 per cent rise in Pat, with gross stage-3 assets below 4 per cent. Tech Mahindra’s Ebit margin improved to 13.1 per cent, up 290 basis points. Mahindra Logistics returned to profitability after 11 quarters, while Mahindra Lifespaces posted a five-fold increase in profit.
Group return on equity stood at 20.1 per cent on an annualised basis.
Group CEO and managing director Anish Shah said the company delivered solid operating performance across the group in the December quarter, while group CFO Amarjyoti Barua pointed to the growing contribution from services businesses.
Brands
Rohini Laya Venkateswaran named executive director at Gillette India
P&G veteran with two decades of experience steps into leadership role
NEW DELHI: Rohini Laya Venkateswaran has been appointed executive director at Gillette India Pvt. Ltd., bringing with her more than two decades of experience across sales, strategy and brand leadership within the consumer goods sector. In her new role, she will help steer the company’s strategic direction and growth while strengthening its footprint in the grooming and personal care category.
Venkateswaran joins the board after a long career at Procter & Gamble, where she spent nearly 21 years shaping sales strategy, building brands and driving market expansion across India and international markets.
Most recently, she served as chief sales officer for India at P&G. Prior to that, she was vice president and country manager for east gulf markets, overseeing operations in Kuwait, Oman, Bahrain and Qatar while also guiding sales strategy across the Gulf region, including the UAE.
Earlier in her career, she led sales strategy and planning for India while serving as marketing leader for brands such as Olay and Old Spice. During this stint, she focused on reshaping go-to-market channels and building awareness through digital, social and influencer-led campaigns to drive growth.
Her journey at P&G also included roles such as director sales strategy and planning leader India, associate director modern retail and ecommerce, regional manager for Delhi and Rajasthan, and several key account and trade marketing roles across the country. She also spent time in the United States working on the P&G Walmart international team, collaborating on global retail initiatives.
Venkateswaran holds an MBA in marketing from SP Jain Institute of Management and Research and a bachelor’s degree in mechanical engineering from RV College of Engineering.
With her mix of sales acumen, brand-building experience and global exposure, Venkateswaran’s appointment signals a sharpened focus on growth and market leadership for Gillette India.
