MAM
Mohit Joshi named media agency head of the year at IAA Leadership Awards 2025
MUMBAI: Havas Media Network India chief executive Mohit Joshi has been awarded media agency head of the year at the International Advertising Association (IAA) Leadership Awards 2025, held in Mumbai on 7 August. The honour caps a stellar run for Joshi, whose leadership has propelled Havas into the top tier of India’s media and advertising ecosystem.
With nearly three decades in the industry, Joshi took charge at Havas in November 2020 and has since driven a transformation built on digital scale, data-led strategy, and deep integration. His efforts have not only expanded the network’s client portfolio but also embedded its global converged philosophy across teams, operations, and disciplines.
‘Mohit has evolved Havas into an integrated powerhouse, aligning media, digital, data, tech, and content into a unified strategic vision,’ said Havas India, Southeast & North Asia group CEO Rana Barua. ”His leadership, focus on collaboration, and purpose-driven culture make this recognition richly deserved.”
The IAA, a global body celebrating excellence in marketing and communications, lauded Joshi’s contributions to the industry. ‘Mohit’s track record speaks for itself. He is respected not just for results, but for his collaborative, warm, and helpful approach,’ said IAA India chapter & The Free Press Journal group president Abhishek Karnani.
‘This award is a collective win for all of us at Havas Media Network India,’ said Joshi.” It reflects our relentless drive to build an intelligent, impact-driven ecosystem. I’m grateful to my colleagues, clients, and partners for their trust and belief.”
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.
