Brands
Mukta Arts posts strong revenue and profit rise
MUMBAI: Mukta Arts Limited, the film production house helmed by veteran director Subhash Ghai, turned in a performance worthy of a standing ovation for the quarter ended 30 September 2025. The company’s standalone net profit soared to Rs 1.74 crore, more than double last year’s Rs 76.7 lakh, while revenue from operations rose 46 per cent year-on-year to Rs 4.85 crore.
Other income also gave the script a happy twist, contributing Rs 7.97 crore and taking total revenue to Rs 12.02 crore against Rs 10.34 crore in the same period last year.
Expenses rose modestly to Rs 10.22 crore from Rs 8.83 crore, largely due to higher employee costs and depreciation. Yet the bottom line stayed in the black, helped by better cost control and improved returns from its film, distribution and education segments.
On a consolidated basis, however, the group posted a loss of Rs 3.56 crore, weighed down by weaker performance at its subsidiaries including Whistling Woods International and Mukta A2 Cinemas.
The auditors flagged the long-running land lease dispute concerning Whistling Woods International, noting that the matter remains sub judice before the Bombay High Court, and said its outcome could affect valuations.
Despite these ongoing plotlines, Mukta’s financial direction seems to have regained its narrative focus. With the lights back on in cinemas and fresh productions on the floor, the studio appears ready for its next act.
Brands
Radico Khaitan appoints Kunal Madan as chief marketing officer
Promotions signal focus on premium spirits, global expansion and homegrown leadership
UTTAR PRADESH: Radico Khaitan has elevated two long-serving insiders to its top leadership team, signalling a bold push into premium spirits and global markets. Kunal Madan steps in as chief marketing officer, while Sudhir Upadhyay takes charge as chief sales officer, both part of what managing director Abhishek Khaitan calls a consciously built next-generation leadership bench.
“At Radico Khaitan, our growth has always been powered by people,” Khaitan said. “True leadership is not imported, it is cultivated.” He added that empowering internal talent ensures continuity while keeping the company globally competitive and future-ready.
Madan, with over 20 years of experience across global sales and marketing, will drive brand architecture, marketing strategy, and the premiumisation agenda, including travel retail. Upadhyay, who has 25 years in the industry and was most recently national sales head, will oversee distribution expansion and execution across markets.
The leadership reshuffle comes amid Radico’s intensified focus on premium spirits, a segment driving higher margins and international growth. Last year, Ajay Kakkar was brought on to head the Premium On-Trade vertical, targeting modern and institutional channels to boost presence in high-growth segments.
Meanwhile, Amar Sinha stepped down as chief operating officer after contributing across multiple growth phases. Khaitan acknowledged Sinha’s role in supporting the company’s trajectory, while Sinha described his tenure as “an absolute privilege,” crediting Khaitan’s leadership for shaping the company’s strategic direction.
With a homegrown leadership bench and a clear premium agenda, Radico Khaitan is set to accelerate its global expansion while doubling down on brand elevation and market impact.
