Brands
Oliver Wyman appoints Rajat Modwel as partner in India
MUMBAI: Oliver Wyman has announced the appointment of Rajat Modwel as partner in its government and public sector practice in India. With over 30 years at the crossroads of public administration and global consulting, Modwel brings a wealth of experience in shaping growth strategies, leading large-scale transformations, and building lasting institutional capabilities.
Rajat joins at a time when Indian governments are prioritising digital transformation, infrastructure-led growth, and sustainable development. His career spans advising on transport, urban infrastructure, state finances, education, environment and energy, tourism, and investment attraction.
Speaking on his new role, Rajat said, “India is one of the world’s largest economies at a time of global uncertainty. This creates a unique opportunity to drive high growth while investing across industry, agriculture, and services. Equally important is building world-class infrastructure, stronger social sectors like health and education, and a skilled workforce powered by digital innovation and sustainability. Joining Oliver Wyman allows me to help leaders turn these ambitions into real, measurable outcomes.”
Oliver Wyman India head Sumit Sarawgi added, “Governments face a once-in-a-generation shift driven by infrastructure spending and rising citizen expectations. The challenge is not just policy design but execution at scale and speed. Rajat’s experience will help build enduring public sector capabilities for our clients in India and beyond.”
Rajat began his career in the Indian Administrative Service in the Rajasthan cadre, handling district administration, state planning, and finance roles. He managed civic systems, led rural and urban initiatives, supported state elections, and evaluated public expenditure priorities across social and economic sectors – experience that continues to inform his approach to driving impact at scale.
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.
