Brands
OnePlus exit rumours return as India head Robin Liu steps down
Leadership shift sparks fresh questions, but brand insists India plans stay on track
MUMBAI: Talk of OnePlus pulling the plug has resurfaced after the company confirmed that its India head, Robin Liu, has stepped down. The timing has raised eyebrows, especially as India remains one of the brand’s most crucial markets.
In a brief statement, the company acknowledged the exit, saying, “We thank Robin for his contributions to OnePlus India. He moves on to pursue his personal passions, and we wish him the very best for his future endeavours.” It added that operations in India would continue with business continuity intact.
However, a report by The Economic Times suggests the move may be part of a deeper organisational reset. According to the report, Liu was recently asked to report to Sky Li, who has taken on a broader role within the OPPO group, overseeing sub-brands including OnePlus.
The shift marks a notable change in hierarchy. Liu and Li previously operated as peers, each independently running their respective brands. That structure now appears to have been streamlined under a more centralised leadership model.
The development also contrasts with Liu’s earlier stance. In January, OnePlus India CEO Robin Liu publicly dismissed shutdown rumours, stating the company was “operating as usual” and would continue to do so. The brand had also issued a clarification at the time, calling such reports false and urging stakeholders to rely on verified information.
Market data, however, paints a more challenging picture. Shipments in India have declined sharply, with Cybermedia Research reporting a 32 per cent drop in 2025, while International Data Corporation pegged the year-on-year fall at 38.8 per cent. The slowdown highlights increasing pressure in an intensely competitive smartphone market.
Despite the noise, there is little to suggest an immediate exit. The company is gearing up to launch the OnePlus Nord 6 in April, signalling continued activity in the near term. At the same time, OPPO Chief Product Officer Pete Lau confirmed plans for a global launch of the Find X9 Ultra, hinting at a broader realignment of brand roles within the group.
For consumers in India, the message remains steady for now. Devices are coming, operations continue, and support is unlikely to disappear overnight. Still, the leadership reshuffle and shifting hierarchy suggest something more nuanced than business as usual.
The takeaway is clear. OnePlus is not shutting down, but it is clearly reshaping its playbook. Whether this recalibration sharpens its edge or further blurs its identity in a crowded market is the question that now lingers.
Brands
Angel One Q4 profit surges 83 per cent to Rs 320cr
year net profit dips 22 per cent to Rs 915cr as revenue softens slightly to Rs 5,137cr.
MUMBAI: Angel One has just earned its wings in style delivering a blockbuster Q4 that proves the brokerage giant is still flying high even in a cautious market. Standalone revenue from operations for the three months ended 31 March 2026 rose sharply to Rs 1,459cr, up from Rs 1,056cr a year ago. Total income stood at Rs 1,467cr. After all expenses, profit before tax came in at Rs 440cr, while net profit for the quarter surged 83 per cent to Rs 320cr (versus Rs 175cr last year). Basic EPS stood at Rs 3.52 and diluted at Rs 3.44.
For the full year ended 31 March 2026, revenue from operations was Rs 5,137cr compared with Rs 5,238cr in FY25. Total income reached Rs 5,152cr. Profit before tax was Rs 1,272cr, and net profit came in at Rs 915cr (down from Rs 1,172cr). Basic EPS was Rs 10.09 (from Rs 13.00) and diluted Rs 9.85 (from Rs 12.68).
Total comprehensive income for the quarter stood at Rs 321cr, while the full-year figure was Rs 913cr.
The strong quarterly performance reflects robust growth in interest income (Rs 455cr) and fees & commission (Rs 1,000cr), even as the full-year numbers moderated amid a softer overall environment. Finance costs rose to Rs 134cr in Q4 (full year Rs 437cr), while employee benefits stood at Rs 244cr for the quarter (full year Rs 1,067cr).
In a year when many brokers felt the pinch of muted market activity, Angel One has delivered a sparkling Q4 that shows its core broking engine is firing on all cylinders. With the books now closed on FY26, the Mumbai-based player has once again demonstrated that consistent execution and a sharp focus on retail participation continue to pay rich dividends in India’s booming capital markets.
