Brands
Q3 revenue jumps 139 percent as losses narrow sharply
Q3 sales nearly 2.4x higher as losses narrow sharply, but auditors serve a side of caution.
MUMBAI: While couples were swapping chocolates and roses, Wardwizard Foods and Beverages Limited was busy cooking up its own love story, this one in the boardroom. On 14 February 2026, the company announced its Q3 and nine-month results, and the top line was nothing short of delicious. Revenue from operations for the quarter ended 31 December 2025 jumped to Rs 11,664.72 lakh, a mouth-watering 139 per cent increase from Rs 4,875.71 lakh a year earlier. For the nine months, revenue surged to Rs 19,728.01 lakh from Rs 5,363.82 lakh almost 3.7 times higher.
The company’s big bite came from its newly prominent Food Commodities segment, which contributed Rs 10,608.28 lakh in the quarter alone. The older RTE, frozen, sauces & mayo business added Rs 966.38 lakh.
Losses, however, still left a slightly bitter aftertaste. The company reported a standalone net loss of Rs 60.24 lakh in Q3, a sharp improvement from Rs 371.65 lakh last year. For the nine months, the loss narrowed to Rs 167.80 lakh against Rs 1,436.38 lakh previously. Earnings per share stood at (Rs 0.02) for the quarter.
The auditors, Mahesh Udhwani & Associates, gave a qualified opinion, flagging outstanding advances of Rs 760 lakh and certain trade receivables where no provision or expected credit loss has been made. They also noted they could not verify interest expense of Rs 243.52 lakh on a Rs 2,857.46 lakh borrowing from Indian Credit Co-operative Society, and highlighted missing internal audit reports and unbooked interest on another loan.
In other housekeeping news, the board noted the resignation of company secretary and compliance officer Bhoomi K Talati.
The board meeting, held from 8:30 pm to 10:20 pm on Valentine’s Day itself, approved the unaudited results after the Audit Committee’s recommendation.
For a company that was once deep in the red, the massive revenue ramp-up signals a clear shift in flavour even if the final profitability dish is still simmering. Investors will be watching whether this Valentine’s treat turns into a lasting romance or remains a one-night revenue wonder.
MUMBAI: He may have clocked the fastest time on track, but Usain Bolt is now sprinting straight into cricket fandom again. The eight-time Olympic medallist has returned to spotlight his long-standing support for Royal Challengers Bengaluru, featuring in sportswear giant PUMA India’s latest #RCBEverywhere campaign. Dressed in the 2026 RCB jersey, Bolt shared the moment on social media, pairing it with a throwback to the kit he first received in 2021 marking a fandom that has only gathered pace since.
A self-confessed cricket enthusiast and admirer of Virat Kohli, Bolt’s association with RCB has evolved through Puma’s global athlete ecosystem. The brand, which has partnered with Bolt for over two decades, is now leveraging his cross-sport appeal to amplify RCB’s already global fan culture.
The campaign builds on a behaviour that fans have long embraced taking the jersey beyond stadiums and scales it with one of the most recognisable athletes in the world. Bolt’s earlier appearance alongside Kohli and RCB players in a viral reel last year further cemented his status as an unlikely yet enthusiastic member of the RCB faithful.
With #RCBEverywhere, Puma is not just selling merchandise, it is exporting fandom. The campaign invites supporters to join the movement, with opportunities to win match shirts and tickets, while participating in a global conversation that now stretches far beyond Bengaluru.
From Olympic tracks to IPL terraces, Bolt’s latest cameo proves one thing, speed may be his signature, but fandom travels just as fast.
