MAM
Senior journalist Vinod Dua passes away at 67
Mumbai: Senior journalist Vinod Dua has passed away at the age of 67 on Saturday, after a prolonged illness following a Covid-19 infection.
He had survived Covid earlier this year, but his wife Padmavati ‘Chinna’ Dua lost the battle to the virus.
The cremation will take place on Sunday, 5 December at Lodhi Crematorium in New Delhi.
Dua is survived by two daughters, the comic-actor Mallika Dua and Bakul Dua, a clinical psychologist. The news was confirmed by Mallika on Instagram. “Our irreverent, fearless and extraordinary father, Vinod Dua has passed away. He lived an inimitable life, rising from the refugee colonies of Delhi to the peak of journalistic excellence for over 42 years, always, always speaking truth to power. He is now with our mom, his beloved wife Chinna in heaven where they will continue to sing, cook, travel and drive each other up the wall. The cremation will take place tomorrow (5.12.21) at Lodhi crematorium at 12 noon,” she wrote.
A name in the world of Hindi broadcast journalism, Dua was awarded the Padma Shri in 2008. He used to host “Zaika India Ka” on NDTV India where he travelled and brought stories from across cities. His show “Jan Gan Mann Ki Baat” for The Wire Hindi took a critical stance at the government.
In his long career, Dua had worked with Doordarshan, NDTV India, The Wire Hindi, Sahara TV, Zee TV as well as SET India.
Brands
Kwality Wall’s reports standalone losses following strategic HUL demerger
Ice cream major faces Rs 64 crore Ebitda loss amid commodity inflation and muted Q3 sales
MUMBAI: Kwality Wall’s (India) Limited (KWIL) has released its first set of financial results as a standalone entity, revealing a challenging start to its independent journey. Following its successful demerger from Hindustan Unilever Limited (HUL) on 1st December 2025 and its subsequent listing on 16th February 2026, the company is navigating a transition period marked by structural changes and high input costs.
For the quarter ended 31st December 2025, the company reported revenue of Rs 222 crores. Despite the revenue base, the bottom line was impacted by several factors, resulting in an Ebitda loss of Rs 64.2 crores. When calculated on a Pre-IND AS 116 basis, the Ebitda loss stood at Rs 83.8 crores.
Organic Sales Growth (OSG) declined by 6.5 per cent year-on-year during the quarter. Volume growth, however, saw a marginal increase of 1.2 per cent. The company reported a gross margin of 41.5 per cent. Additionally, exceptional expenses amounting to Rs 94 crores were recorded, primarily linked to non-recurring costs during the transition phase.
Performance across portfolios and channels was mixed. Within the impulse portfolio, brands such as Magnum and Cornetto recorded mid-single digit volume growth, indicating steady demand in on-the-go consumption. However, the in-home portfolio, which includes take-home packs, experienced muted consumption. The company is planning a relaunch of this category with improved offerings ahead of the 2026 season.
Quick commerce (Q-Com) continued to emerge as a strong growth driver, delivering robust double-digit growth during the quarter. Meanwhile, the company also expanded its physical distribution network by increasing the number of company-owned cabinets across markets.
Margin pressure during the quarter was driven by a combination of one-off factors and broader cost inflation. Gross margins were impacted by around 600 basis points due to trade investments made for stock liquidation. Additionally, cocoa price inflation contributed to another 400 basis points of pressure on margins.
Deputy managing director Chitrank Goel attributed the muted performance partly to prolonged monsoons and transitional challenges linked to the GST framework. Operating expenses also increased as the company invested in establishing its standalone supply chain, operational systems and corporate infrastructure following the demerger.
Looking ahead, the management remains focused on a volume-driven growth strategy. To restore profitability, the company has initiated a cost productivity programme aimed at reducing non-consumer-facing costs. It is also working on building regional manufacturing networks to optimise logistics expenses and improve operational efficiency.
The commodity outlook for the near term remains mixed. Dairy prices are expected to remain firm due to tight supply conditions and rising fodder costs. Sugar prices may also move higher following increases in the Minimum Selling Price (MSP). While cocoa prices have moderated recently, currency depreciation has offset some of the potential cost relief for the company.
