MAM
Tam’s AdEx India completes 37 years
MUMBAI: AdEx India, advertising analysis firm and a division of Tam Media Research celebrates its 37th anniversary with a Gala Annual night titled – “Josh 2007.”
“Josh” is an annual celebration for AdEx India which looks back at the year gone by and honour employees both at the individual and team level in each departments across TV, Press, Radio and Eikona PR Track, informs an official release.
Tam Media Research CEO LV Krishnan, “A media professional would realize that to be able to monitor over 340 channels, over 800 publications, 20 Radio stations and provide every possible information on brands, advertising expenditure, ad creatives, new campaigns is a very daunting task. More than the state-of-the-art technology, one certainly requires dedicated teamwork and commitment from each member.
“With the ever growing need for timely and accurate data, I would like to personally thank every single member of AdEx India to have ensured, in their own way, timely and accurate data delivery as well as key analytical insights in the form of regular newsletters.”
AdEx India AVP and business head K Uday Rao, “It is amazing to see today’s generation of professionals who can tirelessly and so innovatively work towards the growth of the organization. Clever, innovative and effective way of working has been the mantra of my team here. AdEx India has benefited tremendously from every single team member. Josh is an occasion to honour my team members and acknowledge the contributions from every corner of the organization.”
AdEx India, based in Baroda, which claim to be Asia’s largest advertising monitoring unit, which provides information on advertising audience measurement and marketing communication.
AdEx India houses around 500 employees who are involved in:
– Monitoring and Analysis of advertising trends across Print, TV and Radio
– Monitoring and Archiving of Ad Creatives across Print and TV
– Special projects on aspects such as In-program brand placements on TV for advertisers and TV Channels
– Measuring and Analyzing PR and Content across Print, TV and Internet
– Preparing insightful periodic reports that aid in sound business decisions
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.
