Brands
YES Bank names Rishab Zaveri senior vice president
KOLKATA: YES Bank has handed a bigger mandate to Rishab Zaveri, appointing him senior vice president and regional credit manager, a role that puts him at the centre of the lender’s retail credit engine.
Zaveri will steer regional credit strategy across retail lending, overseeing underwriting governance and portfolio quality at a time when competition is fierce and risk margins are thin. His brief spans tight risk controls, fraud prevention and sustainable growth, with asset quality firmly in the crosshairs.
He arrives with deep institutional memory of retail credit. Zaveri spent nearly eight years at ICICI Bank as zonal credit manager, running underwriting for used and new car loans, personal loans and business loans. His remit covered the full credit lifecycle, from sanction to disbursement, alongside delinquency management and portfolio risk control.
Known for sharp credit judgement and a disciplined approach, Zaveri has been recognised multiple times with Eagle Eye Awards for fraud prevention. He is also widely regarded as a strong people leader, with a record of building high-performing teams and grooming credit talent.
For YES Bank, the message is clear. In an unforgiving lending cycle, caution is not a constraint but a competitive weapon—and Zaveri has been brought in to wield it.
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.
