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Yong Nam is new LG Electronics CEO
MUMBAI: The Korea based consumer electronics major LG Electronics has appointed Yong Nam as the new vice chairman and CEO, with effect from 1 January. Overall top management changes at LG Electronics include appointments of two new business company CEOs, CFO, Head of Korea sales and marketing operation and 30 other executives.
The company says that the appointment of Nam, known for his drive and strategic outlook, signifies that LG Electronics is making the change to becoming more achievement-oriented. Nam has more than 30 years of experience in LG Electronics, LG Corporation and LG Telecom; prior to his appointment, he served as the head of strategic business of LG Corporation.
He also served as LG Telecom CEO and director from October 1998 through May 2006. Other previous roles include president of the former Multimedia Division of LG Electronics from December 1997 to October 1998 and Executive Vice President of LG Group Chairman’s Office from January 1997 to December 1997. Nam began his career in LG Electronics in 1976, and began working for the chairman’s office in 1989.
Other newly-appointed top executives of LG Electronics include Simon Kang as CEO of Digital Display Company. Skott Ahn as CEO of Mobile Communications Company; James Jeong as CFO; and Wayne Park as Head of Korea sales and marketing.
Kang is the man behind LG’s rebranding success in the US, while Ahn is a mobile communications expert. Jeong is best-known for his achievement of LG’s global management system enhancement. And Mr. Park has worked on new business development for LG Electronics.
LG Electronics also appointed three new executives in other regions, including John Herington and Eric Surdej as the marketing heads of LG Electronics’ US and France divisions, respectively, as well as Dominique Oh as the head of European Mobile Communications.
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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.
