Category Archives: Business

Cosmo First Reports Improved Q3 FY26 EBITDA; Expects Double-Digit Revenue Growth Ahead

New Delhi, Feb 12: Cosmo First Limited today announced its financial results for the quarter ended December 2025 and year-to-date December 2025, reporting improved EBITDA performance in Q3 FY26 compared to the previous year.

The improvement was driven by a strong 29% increase in sales volumes and better performance from the specialty chemical subsidiary. However, overall EBITDA was partially impacted by margin decline in BOPP and BOPET core films, the full-quarter impact of high USA tariffs, a volume loss of around 6% due to the shutdown of one BOPP line, and a non-repetitive inventory loss of ₹8.4 crores arising from a drop in raw material prices.

Profit After Tax (PAT) remained muted due to higher depreciation and interest costs related to newly commissioned capacities.

The Company expects double-digit revenue growth in the coming quarters, supported by enhanced utilization of recently added capacities. Additionally, the recently announced reduction in USA tariffs is expected to improve profitability from USA operations starting Q1 FY27, once the higher-duty-paid inventory is fully exhausted.

Cosmo Plastech, the Group’s rigid packaging vertical, achieved positive EBITDA in December 2025. The focus going forward will be on improving profitability through higher capacity utilisation and operational efficiency.

Both consumer-facing businesses—Zigly (Petcare) and Cosmo Consumer (Window Films, Paint Protection Films & Ceramic Coatings)—continued to scale up. Zigly posted over 50% year-on-year topline growth in Q3 FY26, reflecting strong momentum in the petcare segment.

Commenting on the Company’s performance, Mr. Pankaj Poddar, Group CEO, Cosmo First Ltd., said,

“The FY26 focus will be on achieving close to full capacity utilization for the Films business and faster scaling of new businesses.”

 Key Developments During the Quarter

1. Films Business (Cosmo Films)

• Announced a strategic joint venture in South Korea with Filmax Corporation to introduce and scale multiple Cosmo First business verticals in the South Korean market.

• Honoured with the IFCA Star Award for excellence in packaging innovation.

• Launched high-performance packaging films for the pet food industry.

2. Rigid Packaging (Cosmo Plastech)

• Expanded into rigid packaging solutions for the pharmaceutical industry with PET sheets.

3. Petcare Business (Zigly Petcare)

• Expanded footprint in Western India.

• Opened its first complete pet care centre in Pune and second centre in Jaipur.

4. CSR & Foundation (Cosmo Foundation)

• Partnered with the Border Security Force (BSF) to expand Delhi’s green cover with a 15,000-tree Miyawaki and fruit-bearing forest initiative.

• Ms. Yamini Kumar Jaipuria was honoured as ET NOW Impactful Women Leaders of India 2025 and Impactful CSR Leader of India 2025 at the ET Edge GSA Transformation Series.

5. Corporate / Group-Level Milestone

• Achieved the globally recognised Information Security Management System certification – ISO/IEC 27001:2022.

IOL Chemicals & Pharmaceuticals Reports Strong Q3 FY26 Growth with Margin Expansion

New Delhi, Feb 12: IOL Chemicals s Pharmaceuticals Ltd., one of the leading Active Pharmaceutical Ingredient (API) manufacturers, announced its Financial Results for the quarter and nine months ended 31st December 2025.

Key Standalone Financial Highlights

 PBT and PBT Margin are calculated after netting off exceptional items arising from new labour laws.

  Commenting on the performance, Mr Vikas Gupta, Joint Managing Director said,

“Ǫ3 FY2c has been a resilient quarter for IOL, marked by double-digit revenue growth, margin expansion, and a 3S% YoY increase in profit before exceptional items and tax, despite prevailing geopolitical uncertainties. This performance underscores the resilience of our operations and sustained demand across our businesses.

Our Pharmaceuticals segment continues to lead growth, delivering an 18% revenue increase year-on-year. Importantly, pharma’s share of overall revenue has risen from 57% in Ǫ3 FY25 to c1% in Ǫ3 FY2c, highlighting its growing contribution. EBIT from Pharmaceuticals grew 32% YoY, driven by healthy volume growth and strong traction in non-Ibuprofen APIs, which are broadening and diversifying our product portfolio.

In Chemicals, we achieved optimal capacity utilisation, reflecting improved demand and operational discipline. EBIT grew 37% YoY, supported by efficiency gains and sustained customer traction. This validates the strength of our diversified business model and the meaningful contribution of both segments.

Looking ahead, our focus remains on expanding our presence in regulated markets, strengthening our new product pipeline, deepening backward integration, and enhancing R&D capabilities. These measures will help us sustain growth momentum, enhance competitiveness, and deliver long-term value creation for our stakeholders”

Jupiter International commissions third solar cell manufacturing unit, doubles production capacity

Chandigarh, Feb 12: Jupiter International Limited, one of India’s leading solar cell manufacturers has successfully commissioned its third solar cell manufacturing unit marking a major capacity expansion that effectively doubles the company’s solar cell manufacturing capability in Baddi, Himachal Pradesh.

The milestone marks a significant leap in Jupiter’s manufacturing capabilities. With this commissioning, Jupiter adds 1 GW of mono PERC capacity to its existing 959 MW base, taking its total installed capacity to nearly 2 GW. The new unit has been developed by Jupiter Solartech Private Limited (JSTPL) – a wholly owned subsidiary of Jupiter International Ltd.

Strategically located in Village Katha, Baddi, District Solan, the new facility is built with a focus on high-efficiency mono PERC technology, aimed at aligning with global benchmarks in quality and productivity.

Jupiter International’s capacity expansion is expected to double its local workforce, creating a significant pipeline of skilled green jobs across advanced solar manufacturing operations.

As part of its long-term roadmap to drive vertical integration and technology leadership, Jupiter International is also on pathway setting up another 1.25 GW TOPCon (Tunnel Oxide Passivated Contact) solar cell line.

“The commissioning of Unit III at Baddi is a major milestone in our journey to scale the company’s solar manufacturing capabilities. This expansion reaffirms Jupiter’s commitment to our vision of delivering world-class clean energy technologies that are Made in India, for India and the world,” said Mr Alok Garodia, Chairman and Managing Director – Jupiter International Ltd.

Jupiter’s integrated approach of combining manufacturing with R&D capabilities continues to strengthen its position as a tech and sustainability-driven solar manufacturer and a key enabler in India’s clean energy transition. With this latest expansion, the company is further strengthening domestic capacity and supporting national priorities under India’s 500 GW renewable energy roadmap.

Jiostar Eclipses All Previous Benchmarks as ICC Men’s T20 World Cup 2026 Kicks Off with the Biggest Ever Opening Day

Bangalore, Feb 12: The ICC Men’s T20 World Cup 2026 in India and Sri Lanka has enjoyed a strong start on JioStar, delivering the biggest ever opening day across JioHotstar and the Star Sports network for any ICC event.

Total consumption across JioStar’s digital and linear platforms grew by 59% compared to the 2024 edition, reaching 14.7 billion minutes on the opening day, together delivering the biggest ever opening day in ICC Men’s T20 World Cup history. As the opening day concluded with India beating USA in their opening fixture of their title defence, JioHotstar recorded a reach of 101.9 million, up by 81% over the 2024 edition.

India’s opening game against the USA drove strong viewership momentum across platforms as linear TV ratings went up 41% and digital reach went up 98% compared to India’s first match of the ICC Men’s T20 World Cup 2024 against Ireland.

Mr. Ishan Chatterjee, CEO – Sports, JioStar, said:

“The record-breaking viewership for the opening day of the ICC Men’s T20 World Cup 2026 in India and Sri Lanka demonstrates India’s appetite for innovative broadcast and high-octane on-field action.

“JioStar’s expansive presentation in nine languages coupled with exciting matches have kept fans engaged right since the first match. Such massive engagement creates a powerful ecosystem that ensures our partners and stakeholders derive the maximum value, reaching a diverse, engaged audience at an unmatched scale.”

Mr. Anurag Dahiya, ICC Chief Commercial Officer, said:

“We are delighted to see the ICC Men’s T20 World Cup 2026 begin with such unprecedented momentum. The surge in viewership across linear and digital platforms is a testament to the strength and scale of our partnership with JioStar in delivering a truly world-class broadcast experience, alongside the valued contribution of our broader broadcast and commercial partners.

“Reaching 14.7 billion minutes of consumption on day one alone reflects the extraordinary passion for the tournament and the quality of cricket on display. We look forward to building on this momentum as the event progresses.”

JioStar’s build up to the tournament has generated strong momentum, led by the widely appreciated

“Champions Backing Champions” film featuring India’s World Cup winning women’s team supporting the Men in Blue, followed by Rohit Sharma’s call to Team India to “Repeat History and Defeat History.”

With 130+ experts delivering coverage in nine languages, JioHotstar is enhancing the viewing experience through innovations like MaxView in English and Hindi on mobile and Indian Sign Language for India games and knockouts, bringing fans closer to the action.

JioStar’s presentation of the ICC Men’s T20 World Cup in India & Sri Lanka is partnered by Thums Up, OpenAI, Emirates, Sting, Birla Opus, Mahindra & Mahindra Auto, Apollo Tyres, Rapido, Amul, Vanesa, Axis Max Life Insurance, Hyundai, MoneyView, Britannia, Google Pixel, General Insurance Council, Haier and Life Insurance Council.

SHOML Reports Robust Q3 FY26 Growth with Strong Margin Expansion and Profit Surge

Mumbai, Feb 12: Shringar House of Mangalsutra Limited (SHOML), one of the leading designers, manufacturers and marketers of Mangalsutras, reported its Unaudited Financial Results for the quarter and nine months ended December 31, 2025.

Key Financial Highlights

For Q3 FY26, the Company delivered strong year-on-year growth across key financial parameters, with revenue from operations rising by 68.4%. Gross profit more than doubled, registering a 111.4% increase, while gross margins expanded by 169 basis points. EBITDA grew sharply by 105.8%, with EBITDA margins improving by 111 basis points. Profit After Tax recorded a robust growth of 134.2%, accompanied by a 129 basis point expansion in PAT margins.

For the nine-month period ended FY26, revenue from operations increased by 41.0% year-on-year. Gross profit rose by 71.9%, with gross margins expanding by 174 basis points. EBITDA grew by 64.7%, while EBITDA margins improved by 108 basis points. Profit After Tax registered a strong growth of 77.5%, with PAT margins expanding by 110 basis points, reflecting sustained improvement in profitability and operating efficiency.

Highlights for the Quarter

Revenue from operations for Q3 FY26 stood at Rs. 658.9 Crores, as against Rs. 391.3 Crores in Q3 FY25, reflecting a 68.4% growth on a year-on-year basis. The surge in growth was largely supported by the positive movement in gold prices.

EBITDA for the quarter grew by 105.8%, reaching Rs. 40.2 Crores in Q3 FY26 compared to Rs. 19.5 Crores in Q3 FY25. EBITDA margin for the quarter stood at 6.1%, expanding by 111 basis points on a year-on-year basis.

EBITDA saw a sharp increase due to strong revenue momentum, improved gross margins, and operating leverage benefits driven by lower employee costs.

Profit After Tax for Q3 FY26 stood at Rs. 30.1 Crores, as against Rs. 12.9 Crores in Q3 FY25, registering a 134.2% YoY growth. PAT margin increased by 129 basis points year-on-year to reach 4.6%, reflecting strong profitability.

Commenting on the Results, Mr. Chetan N Thadeshwar, Chairman & Managing Director said:

We are delighted to deliver another quarter of strong performance, marked by robust revenue growth, margin expansion, and significant improvement in profitability. The favourable movement in gold prices, combined with sustained domestic demand, significantly strengthened our operating performance this quarter. Our EBITDA more than doubled, highlighting the strength of our business model and operational efficiency.

As we continue to expand our footprint with our newly opened branch office in Pune and our existing office in Delhi, we remain focused on strengthening client relationships, investing in design innovation, and enhancing our integrated manufacturing capabilities to deliver consistent, high-quality craftsmanship at scale. We have also onboarded five third-party facilitators to accelerate our national expansion strategy. These partnerships will significantly enhance our distribution capabilities, enabling us to enter untapped jewellery markets and deepen engagement with local jewellers across key regions. Together, they form a critical pillar of our emerging pan-India supply chain and position us to scale efficiently in line with growing demand.

Looking ahead, we remain optimistic about the continued positive trend in gold prices and the supportive demand environment underpinning the jewellery sector. Backed by over 15 years of industry experience, a robust base of marquee clients, and a rapidly growing portfolio of high-value products, we are firmly positioned to deliver durable, long-term value for all stakeholders. Our scalable, innovation-driven business model gives us a clear advantage in capturing new opportunities across India. With deeper distribution reach and strengthened operational capabilities, we are accelerating growth momentum

Capacit’e Infraprojects Reports Strong Q3 & 9M FY26 Performance; Order Book Surpasses Full-Year Guidance

New Delhi, Feb 12: Capacit’e Infraprojects Limited, a fast-growing construction company providing end-to-end services across residential, commercial, and institutional buildings, today announced its consolidated financial results for the quarter and nine months ended December 31, 2025. The Company operates across Mumbai Metropolitan Region (MMR), Gandhinagar, Pune, Goa, Chennai, National Capital Region (NCR), Hyderabad, and Bengaluru.

Q3 FY26 Financial Highlights (Consolidated):

• Total Income: Growth of 13% YoY

• EBITDA: Growth of 20% YoY; EBITDA margin improved

• EBIT: Growth of 19% YoY; EBIT margin improved

• PAT: Slight change YoY; PAT margin stable

9M FY26 Financial Highlights (Consolidated):

• Total Income: Growth of 13% YoY

• EBITDA: Growth of 8% YoY; EBITDA margin within guided range

• EBIT: Growth of 7% YoY; EBIT margin improved

• PAT: PAT margin stable

Balance Sheet & Operational Metrics:

• Gross Debt & Equity: Strong leverage ratios maintained

• Net Assets Turnover (Core Assets): Improved compared to previous year

• Order Book (Standalone): Strong and diversified; public sector and private sector share highlighted

Commenting on the performance, Mr. Rohit Katyal, Executive Chairman, said:

“FY2025 marked a new performance benchmark for the Company, delivering record growth across key operational and financial metrics. This momentum continued into Q3 FY26, with our highest-ever quarterly revenue, reflecting steady, disciplined growth driven by strong execution and resilient demand.

Despite extended monsoon conditions, municipal election-related delays in MMR, and regulatory interruptions in NCR, project execution progressed well across regions. Execution momentum has normalized and strengthened, and we expect to accelerate further in Q4 FY26.

Our multi-year portfolio optimization strategy is delivering measurable outcomes, including higher average order sizes, rationalized projects under execution, increased revenue per project, and improved management efficiency.

Year-to-date bookings have already surpassed full-year guidance. Supported by a strong pipeline of quality bids and full working capital tie-ups, we are confident of further expanding the order book and delivering on our growth plans.

Capacit’e Infraprojects is firmly positioned in an accelerated growth cycle, anchored by a diversified order book, strong financial strength, and proven delivery track record, enabling us to create sustained long-term value and set new performance benchmarks in the periods ahead.”

The Secret Behind Winning the T20 World Cup? Royal Stag Reveals the #RS Code in partnership with Rohit Sharma and Paddy Upton

Feb 11: At a time when cricket fever is at its peak,  Seagram’s Royal Stag Packaged Drinking Water has unveiled the Royal Stag Code of Large (#RS Code), a first-of-its-kind, data-backed initiative with brand ambassador and former team India captain Rohit Sharma and Mental Conditioning coach Paddy Upton that goes beyond celebrating success to decoding it.

Rohit Sharma, the only Indian to win two ICC T20 World Cups, embodies fearless individuality and success – living life his own way, authentic and perfectly aligned with Royal Stag’s philosophy of living it large.

The #RSCode is the outcome of an in-depth data analysis of Rohit Sharma’s career using data science combined with Royal Stag’s brand ethos centered around celebrating the philosophy of Living in the moment and Living it Large. The process unearthed 4 unique personality traits that lay the foundation of decoding Success, the manifestation of which would be unique to every individual.

The four defining traits consistently underpin Rohit’s success — traits that are a true reflection of Royal Stag’s long-standing philosophy.

To bring credibility to the whole initiative, the campaign features Paddy Upton, who anchors the initiative as a subject-matter expert, translating performance data into meaningful insights.

This RS Code is built on four traits — Selfless, where team success always outweighs personal milestones; Driven where every moment is celebrated and is seen as the stepping stone for a new beginning; Fearless, which tests one’s ability to adapt to higher responsibilities and Inspiring, where one’s leadership is not only motivational but contagious. Together, these form the Royal Stag Code of Large, #RSCode, a philosophy that transcends beyond cricket and applies to life.

The RS Code is brought to life through a phased, digital-first campaign designed to build intrigue and engagement. It began with a teaser by Rohit Sharma and Paddy Upton, which sparked curiosity around the RS Code, followed by the official reveal through a high-impact Talk show between Rohit Sharma, Paddy Upton hosted by Vikram Sathe. It seamlessly blends data-backed insights with storytelling and real moments, including a surprise appearance by Suryakumar Yadav that reinforces the ‘Inspiring’ trait of the RS Code.

The campaign is powered by an innovative AI‑driven #RSCode Finder that invites audiences to discover their own personalised Code of Large. By answering a few simple questions, consumers can decode their unique code, which is then revealed through a personalised video message from Rohit Sharma – creating a highly engaging and personal brand experience.

Speaking about the campaign, Debasree Dasgupta, Chief Marketing Officer, Pernod Ricard India, said,

“Speaking about the campaign, Debasree Dasgupta, Chief Marketing Officer, Pernod Ricard India, said, “Royal Stag as a partner of ICC, allows us to deliver a truly “Live it large” experience to die-hard cricket fans everywhere. This year, we are giving each fan the power to craft their own Live It Large Story through this unique AI platform that integrates with the brand’s commitment to relishing every moment in their journey to success. The Royal Stag Code brings our ‘Live It Large’ philosophy to life in a meaningful way. By decoding Rohit Sharma’s success through a data driven approach, we are empowering individuals to follow their own path to success and live life large.”

Amar Pure Gold Signs MoUs for Agro-Processing Food Park in Himachal

Amar Pure Gold signs MoUs for agro-processing projects in Himachal to strengthen farm-to-market infrastructure

Feb 11: Amar Pure Gold has emerged as a key player in India’s evolving food manufacturing and agri-processing landscape, driven by its strong focus on quality assurance, regulatory compliance, and export-oriented growth. With a growing presence across domestic and international markets, the company continues to align its expansion strategy with farmer integration, value addition, and long-term infrastructure development.

In a major step towards strengthening India’s agro-processing ecosystem, the Department of Agriculture, Himachal Pradesh announced the development of a Potato and Spice Processing Food Park in the state. The announcement was made by Dr. C. Paulrasu, Secretary (Agriculture), Government of Himachal Pradesh. Two Memoranda of Understanding (MoUs) were signed on Tuesday in Shimla to this effect, aimed at promoting natural farming practices and boosting the rural economy.

The MoUs were signed by Dr. R.S. Jasrotia, Director of Agriculture; Mr. Hemis Negi, Managing Director, HP Agriculture Marketing Board; and Dr. Sunil Chauhan, Project Director, HP Crop Diversification Promotion Project-II (JICA-ODA), with APG Foods Division and ARFM Foods for the proposed facilities. The Department of Agriculture has entrusted HP CDPP-II (JICA-ODA) with implementation support for the project.

Under the proposed plan, spice processing facilities will be developed in Hamirpur district, with associated primary processing infrastructure in Sirmaur, while potato processing facilities will be established at designated locations in the state. The initiative is expected to strengthen agri-value chains, reduce post-harvest losses, and improve market access for farmers.

Built around modern food-processing technologies, automation-enabled systems, and compliance-driven operations, the Food Park aims to ensure consistency, traceability, and adherence to global quality standards. The project is also expected to generate employment and contribute meaningfully to the socio-economic development of Himachal Pradesh.

Amazon.in Unveils Exciting Valentine’s Day Smartphone and Gift Deals

Bengaluru, Feb 11: Amazon.in is making Valentine’s Day shopping effortless with a curated range of smartphones, accessories, and gift options from top brands, thoughtfully designed to suit every style and need. From feature-packed upgrades for tech enthusiasts to budget-friendly options for first-time users, the platform brings customers the best deals across brands like OnePlus, iQOO, Samsung, Redmi, and realme, along with bank and coupon offers.

The Valentine’s Day selection includes popular smartphones such as the iQOO Z10R 5G, iQOO 15, OnePlus 15R, realme NARZO 80 Lite 5G, Samsung Galaxy M56 5G, Samsung Galaxy M06 5G, Redmi A4 5G, and Redmi Note 15 Pro+ 5G. These devices feature powerful processors, high-capacity batteries, advanced displays, and cutting-edge camera technology, providing consumers with a range of options for performance, style, and innovation.

In addition to smartphones, Amazon.in encourages thoughtful gifting with Amazon Pay Gift Cards. Customers can choose from physical gift cards or customizable e-Gift Cards with personal photos, animated designs, or Gen AI-powered creations. These gift cards provide access to millions of products across over 300 brand categories, giving recipients the freedom to pick what they truly love. Special offers and cashback incentives make gifting even more rewarding this Valentine’s Day.

Amazon Prime members enjoy added benefits, including fast and unlimited delivery options, early access to sales, and entertainment perks like Prime Video and Amazon Music. Prime enhances the overall shopping experience, making it easier to celebrate Valentine’s Day with convenience and style.

With these exclusive deals and offers, Amazon.in makes it simple for consumers to find the perfect smartphone or gift, ensuring a memorable Valentine’s Day for loved ones.

Mukand Limited Receives Green Steel Certification, Reinforcing Commitment to Sustainable Manufacturing

Mumbai, Feb 11:  Mukand Limited, a leading manufacturer of stainless steel long products and part of the Bajaj Group, has been awarded the prestigious Green Steel certification, marking a significant milestone in the company’s sustainability journey.

The certification, conferred by the National Institute of Secondary Steel Technology (NISST), recognises Mukand’s Black Bars with a 5-Star rating, and its Wire Rods and Bright Bars with a 4-Star rating. This accolade underscores Mukand Limited’s commitment to environmentally responsible manufacturing and its ongoing efforts to reduce its carbon footprint.

The independent audit, conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) under the Government of India’s Green Steel Taxonomy, involved rigorous verification of Scope 1, 2, and 3 greenhouse gas emissions, plant energy consumption, and production data at the company’s Thane facility.

By integrating energy-efficient processes, responsible resource management, and sustainable production methods—including systematic monitoring of emissions and resource efficiency—the company actively contributes to the global transition toward greener industrial practices. During the reporting period, approximately 58% of the plant’s electricity requirement was met through renewable energy sources, supporting Mukand Limited’s strategy to progressively increase clean energy adoption and reduce lifecycle emissions. The company is also working towards transitioning to 100% renewable power through a hybrid solar–wind energy model, alongside a comprehensive energy efficiency program across the plant.

Green steel plays a critical role in enabling sustainable infrastructure and manufacturing. With this certification, Mukand Limited strengthens its position as a responsible industry leader, delivering high-quality steel solutions while minimizing environmental impact.

Commenting on the achievement, Mr. Neeraj Kant, Chief Executive Officer, Mukand Limited, said:

“Receiving the Green Steel certification is an important step in our sustainability roadmap. It reflects our long-term commitment to environmentally conscious manufacturing and our responsibility toward future generations. We will continue to invest in technologies and practices that support a cleaner and more sustainable future.”

Mukand Limited remains focused on advancing innovation, operational excellence, and sustainability across its operations, with continuous improvement initiatives aimed at further enhancing environmental performance and resource efficiency. The Green Steel certification reinforces the company’s dedication to supporting customers and partners in achieving their environmental goals while contributing to a more sustainable industrial ecosystem.