The newly formed board consists of seasoned corporate leaders with experience across consumer goods, finance, governance and regulatory affairs
Ahead of its demerger from Hindustan Unilever or HUL, Kwality Wall’s (India) has rolled out several appointments to its board of directors. The company has named seven appointments, which include one deputy managing director, one executive director, one non-executive director and four independent directors.
Chitrank Goel has been appointed as the deputy managing director on the board, while Ritesh Tiwari has been roped in as a non-executive director. Prashant Premrajka has been appointed as the executive director and chief financial officer (CFO).
The four independent directors are Ravi Pisharody, JV Raman, Mahadevan Hariharan and Shukla Wassan. Kwality Wall’s (India) will be demerged from HUL on 1 December 2025. The newly formed board consists of seasoned corporate leaders with experience across consumer goods, finance, governance and regulatory affairs.
HUL reported a 4 per cent year-on-year rise in consolidated net profit to Rs 2,694 crore for the quarter ended 30 September 2025 (Q2FY26), aided by a one-time tax gain. Excluding this exceptional item, profit after tax declined 4 per cent.
The FMCG major’s profit growth was driven by a Rs 184 crore positive impact (part of a total exceptional gain of Rs 273 crore) arising from the resolution of prior tax matters between the UK and Indian authorities. Without this adjustment, profit after tax before exceptional items would have fallen 4 per cent year-on-year.
