Brands
Canva appoints MangoAI co-founder Nirmal Govind as chief algorithms officer
Acquires MangoAI to power performance driven AI at scale
MUMBAI: Design platform Canva has appointed Nirmal Govind as its first chief algorithms officer following the acquisition of AI powered creative optimisation start up MangoAI. The move signals a sharper focus on performance driven artificial intelligence across Canva’s global ecosystem.
Govind, who co founded MangoAI in 2025, built the company around reinforcement learning for generative video advertising. In simple terms, it helped brands not just create ads, but continually refine them using data driven feedback loops. With the acquisition now complete, that experimentation mindset is set to scale inside Canva’s rapidly expanding AI stack.
Before launching MangoAI, Govind served as vice president of data science and engineering at Netflix, where he spent eight years leading teams across content, studio, creative production and streaming. He was part of Netflix’s executive staff, working closely with senior leadership on creative algorithms, localisation and production innovation.
His earlier career reflects a strong operations research pedigree. He held senior technology roles at Lightning Bolt Solutions and worked in engineering and optimisation at Intel Corporation and IBM. Academically, he holds a PhD in industrial engineering and operations research from Penn State University and a master’s degree from University of California, Berkeley.
For Canva, the appointment is more than a new title. It reflects the growing importance of algorithms in shaping not only how designs look, but how they perform. As brands demand measurable outcomes from creative work, the line between art and optimisation is blurring. Canva appears keen to sit right at that intersection.
With Govind now steering its algorithms strategy, Canva is betting that the future of design will not just be beautiful, but intelligently tuned for impact.
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.
