The present application discloses a hybrid polymer comprising a cellulose ether moiety and one or more polymer moieties comprising (a) a glycidyl methacrylate moiety, (b) a N-vinyl-2-pyrrolidone moiety, and optionally (c) a vinyl acetate moiety, wherein the polymer moiety is grafted to the cellulose ether moiety via the glycidyl methacrylate moiety. Additionally, the present application discloses a process to prepare the hybrid polymer and its applications in various compositions.