MAM
SureWaves appoints Amit Mudgil to as regional director
MUMBAI: The next generation media convergence SureWaves, has strengthened its core team by appointing Amit Mudgil as regional director – Ad Sales (North).
With over 12 years of sales experience across the media industry, Mudgil has previously worked for brands like Discovery Network Asia Pacific, Neo Sports Broadcast Pvt Ltd., Eenadu TV and Hindustan Times. He would be responsible for driving the company’s go-to-market strategy in the Northern region, while closely working with various clients and brands in the region.
Biman Dutta, who was earlier handling the role of regional director (North & East) would now be based in Kolkata and entirely focus on the Eastern region, while consolidating the company’s expansion in the Eastern states.
Commenting on the announcement, SureWaves CEO Mandar Patwardhan said, “We are delighted to welcome Amit Mudgil onboard. With his rich and varied experience, he brings with him a hands-on understanding of the media industry. Biman Dutta’s exclusive focus on the Eastern market, coupled with Amit Mudgil’s portfolio of handling Northern markets will help us in business expansion, explore untapped opportunities and strengthen our leadership position.”
Taking on his role at SureWaves, Mudgil said,“I am excited to be a part of SureWaves, and assume the responsibilities of sales in a highly dynamic and exciting region. SureWaves is a market leader in media technology and innovation and believe that with my experience in the media industry, I can contribute to the organization’s overall growth objectives.”
Brands
Domino’s Q1 profit falls 6.6 per cent, announces $1 billion buyback
Sales rise 3.4 per cent as pizza giant balances growth and shareholder returns
NEW YORK: Domino’s reported a mixed start to 2026, with first-quarter net income slipping even as global sales and store expansion held steady. The company also announced a fresh $1 billion share buyback, underlining its continued focus on shareholder returns.
Global retail sales rose 3.4 per cent on a constant-currency basis to $4.74 billion. The US remained a key growth engine, with same-store sales inching up 0.9 per cent, supported by a 1.5 per cent rise at company-owned outlets.
International markets, however, painted a more uneven picture. While Domino’s added 161 net new stores overseas during the quarter, international same-store sales declined 0.4 per cent. Overall revenues still climbed 3.5 per cent to $1.15 billion, driven by higher supply chain revenues and a 2.6 per cent increase in food basket pricing for franchisees.
On the profitability front, net income fell 6.6 per cent to $139.8 million, compared to $149.7 million a year earlier. Diluted earnings per share dropped to $4.13 from $4.33. The decline was largely attributed to a $30 million unfavourable swing in unrealised gains linked to its investment in DPC Dash Ltd.
Despite this, operational performance showed resilience. Income from operations rose 9.6 per cent to $230.4 million, supported in part by a $7.8 million pre-tax gain from the sale of a corporate aircraft.
Domino’s footprint continued to expand, with the company ending the quarter at 22,322 stores across more than 90 markets. In the US, digital orders remained dominant, accounting for over 85 per cent of retail sales in 2025.
The company also maintained its dividend payout, declaring $1.99 per share, payable on 30 June 2026. After repurchasing $75.1 million worth of stock during the quarter, the new authorisation lifts the total available for buybacks to $1.29 billion.
Domino’s chief executive officer Russell Weiner said the company’s scale and store-level economics position it well to capture further market share in 2026, even as competition intensifies.
As Domino’s leans into expansion and capital returns, the latest results show a business managing short-term pressures while keeping its long-term growth strategy firmly in play.
