MAM
Xiaomi India names Alvin Tse as new GM & Anuj Sharma as CMO in leadership rejig
MUMBAI: Smartphone and smart TV brand, Xiaomi India announced on Friday various organisational changes for the next phase of growth. Alvin Tse will now spearhead the company’s India operations as its new general manager, while Anuj Sharma will rejoin Xiaomi India as the chief marketing officer.
Tse will replace Manu Kumar Jain, who was previously the managing director of Xiaomi India. Jain moved to a larger role as a global vice president for Xiaomi last year, after seven years in India. Jain is currently responsible for international strategy including international marketing and PR.
Tse is a Xiaomi global founding team member. He is also a Poco founding member and the former general manager of Xiaomi Indonesia. The company stated that Tse will join hands with current India’s leadership team.
Sharma was previously the country director for Poco India after the company was announced as an independent brand in 2020. In his role, Sharma will spearhead the overall brand and marketing strategy for the India division and will play an instrumental role in bolstering Xiaomi’s reach with consumers across the nation.
Since the transition of Manu Jain, Xiaomi India leadership team i.e., chief operating officer Muralikrishnan B, chief business officer Raghu Reddy, and chief financial officer Sameer BS Rao have been leading India’s business independently and will continue to be a strong driving force behind the brand, the company said in a statement.
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.
