Brands
boAt and myG partner with AMMA to celebrate Mollywood spirit
Mumbai: boAt consumer electronics brand, and myG, a premier electronics retail chain 100 showrooms across Kerala, joined hands with the Association of Malayalam Movie Artists (AMMA) for their recent general body meeting held in Kochi over the weekend.
The event marked the re-election of veteran actor and Padma Bhushan recipient Mohanlal as AMMA president for a remarkable third consecutive term. Additionally, the meeting saw the introduction of new office bearers, including Siddique as the new general secretary, Jagadish and Jayan Cherthala as vice presidents, and Unni Mukundan as the new treasurer.
Beyond celebrating AMMA’s achievements, the event emphasized the ongoing commitment of boAt and myG towards Kerala’s entertainment and film industry. This collaboration signifies their dedication to fostering cultural and technological advancements within the state of Kerala. By partnering with AMMA, boAt and myG reiterate their support for local talent and initiatives that propel the growth of the prestigious Malayalam film industry.
“We at boAt and myG are incredibly proud to partner with AMMA,” said boAt spokesperson. “The Malayalam film industry is a powerhouse of talent and creativity, and we are committed to supporting its growth and celebrating its achievements.”
A myG spokesperson added, “myG has been an active partner for all AMMA events, and the support we have received from the fraternity is truly commendable. We value our association with AMMA and look forward to continuing this collaborative journey, fostering strong relationships and contributing to the success of future events”.
Brands
Nestlé India posts Rs 45,641 crore profit before tax in FY26
Strong cash flow of Rs 50,475 crore offsets higher costs, payouts.
MUMBAI: If there’s one thing brewing stronger than coffee this year, it’s Nestlé India’s balance sheet. The FMCG major closed FY26 with a solid financial performance, serving up steady growth even as costs and cash outflows kept the pressure simmering. For the year ended March 31, 2026, the company reported a profit before tax of Rs 45,641 crore, up from Rs 43,161 crore in the previous year. The numbers reflect resilience in core operations, supported by a strong consumption backbone across domestic and export markets.
Cash, meanwhile, was anything but idle. Nestlé India generated Rs 50,475 crore in net cash from operating activities, a sharp jump from Rs 29,345 crore last year highlighting robust underlying demand and improved working capital efficiency. Inventory reductions alone contributed Rs 2,809 crore, while trade payables rose by Rs 5,878 crore, adding further liquidity support.
But it wasn’t all smooth sailing. On the investing side, the company deployed Rs 8,297 crore towards property, plant and equipment, even as overall investing cash outflow stood at Rs 6,236 crore. Financing activities saw a significant drain, with Rs 31,794 crore flowing out driven largely by dividend payouts of Rs 23,139 crore and repayment of short-term borrowings.
The balance sheet tells a story of expansion with caution. Total assets rose to Rs 1,31,824 crore from Rs 1,21,933 crore, while equity climbed to Rs 51,569 crore, reflecting improved reserves and retained earnings. Cash and cash equivalents surged to Rs 13,205 crore, a sharp rise from Rs 761 crore a year ago, underscoring stronger liquidity despite heavy outflows.
Operationally, depreciation and amortisation expenses increased to Rs 6,992 crore, while finance costs and provisions continued to shape the cost structure. At the same time, working capital movements especially in inventories and receivables played a key role in boosting cash generation.
The broader takeaway? Nestlé India’s FY26 performance is less about headline growth and more about financial muscle. With strong cash flows cushioning rising investments and payouts, the company appears to be balancing expansion with discipline keeping its books as carefully measured as its recipes.
