MAM
Anand Mahindra is Forbes India Entrepreneur for the Year 2013
MUMBAI: Forbes India has been a champion of entrepreneurial capitalism, in line with the Forbes DNA defined almost a century ago in the US.
It shares the vision that over the next 10 years, India will have a never-before chance to create an entrepreneurial renaissance. It believes in the spirit of fair play. It believes that entrepreneurs need to follow the rules. And this is recognised through Forbes India Leadership Awards wherein outstanding leaders are appreciated every year.
This year, the entrepreneur of the year went to Mahindra & Mahindra chairman and managing director Anand Mahindra, who was chosen for the high honour for growing his group more than 10-fold in 10 years in several continents.
The long-list of nominees for each category was prepared by June and was judged by jury headed by ICICI Bank non-executive chairman KV Kamath. McKinsey & Co India chairman Adil Zainulbhai, Blackstone Advisors India chairman Akhil Gupta, Indian School of Business Dean Ajit Rangnekar, AZB Partners senior partner Zia Modi, and founder and group editor of Network18 Raghav Bahl brought in years of experience to the jury.
KPMG was the knowledge partners for the event, which helped with the number crunching essential for the process.
The following are the Forbes India winners for 2013:
1)Start Up for the Year
Phanindra Sama – redBus
2)Nextgen Entrepreneur for the Year
Tarang Jain – Varroc Engineering
3)Entrepreneur with Social Impact
Ranjan Sharma – IKSL
4)Conscious Capitalist Company for the year
HUL
5)Best CEO – Multinational Company
Francisco D’souza – Cognizant Technology Solutions Corp
6)Best CEO – Public Sector
Rakesh Tandon – IRCTC
7)Best CEO – Private Sector
Chanda Kochhar – ICICI Bank
8)Woman Leader for the Year
Chitra Ramkrishna – NSE
9) Lifetime Achievement Award for the Year
Brijmohan Lall Munjal – Hero MotoCorp
10)Entrepreneur for the Year
Anand Mahindra – Mahindra & Mahindra
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.
