MAM
Enterprise Ireland promotes Abhinav Bhatia as its new director- India & south Asia
MUMBAI: Enterprise Ireland, an Irish government organization that is responsible for venture capital investments and export development for Irish enterprises in world markets, today announced the promotion of Abhinav Bhatia as its new director for the Indian & South Asian region.
The new director formerly acted as the Vice President supporting companies in ICT and FinTech domain to help them expand into India and South Asia markets. To make a note, Bhatia is also the first Indian to hold this position.
He will commence his new role from Enterprise Ireland’s India HQ at Mumbai’s BKC starting today. Having mentored numerous foreign companies on their internalization strategy and active engagement within the innovation ecosystem, he brings in rich experience and domain expertise to a very dynamic India team. Mr. Bhatia will be responsible for managing Irish companies’ entry and expansion into the Indian market within a diverse range of sectors like education, life sciences, IT, FinTech, etc.
‘I am thrilled to lead the Enterprise Ireland India team at such an important time when the world is changing the way of doing business. Now as Irish companies look to diversify and find new opportunities beyond its boundaries, India is a natural partner and it provides immense growth potential,’ says Abhinav Bhatia, director – India & South Asia on his promotion.
Bhatia also possesses a great deal of experience with several foreign governments, corporates, and non-profits. With this background he will be able to provide market intelligence, strategic advice and access to Irish companies interested in the South Asian markets. “There are about 100 Irish companies active in India and my aim remains to grow that number and further strengthen the relationship between Ireland and India,” he adds.
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.
