MAM
Mudra’s Interact Vision bags Khaitan home appliances account
MUMBAI: Mudra Group’s creative agency, Interact Vision, has bagged the creative duties for Khaitan home appliances, which includes lights, switchgears, wires and cables.
The account, which is pegged at Rs 30 – 40 million, will be handled out of Kolkata. The incumbent agency for these businesses was JWT Kolkata.
Mudra group business director Kaustuv Bhadra said, “We are extremely pleased with the win. It’s great to know that Khaitan home appliances has entrusted Interact Vision for its brand building activities of its newly diversified business. The win has reaffirmed the group’s capabilities as a truly integrated agency.”
“Our offering Interact Vision as a specialised offering in the Kolkata market is bearing fruit. Khaitan is a creditworthy win, we have more projects lined up for the IV specialized creative cell,” added Mudra and Interact Vision president Hemant Misra.
Until now, the Khaitan name has been synonymous with quality fans in India. Now, Khaitan is diversifying even further. It has added pumps, lights, home appliances, cables, wires and circuit breakers to its portfolio.
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.
