Brands
Peak expands international presence in NY’s Times Square
MUMBAI: The new year ushered in with good news for Peak. The Chinese sportswear brand became the first to make its presence at New York’s Times Square.
In line with its vision of creating an international brand, Peak unveiled its new advertisement featuring Tony Parker and Shane Battier dressed in traditional Chinese clothing sending their New Year’s greetings. The advertisement will greet the thousands of New Yorkers and tourists from around the world who pass through Times Square until the Chinese Lunar New Year on January 31, 2014.
Peak celebrated its 25th anniversary a day before the new campaign began airing. Peak founder Jingnan Xu said, “2014 will be the year for Peak to realise its international vision.”
After 25 years of diligent focus, Peak has accomplished a number of key fundamental goals including naming, trademark registration, enhancing quality standards, building brand image and the internationalisation of capital. Following its success in the NBA, Peak has expanded its presence and has become an official partner of FIBA, WTA and a number of other well-known international tournament organisers. The brand has signed sponsorship agreements with more than 10 NBA players including Tony Parker, Shane Battier and nearly 30 WTA players including Galina Voskoboeva.
Peak’s overseas market now covers more than 80 countries including the US, Germany and Australia, which accounts for 14.8 per cent of the total sales during the first half of 2013, making the brand leading sportswear company in China in terms of overseas sales.
Brands
Nestlé India posts 14.9 per cent sales growth, profit rises in FY26
FMCG major sweetens returns with dividend as strong domestic demand leads
NEW DELHI: Nestlé India has reported a strong financial performance for the year ended 31 March 2026, with sales and profits rising steadily on the back of robust domestic demand.
The company posted total income of Rs 231,949.5 million for FY26, up from Rs 202,645.5 million in the previous year, marking a growth of 14.9 per cent. Domestic sales remained the key driver, increasing 14.6 per cent to Rs 221,187.0 million, while exports contributed Rs 9,527.6 million to the overall tally.
The final quarter of the financial year added extra momentum, with total sales rising 23.4 per cent compared to the same period last year. This helped lift the company’s annual profit to Rs 35,446.0 million, up from Rs 33,145.0 million in FY25.
Shareholders are set to benefit as the board has recommended a final dividend of Rs 5.00 per equity share. This comes on top of the interim dividend of Rs 7.00 per share paid in February 2026. The record date for the final dividend has been fixed as 10 July 2026, subject to shareholder approval at the 67th Annual General Meeting scheduled for 3 July 2026. If approved, the payout will begin from 30 July 2026.
During the year, the company’s paid-up equity share capital doubled to Rs 1,928.3 million following a 1:1 bonus share issue, strengthening its capital base. The results were also supported by a Rs 1,207.8 million credit from exceptional items, including a Rs 2,023.2 million writeback from resolved income tax litigation, partially offset by restructuring costs and expenses related to new labour codes.
On the cost front, material costs rose to 44.8 per cent of sales for the full year, compared to 43.6 per cent in the previous year, reflecting ongoing input cost pressures. Despite this, the company maintained solid profitability, with EBITDA coming in at Rs 53,060.6 million.
Overall, Nestlé India’s performance underscores its ability to balance growth and margins in a challenging environment. With steady demand, disciplined cost management and consistent shareholder returns, the company appears well placed to carry its momentum into the next financial year.
