MAM
Phil Nelson takes on expanded role at Turner Asia Pacific
MUMBAI: Turner International Asia Pacific has announced that Phil Nelson has been appointed senior vice president and managing director, Southeast Asia Pacific and north Asia.
Previously responsible for strategic planning and north Asia, Nelson now has operational oversight for the commercial functions of Turner’s business in Southeast Asia Pacific in addition to Japan and Korea. Reporting into him from these three regional areas are Tom Perry, Ron Lee and Robi Stanton, respectively.
Commenting on this elevation, Asia Pacific president Ricky Ow said, “In his new role, I am certain Phil will enable us to optimize our brands and operational efficiency. With his experience of the media business in Asia Pacific, Phil’s role at the heart of Turner’s commercial operations will undoubtedly put us in a stronger position for future growth. His expanded remit will allow us to identify even more new opportunities across the region.”
Nelson joined Turner Asia Pacific in 2010 as the head of business development responsible for business and corporate development as well as strategic planning across all Tuner businesses throughout Asia. In 2013, his role was expanded to include the north Asia business.
Prior to joining Turner, Nelson was managing director of AOL Asia, based in India and responsible for the digital pioneer’s business and operations throughout the region. Previous positions with AOL included general manager, AOL India and various executive positions in programming, technologies and finance based in AOL’s US headquarters.
Before entering the corporate sector, Nelson was a commander in the US Navy and was stationed throughout the world including Japan, the Middle East and Washington DC. Nelson holds an MBA from Harvard University. He was born in Singapore and has spent most of his life in Asia.
Brands
Maruti Suzuki posts record FY26 profit of Rs 14,445 crore, dividend at Rs 140
Sales hit 24.22 lakh units as Q4 revenue crosses Rs 50,000 crore mark
NEW DELHI: Maruti Suzuki India Limited reported its highest-ever annual performance for FY2025-26, with record sales volumes, revenue and profit, alongside a dividend of Rs 140 per share.
The company posted net sales of Rs 1,74,369.5 crore for the full year, marking a 20.2 per cent increase over FY2024-25. Net profit stood at an all-time high of Rs 14,445.4 crore, up slightly from Rs 14,297.6 crore in the previous year.
Total sales for the year reached 24,22,713 units, compared to 22,34,266 units last year. Domestic sales accounted for 19,74,939 units, while exports rose sharply to 4,47,774 units from 3,32,585 units a year earlier. The company retained its position as India’s top passenger vehicle exporter for the fifth consecutive year, contributing 49 per cent of total exports.
Exports of the made-in-India e VITARA, the company’s first battery electric vehicle, expanded to 44 countries, highlighting its growing global footprint.
In the January to March quarter, Maruti Suzuki recorded its highest-ever quarterly sales of 6,76,209 units, an increase of 11.8 per cent year-on-year. Domestic sales stood at 5,38,994 units, while exports touched a record 1,37,215 units.
Quarterly net sales crossed the Rs 50,000 crore milestone for the first time, reaching Rs 50,078.7 crore, up from Rs 38,839.1 crore in the same quarter last year.
Operating profit, measured as EBIT, rose 30.4 per cent to Rs 4,409.2 crore, reflecting improved operating efficiency. However, net profit declined 6.9 per cent year-on-year to Rs 3,590.5 crore, primarily due to mark-to-market impacts.
The company said growth in the second half of the year was supported by a reduction in GST rates, which boosted demand in the domestic market. However, production constraints remained a challenge, with around 1,90,000 pending customer orders at the end of the year, including nearly 1,30,000 in the small car segment. Dealer inventory levels were also low, at about 12 days of stock.
During the year, Suzuki Motor Gujarat Private Limited was amalgamated into the parent company, effective 1 December 2025, with financials restated from 1 April 2025 for comparability.
The board recommended a dividend of Rs 140 per share, up from Rs 135 in FY2024-25, marking the highest payout in the company’s history.
With strong export momentum, improving domestic demand and continued capacity constraints, Maruti Suzuki enters FY27 balancing growth opportunities with supply-side challenges, even as it strengthens its position in both conventional and electric vehicle segments.
