MAM
Reliance Life Insurance, ICC, Room to Read launch campaign
MUMBAI: Reliance Life Insurance has joined hands with the International Cricket Council (ICC) and Room to Read – a global non-profit organisation committed to promoting literacy and gender equality in education, to launch the ‘Boundaries for Books’ campaign.
Reliance Life Insurance, will do the initiative – ‘Boundaries for Books’. It will contribute Rs 25,000 for every six hit during the cricket World Cup 2011. This donation will be made to Room to Read, towards establishing libraries and providing local language and English books to underserved children across India. Every single six will ensure that at least 30 children get access to fully functional libraries with books and trained teachers, thereby catalyzing a long-term revolution amongst young minds that will lead the future of India.
Cricket fans and the public in general will have the opportunity to contribute to this fight against illiteracy, through convenient payment gateways, details of which will be announced shortly.
The announcement, which builds on the ICC’s partnership with Room to Read that was unveiled last week, has received the support of a number of high profile players. These include Sri Lanka’s Angelo Mathews and Australia’s Shane Watson, who have become the first cricketers to become global Room to Read Ambassadors, while the likes of Mahendra Singh Dhoni, Sachin Tendulkar, Ricky Ponting and Dale Steyn have all recorded promotional messages for the ‘Boundaries for Books’ campaign.
Reliance Capital vice-chairman Amitabh Jhunjhunwala said, “Reliance Life Insurance is delighted to launch the ‘Boundaries for Books’ campaign in association with ICC and Room to Read to hit illiteracy for a six. Introducing the minds of disadvantaged young children to the enchanting world of books and the learnings they will get from that rare experience is a joy and privilege for us”.
India‘s captain, Mahendra Singh Dhoni, who along with the other 14 members of India’s ICC Cricket World Cup squad have recorded promotional messages for Room to Read, said: “The ‘Boundaries for Books’ campaign is an opportunity for all of India to get involved and bring their love of their country and love of cricket together for the betterment of our children. If every six I hit will allow children to access books and libraries, then there is no better inspiration for me to play my best!”
Room to Read founder and board chair John Wood stated, “It is a matter of great pride that prominent organisations like Reliance Life Insurance and the International Cricket Council are partnering with us to combat the significant challenge of illiteracy. These organisations are investing their resources in building awareness and making a change. Room to Read is honoured to be a part of this campaign and looks to all cricket fans to play a role in ensuring that the next generation can build their futures on the foundations of a quality education.”
Australia all-rounder and Room to Read Ambassador, Shane Watson said, “I am honoured to be associated with Room to Read and the ‘Boundaries for Books’ campaign during this year’s ICC Cricket World Cup 2011. I first got into reading when I was about eighteen, and I now realise how important it is for everybody to have the opportunity to have access to books. Room to Read is making reading a reality for millions of children – as they say ‘World Change Starts with Educated Children’– and I am committed to helping this organisation reach as many children as they possibly can.”
Sri Lanka all-rounder and Room to Read Ambassador Angelo Mathews said, “From the time the tsunami hit Sri Lanka, Room to Read has been with our children, ensuring quality education programs across the country. As an ambassador of this cause, I ask each of you to get involved and do what you can to make sure that the next generation is empowered with an education.”
Reliance Big FM, with a special ‘Hit illiteracy for a Six‘ segment, Big Cinema, Big CBS and various other Reliance ADA Group platforms will be used to reach across the masses. Prizes for top donors – such as invitations to a Reliance event in Mumbai with cricketers and other prominent personalities, signed memorabilia, photo opportunities and other incentives – will help propel the cause.
The public can stay informed about the campaign at www.roomtoread.org/worldcup. The payment gateway will be powered by HDFC.
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.
