MAM
Sobhita Dhulipala set to walk for Magnum India at Cannes Film Festival
Mumbai: Building on the illustrious heritage of crafting exquisite premium ice creams, Magnum India has geared up to dazzle at the prestigious Cannes Film Festival alongside – Sobhita Dhulipala. The collaboration promises to merge indulgence with elegance, promising an unforgettable experience of luxury and style.
With a legacy deeply rooted in fashion and luxury, Magnum believes a day without pleasure is a day lost. Through this association, Magnum aims to dive deeper into the realms of passion, pleasure, creativity, and versatility.
In addition to Sobhita’s captivating appearance on the brown carpet, she will be attending the exclusive Magnum party and the Magnum lounge with celebrated names like Troye Sivan and Mura Masa. It is a night of custom-dipped decadence, mind-blowing installations and pleasure stations designed to transport Pleasure Seekers to immerse in a world of indulgence and allow themselves to go Wherever Pleasure Takes You.
“Partnering with Sobhita Dhulipala for this year’s Cannes Film Festival embodies everything Magnum ice cream stands for—sophistication, boldness, and the pleasure of indulgence,” said HUL– Foods & Refreshment executive director Shiva Krishnamurthy. “Cannes not only celebrates cinematic art but also serves as a showcase for timeless elegance and daring creativity, much like Magnum’s ice creams. Sobhita’s vibrant presence and fashion-forward style beautifully align with our pursuit of crafting experiences that are as visually stunning and delectable. This association at Cannes highlights our continuous commitment to being at the forefront of pleasure and luxury, delighting our audience in new and exciting ways.”
Speaking on the occasion Sobhita Dhulipala added “Taking my journey with Magnum a notch higher with the Cannes Film Festival is both exciting and symbolic of my relationship with the brand, where we progress alongside creating colourful memories. This experience allows me to create these moments of pleasure as this association is a perfect blend of fashion, film and flavour. I’m looking forward to showcasing how Magnum ice cream transforms everyday indulgence into something truly spectacular.”
This collaboration at Cannes marks a momentous occasion for both Magnum India and Sobhita Dhulipala, perfectly encapsulating the spirit of creativity and luxury. With a blend of fashion, film, and flavour, this partnership sets a new standard for indulgence, ensuring that the ‘Magnum experience’ remains unforgettable long after the festival lights dim.
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.
