MAM
Suniel Shetty joins Hype Luxury as a brand ambassador
Mumbai: Hype Luxury announces the signing of actor and entrepreneur Suniel Shetty as its brand ambassador. Headquartered in Bengaluru, Hype Luxury, founded by visionary entrepreneurs Raghav Belavadi and Vijaya Belavadi in 2017, has rapidly expanded to 23 cities in Bharat and operational presence in seven other countries. Offering unparalleled experiences in luxury cars, yachts, and private jet rentals, this collaboration with Suniel Shetty marks a strategic move to propel Hype Luxury to new global heights.
Boasting a fleet of over 30,000 luxury cars, 20,000 private jets, and 1800 luxury yachts, Hype Luxury stands as the largest luxury platform, seamlessly integrating various mobility services. Suniel Shetty’s association with the brand signifies a significant milestone, aligning with Hype’s mission to establish Bharat’s first global luxury mobility platform.
Suniel Shetty expresses his excitement, stating, “I’m delighted to be the face of Hype Luxury as this association allows one to experience luxury without owning it. Hype Luxury offers vehicle leasing and exclusive services on land, air and water in a more flexible consumption pattern, to help customers realise their aspirations and dreams of living a luxurious life. Raaghav and Vijaya have ensured that the brand resonates with HNI & UHNI achievers who are always on the lookout for new concepts of modern luxury without the hassles of purchasing it. By expanding its worldwide range of mobility services, it is responding to changing customer preferences and the trend towards digital, flexible and individual choice.”
The founders, Raaghav and Vijaya, transformed a nightmare experience into the inception of Hype Luxury when arranging a luxury car for their parents’ anniversary proved challenging. Bootstrapping the company, they ensured profitability even during the COVID-19 pandemic, reflecting their exceptional business acumen.
Raaghav Belavadi commented on their association, stating, ” Suniel Shetty epitomizes the essence of luxury and charisma, making him the perfect face for Hype. His association signifies a synergy of elegance and grandeur, elevating Hype to new heights in the world of global luxury mobility experiences”. “Targeting High Net Worth Individuals (HNIs) and Ultra High Net Worth Individuals (UHNIs), the luxury segment has witnessed exceptional growth at a staggering 16 per cent Compound Annual Growth Rate (CAGR) globally, gaining prominence in the post-COVID era. It’s time to bring premium services to the front line in Bharat”.
Hype Luxury operates in 23 cities across Bharat, including Ahmedabad, Bangalore, Chandigarh, Chennai, Cochin, Coimbatore, Delhi NCR, Goa, Hyderabad, Indore, Jaipur, Jodhpur, Kolkata, Mangalore, Mumbai, Madurai, Pondicherry and others. Internationally, it has a presence in Dubai, UK, Alaska, Bahamas, Costa Rica, Maldives, New Zealand and the French Riviera
Brands
Nestlé India posts Rs 45,641 crore profit before tax in FY26
Strong cash flow of Rs 50,475 crore offsets higher costs, payouts.
MUMBAI: If there’s one thing brewing stronger than coffee this year, it’s Nestlé India’s balance sheet. The FMCG major closed FY26 with a solid financial performance, serving up steady growth even as costs and cash outflows kept the pressure simmering. For the year ended March 31, 2026, the company reported a profit before tax of Rs 45,641 crore, up from Rs 43,161 crore in the previous year. The numbers reflect resilience in core operations, supported by a strong consumption backbone across domestic and export markets.
Cash, meanwhile, was anything but idle. Nestlé India generated Rs 50,475 crore in net cash from operating activities, a sharp jump from Rs 29,345 crore last year highlighting robust underlying demand and improved working capital efficiency. Inventory reductions alone contributed Rs 2,809 crore, while trade payables rose by Rs 5,878 crore, adding further liquidity support.
But it wasn’t all smooth sailing. On the investing side, the company deployed Rs 8,297 crore towards property, plant and equipment, even as overall investing cash outflow stood at Rs 6,236 crore. Financing activities saw a significant drain, with Rs 31,794 crore flowing out driven largely by dividend payouts of Rs 23,139 crore and repayment of short-term borrowings.
The balance sheet tells a story of expansion with caution. Total assets rose to Rs 1,31,824 crore from Rs 1,21,933 crore, while equity climbed to Rs 51,569 crore, reflecting improved reserves and retained earnings. Cash and cash equivalents surged to Rs 13,205 crore, a sharp rise from Rs 761 crore a year ago, underscoring stronger liquidity despite heavy outflows.
Operationally, depreciation and amortisation expenses increased to Rs 6,992 crore, while finance costs and provisions continued to shape the cost structure. At the same time, working capital movements especially in inventories and receivables played a key role in boosting cash generation.
The broader takeaway? Nestlé India’s FY26 performance is less about headline growth and more about financial muscle. With strong cash flows cushioning rising investments and payouts, the company appears to be balancing expansion with discipline keeping its books as carefully measured as its recipes.
