MAM
Veedehi Patel appointed head of HR at Adani Defence and Aerospace
MUMBAI: Adani Defence and Aerospace has appointed Veedehi Patel as its new head of human resources, entrusting her with the mission of shaping a dynamic and inclusive workplace. With a strong background in talent development, workforce planning, and organisational design, she is set to play a key role in driving strategic HR initiatives.
Patel brings a wealth of expertise from her tenure at Adani Enterprises Limited, GE Grid Solutions, LM Wind Power, and GE HealthCare. Throughout her career, she has been instrumental in strengthening HR strategies, fostering employee engagement, and building high-performing teams.
An MBA graduate in human resources management from Xavier Institute of Social Service, she is known for her people-centric approach. At Adani Defence and Aerospace, she will focus on enhancing employee experiences, aligning HR practices with business objectives, and cultivating a culture of innovation and collaboration.
With a vision to empower talent and accelerate organisational growth, Veedehi Patel’s leadership marks an exciting new chapter for the company’s evolving workforce strategy.
Brands
Domino’s Q1 profit falls 6.6 per cent, announces $1 billion buyback
Sales rise 3.4 per cent as pizza giant balances growth and shareholder returns
NEW YORK: Domino’s reported a mixed start to 2026, with first-quarter net income slipping even as global sales and store expansion held steady. The company also announced a fresh $1 billion share buyback, underlining its continued focus on shareholder returns.
Global retail sales rose 3.4 per cent on a constant-currency basis to $4.74 billion. The US remained a key growth engine, with same-store sales inching up 0.9 per cent, supported by a 1.5 per cent rise at company-owned outlets.
International markets, however, painted a more uneven picture. While Domino’s added 161 net new stores overseas during the quarter, international same-store sales declined 0.4 per cent. Overall revenues still climbed 3.5 per cent to $1.15 billion, driven by higher supply chain revenues and a 2.6 per cent increase in food basket pricing for franchisees.
On the profitability front, net income fell 6.6 per cent to $139.8 million, compared to $149.7 million a year earlier. Diluted earnings per share dropped to $4.13 from $4.33. The decline was largely attributed to a $30 million unfavourable swing in unrealised gains linked to its investment in DPC Dash Ltd.
Despite this, operational performance showed resilience. Income from operations rose 9.6 per cent to $230.4 million, supported in part by a $7.8 million pre-tax gain from the sale of a corporate aircraft.
Domino’s footprint continued to expand, with the company ending the quarter at 22,322 stores across more than 90 markets. In the US, digital orders remained dominant, accounting for over 85 per cent of retail sales in 2025.
The company also maintained its dividend payout, declaring $1.99 per share, payable on 30 June 2026. After repurchasing $75.1 million worth of stock during the quarter, the new authorisation lifts the total available for buybacks to $1.29 billion.
Domino’s chief executive officer Russell Weiner said the company’s scale and store-level economics position it well to capture further market share in 2026, even as competition intensifies.
As Domino’s leans into expansion and capital returns, the latest results show a business managing short-term pressures while keeping its long-term growth strategy firmly in play.
