MAM
IAA appoints Srinivasan Swamy as president
MUMBAI: International Advertising Association India Chapter has unanimously elected RK Swamy BBDO chairman and MD Srinivasan Swamy as president for the year 2012-2013 at the Annual General Meeting on 2 November.
Swamy was the VP of the association for the year 2011-2012.
Swamy said, “In today‘s global economy, associations like the IAA play a pivotal role in building cross- cultural bridges, and in ensuring a seamless transition of ideas and interests across the world”.
Since the IAA represented marketers, agencies and the media, it had a very important role to play in developing the communication industry in the country and across the globe, he added.
Swamy said that apart from the Olive Crown awards and the other regular activities that the IAA conducts, he would make a concerted effort to spread the activities of the India Chapter to different parts of the country. Another thrust area would be to get mid-sized agencies and media houses to get further involved in the activities of the IAA so that they could benefit from the involvement and participation.
He is replacing Reliance Industries president- Brand Strategy and Marketing Communication Kaushik Roy who was the president of IAA India Chapter for two years.
Roy said, “As I bid adieu, post my two year stint as the president of the IAA India Chapter, I feel happy to have been a part of this eventful roster of events. I have to thank Mr Pradeep Guha (VP and Area Director (Asia Pacific) of the IAA), for orchestrating this CEO Delegation 2012 that saw 23 top-ranking professionals, from across marketing, advertising and the media. My grateful thanks to all my Mancom colleagues who have been so generous with their time to support all the programmes we have had in the last two years.”
Meanwhile, Crayons Advertising MD Kunal Lalani will be taking over the role of VP of the association, replacing Swamy.
Kunal Lalani, MD of Crayons Advertising has been appointed Vice President of the Association.
Turner International India GM- Entertainment Networks – South Asia Monica Tata will take over the responsibility of honorary secretary, while Jaya Advertising director and chairman Jaideep Gandhi will play the role of treasurer.
The managing committee members elected are Avinash Pandey (MCCS COO), M.G.Parameswaran (Draftfcb + Ulka Advertising executive director and CEO), Neeraj Roy (Hungama Digital Media Entertainment MD and CEO), Raj Nayak (Colors CEO) and Sam Balsara (Madison World chairman and MD) and the new Committee also co-opted Ramesh Narayan (Canco Advertising co-founder), Shreyams Kumar (The Mathrubhumi Ptg and Pbg director), Arunabh Das Shrama (BCCl president), Abhisek Karnani, Manish Advani (Mahindra SSG head marketing and PR) and Neville Taraporewala (Microsoft director India Advertiser and Publisher Solutions Group).
The India Chapter of IAA (IC-IAA) was incorporated in July 1991 to constitute a local Chapter of the global body.
Brands
Sapphire Foods FY26 revenue rises to Rs 3,125 crore, posts loss
Q4 revenue at Rs 792 crore, FY26 loss at Rs 32 crore amid cost pressures.
MUMBAI: If growth is on the menu, profitability seems to have taken a brief detour. Sapphire Foods India reported a steady rise in topline for FY26, even as rising costs weighed on profitability. Revenue from operations grew to Rs 3,125 crore for the year ended March 31, 2026, up from Rs 2,882 crore in FY25. However, the company swung to a loss, reporting a net loss of Rs 32 crore for FY26, compared to a profit of Rs 17 crore in the previous year. Total income for the year stood at Rs 3,153 crore, while total expenses climbed to Rs 3,167 crore, reflecting pressure across key cost heads.
In the March quarter, revenue came in at Rs 792 crore, compared to Rs 711 crore in the same period last year. The company reported a quarterly net loss of Rs 13 crore, against a profit of Rs 2 crore a year earlier.
Cost pressures remained visible across operations. Material costs rose to Rs 995 crore for FY26, while employee expenses increased to Rs 428 crore. Other expenses, the largest component, stood at Rs 1,229 crore, underscoring the impact of store operations and expansion-related spends.
Depreciation and amortisation expenses also climbed to Rs 392 crore for the year, reflecting continued investments in store infrastructure and growth.
At the operating level, the company reported a loss before tax of Rs 37 crore for FY26, compared to a profit of Rs 23 crore in FY25. Exceptional items added Rs 24 crore to the cost burden during the year.
On the balance sheet, total assets rose to Rs 3,256 crore as of March 31, 2026, up from Rs 3,041 crore a year earlier, indicating ongoing expansion. Net worth stood at Rs 1,389 crore.
Despite profitability pressures, operating cash flow remained resilient at Rs 507 crore, highlighting underlying business strength and demand stability.
The numbers paint a familiar picture in the quick-service restaurant space, growth continues to be served hot, but margins are still finding their footing.
