MAM
Ad agency 1pointsize sparkles at Spark 2004
MUMBAI: Creative outfit 1pointsize recently stole the show at the 2004 Spark which were awards hosted by the Ad Club Chennai as it walked away with five Golds, five silvers and two bronzes. The Chennai-based hot shop finished a close third behind JWT Bangalore and JWT Chennai.
1pointsize caused a major upset by winning metals in heavy-duty categories like Brand Building Campaign of the Year, Art Director of the Year and Television Commercial – English. The other prized wins were for photography, public service, corporate identity, typography, calendar and rural campaign.
An elated founder and CEO of 1pointsize Sharad Haksar said, “With just five people and a handful of small brands, we are rocking. We got nominated in 12 categories. And we’ve won in all the 12 categories. Last year we won seven metals. This year we’ve won 12.”
Haksar lead the way by winning a gold and silver for photography. ““Yeah, it’s nice to win for photography. But what gave me more kicks this year was we won in loads of categories. In the Brand Building Category, Stori beat big brands like Ford and Color Plus to bag the silver. In The Television Commercials category we won a gold for our first ever TVC (for Reva Electric Car). The other award I really treasure is the Art Director of The Year award for C P Sajith. He really deserved it. Overall I am quite pleased,” gushes Haskar.
For a two year old advertising agency, that’s quite a feat accomplished.
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.
