MAM
IAA marks 85 years of existence
Mumbai: This October, the International Advertising Association (IAA), the world’s most influential network of marketing and marketing communications professionals and global umbrella body for the marketing and advertising industry is celebrating 85 years of existence with a series of key events and initiatives aimed at bringing together its thousands of multidisciplinary members. Among the initiatives are:
● The official launch of IAA’s new 85 years celebrations logo starting 3 October 2023
● 3 October 2023 – The IAA Global B2B Brand Summit with a selection of the finest voices in B2B from around the world.
● 4 October 2023 – A gala dinner in New York City, attended by 85 of IAA global leaders and IAA Compass partners from 56 countries around the world.
● 6-8 March 2024 – The 45th IAA World Congress, which takes place every two-three years in major cities around the world, will be held in Penang, Malaysia highlighting sustainability, diversity, equity, inclusion and ESG.
IAA Global chairman and world president Sasan Saeidi said: “Since IAA was founded 85 years ago by Thomas Ashwell and 12 Ad Execs at the New York Harvard Club, much has changed in the industry and in the approach of advertising goods and services. IAA is kicking off celebrations with initiatives which bring together our vast and multidisciplinary members, allowing IAA to tap on global best practice and play a strong role in supporting key industry issues and values.”
IAA Global executive global director Dagmara Szulce said: “The IAA North Star values of creativity, advocacy, education, collaboration, professional development, diversity, equity, and inclusion guide IAA and underscore our 85 years celebrations. IAA is committed to helping the communication industry navigate the implementation of the North Star values in their own company cultures, in a rapidly changing world.”
IAA Global VP diversity, equity, and inclusion of and IAA Australia president Sheba Nandkeolyar said: “It is a privilege to lead IAA DE&I and Australia at this important time in IAA’s history. As our 85 years celebrations spotlight IAA’s value for members, I am pleased to see increased demand in joining our network of over 4,000 individual and corporate members spanning marketing, advertising, media, IT communications and academic sectors spanning 56 countries.”
IAA Australia chair Heather Leembruggen said: “In our 43 years existence in Australia, IAA has flourished and established a strong reputation through our thought leadership and initiatives such as IAA Australia’s Big Idea Challenge – one of the iconic initiatives designed by IAA for the next generation – now in its 21st year. With the benefit of a rich and long history to learn from, the future of IAA and IAA Australia is bright.”
IAA area director & vice president, Asia Pacific region Pradeep Dwivedi said: “The IAA APAC region has amazing potential and joins the IAA @ 85 celebrations along with chapters in Australia, Bangladesh, China, India, Iran, S. Korea, Malaysia, Macao, Mongolia, Nepal, Pakistan, Sri Lanka, Taipei and new emerging chapters to take the ideals of the IAA forward and collectively ensure that IAA remains the leading compass of marketing communications globally in a dynamic business world, even as we thrive on the amazing confluence of creativity and technology in our industry with social impact as a key tenet”
IAA India Chapter president Avinash Pandey expressed, “As the International Advertising Association marks its remarkable 85-year journey, we take pride in being part of this global community that has consistently shaped the landscape of marketing and advertising. The series of events and initiatives planned for this milestone not only reflect the IAA’s enduring commitment but also offer a platform for our diverse members to connect, collaborate, and contribute to the future of our dynamic industry. We look forward to contributing to the continued success and influence of the IAA as we navigate the exciting intersection of creativity and technology, with social impact at the forefront of our endeavours. Here’s to 85 years of innovation, camaraderie, and the unwavering spirit that propels the IAA forward.”
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.
