MAM
Yulu brings in Rupini Raman as HR head
Mumbai: Homegrown shared electric mobility company Yulu has brought Rupini Raman on board as head of human resources (HR).
In this new role, her key responsibilities will be to build Yulu into a preferred employer brand, scale up the talent pool, and create an inclusive, enriching and progressive work culture, said the company in a statement.
“As we enter into a pivotal phase of multi X growth, starting with a 10 times expansion plan for 2022, getting our people strategy right will be a critical success factor,” stated Yulu CEO and co-founder Amit Gupta. “With her rich experience, Rupini will anchor Yulu’s HR strategy and vision, build organization capability to attract & retain the best talent, and create a great working culture at Yulu.”
Raman comes with 17+ years of experience in HR and organisational development (OD) in many industries, including fintech, ITES, financial services, logistics, and hospitality. In her last stint, she worked with fintech start-up Vivriti Capital as head of HR through its high-growth phase, and created an ecosystem for large-scale, high-skilled talent acquisition. Earlier, she was the head of the rewards and talent management division at Agility, where she oversaw the HR functions for 6000+ employees spread across the Middle East, Africa and EU regions. She has also been associated with global brands like RR Donnelley, Hutchison Whampoa, and American Express.
“As a shared EV mobility leader with a unique business model, many strategic partnerships, and a deep tech backbone, Yulu is very strongly positioned to redefine the mobility landscape in India,” said Rupini Raman. “It is a privilege to be part of Yulu and work with some of the industry’s best minds towards creating a sustainable future for our planet.”
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.
