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TCS reaps growth honours with Everest Group’s 2025 Elevate recognition
MUMBAI: Scaling new peaks comes naturally to TCS. Tata Consultancy Services has been crowned with the ‘Growth Honor’ of the year at Everest Group’s 2025 Elevate Honors in Dallas, a recognition that applauds its industry-leading organic growth and market impact.
The IT giant marked a staggering 39.4 billion dollars in total contract value and 30 billion dollars in revenues in FY25, consolidating its position as one of the world’s most powerful tech players. Everest Group noted TCS’ consistent revenue growth among global peers with revenues above 5 billion dollars, calling it proof of delivery excellence, operational strength, and innovation at scale.
“This award reflects our unwavering commitment to growth, driven by our expertise in AI and digital transformation, and the trust our clients place in us,” said TCS, global head – analyst relations, Nikhil Shahane.
The recognition caps a landmark year for TCS. In 2025, it became the world’s second-largest IT services brand, with a valuation of 21.3 billion dollars, and secured a spot in Fortune’s ‘World’s Most Admired Companies.’ Meanwhile, Whitelane Research ranked TCS first for customer satisfaction in Europe, for the twelfth consecutive year.
Everest Group, partner, Ronak Doshi said: “Elevate Honors are based on fact-based, analyst-driven research. Honourees like TCS are recognised solely for high performance and excellence.”
TCS’ growth story is being fuelled by next-gen bets, especially on artificial intelligence. The firm recently appointed a chief AI and services transformation officer and expanded services spanning AI, cloud, data, cyber security, and digital engineering. Its global clientele includes the top names in banking, telecom, retail, healthcare, and entertainment.
With over 600,000 employees across 55 countries, TCS is not only delivering technology-led transformation but also investing in long-term partnerships, sustainability, and community impact, including sponsorship of marathons from New York to London to Sydney.
In short, TCS isn’t just climbing mountains, it’s building them.
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.
