MAM
Mipim names Nicolas Boffi as new director
PARIS: Rx France has appointed Nicolas Boffi as director of Mipim, the global urban festival that each March draws more than 20,000 delegates to Cannes. An engineer and urban planner by training, Boffi has over two decades of experience in real estate and urban development, spanning project management, business development and public affairs.
He joins from Arcadis, where he led strategy for the global cities programme as Paris city executive, working with both the private sector and city leaders on sustainable projects in the French capital and beyond.
Boffi succeeds Nicolas Kozubek, who steered Mipim through a turbulent period of industry change. Under his watch, Mipim became a forum where real-estate players and policymakers confronted geopolitical risk, technological disruption and the shift towards sustainability.
Filippo Rean, managing director at Rx France, said Boffi’s “strategic mindset and track record in aligning public and private priorities” would help sharpen Mipim’s position as the place where cities’ biggest challenges—sustainability, resilience and competitiveness—are tackled head-on.
Boffi said his priority was to deepen dialogue between the public and private sectors. “The next few years will bring economic, political and fiscal challenges that demand collaboration and bold decision-making,” he said. “Mipim must be where uncertainty turns into opportunity.”
Expect new content under his leadership, from a sharper focus on AI disruption to the race to net zero.
Mipim returns to the Palais des Festivals in Cannes from 9-13 March 2026. The Mipim Asia Summit runs on 3-4 December 2025 in Hong Kong.
Brands
Prataap Snacks posts Rs 1.14 crore Q4 profit, EBITDA up 319 per cent
Yellow Diamond maker posts turnaround with Rs 1.14 crore profit, 10 per cent dividend proposed
NEW DELHI: Prataap Snacks Limited has staged a sharp turnaround in the fourth quarter of FY26, reporting a 319 per cent surge in operating EBITDA and a return to profitability after a challenging previous year.
The Indore-based company, known for brands such as Yellow Diamond and Avadh, posted income from operations of Rs 420.18 crore for Q4 FY26, marking a 5 per cent year-on-year rise. Operating EBITDA climbed to Rs 20.59 crore, while margins stood at 4.9 per cent.
Most notably, the company reported a profit after tax of Rs 1.14 crore for the quarter, reversing a loss of Rs 11.94 crore in the same period last year. Diluted earnings per share improved to Rs 0.48 from a negative Rs 5.00 earlier, signalling a steady recovery in performance.
For the full financial year, consolidated income rose 1 per cent to Rs 1,724.65 crore. Annual operating EBITDA grew 68 per cent to Rs 81.81 crore, while the company posted a net profit of Rs 9.72 crore, compared to a loss of Rs 34.27 crore in FY25.
Reflecting this improved performance, the board has recommended a dividend of 10 per cent, equivalent to Rs 0.50 per share on a face value of Rs 5.
Prataap Snacks Limited managing director Amit Kumat said the recovery was driven by sharper execution and data-led decision-making, including the use of Sales Force Automation analytics. The company also expanded its distribution network to over 5,000 distributors and strengthened its presence on quick commerce platforms.
Looking ahead, the company expects double-digit revenue growth in FY27, though it remains cautious about inflationary pressures on key inputs such as packaging materials and edible oil. Management plans to offset these through tighter cost controls and calibrated pricing strategies.
With profitability back on track and operations stabilising, Prataap Snacks appears to be regaining its footing in an increasingly competitive packaged foods market.
