MAM
Deltin bets big on Bangalore Turf Club with a galloping show of luxury and leisure
MUMBAI: In a race where elegance met adrenaline, Deltin, the luxury gaming and hospitality powerhouse from Delta Corp, trotted into the limelight at the Bangalore Turf Club (BTC) as the “Fortune Partner” for the high-octane Deltin Juvenile Sprinters’ Million (Grade III) — a sprint showdown for the country’s fastest three-year-old colts and fillies.
But this wasn’t just about thoroughbreds crossing the finish line. Deltin brought its A-game off the track too, curating an immersive, ultra-premium brand experience that included an exclusive experiential lounge, swanky photo ops, and celebratory moments shared with BTC members and guests. Strategic branding galloped across the venue, reinforcing Deltin’s association with elite sport and high-stakes glamour.
Over 4,000 guests flocked to the club, soaking in an atmosphere thick with tradition, thrill, and panache — a vibe perfectly in sync with Deltin’s own ethos of sophistication and high living.
Commenting on the association, Delta Corp COO Manoj Jain said, “Horse racing is a sport steeped in heritage, precision, and prestige – qualities that strongly reflect Deltin’s own brand ethos. Our partnership with the Bangalore Turf Club provided the perfect platform to create a premium experience that resonates with an audience that shares similar demographics and appreciates sophistication, thrill, and exclusivity.”
With this partnership, Deltin isn’t just playing its cards right in gaming and hospitality — it’s making all the right moves in lifestyle storytelling too. The brand’s ongoing strategy to align with legacy-rich sports like horse racing signals a larger ambition: to own the space where adrenaline meets affluence.
Brands
Lotus Chocolate FY26 profit drops sharply, Q4 slips into loss
Revenue steady at Rs 579.55 crore, Q4 loss at Rs 4.47 crore
MUMBAI: Sweet on the top line, slightly bitter on the bottom Lotus Chocolate’s FY26 numbers tell a story that’s more dark cocoa than milk. The company managed to hold its revenue steady for the year, but profitability took a visible hit, capped by a loss-making fourth quarter. Lotus Chocolate Company Limited reported revenue from operations of Rs 579.55 crore for the year ended March 31, 2026, marginally up from Rs 573.75 crore in FY25. Total income rose to Rs 615.61 crore, compared with Rs 574.56 crore in the previous year, supported by a sharp jump in other income to Rs 36.06 crore from just Rs 0.81 crore.
However, the gains at the top did little to cushion profitability. Net profit for FY26 fell dramatically to Rs 0.10 crore, down from Rs 17.23 crore in FY25, reflecting significant cost pressures across the business.
The March quarter proved particularly challenging. The company reported a net loss of Rs 4.47 crore in Q4 FY26, compared with a profit of Rs 0.14 crore in the previous quarter and Rs 1.42 crore in the same quarter last year. Total income for the quarter stood at Rs 138.01 crore, down from Rs 150.21 crore in Q3 FY26 and Rs 157.52 crore in Q4 FY25.
Expenses remained elevated throughout the year. Total expenses rose to Rs 614.44 crore in FY26 from Rs 551.50 crore in FY25, eating into margins. A key swing factor was the cost of materials consumed, which stood at Rs 304.44 crore, while changes in inventories also reflected volatility, with a negative impact of Rs 62.44 crore in the previous year reversing to a positive Rs 52.93 crore this year.
Employee benefit expenses nearly doubled to Rs 34.00 crore from Rs 17.98 crore, while finance costs surged to Rs 16.31 crore from Rs 7.11 crore, indicating higher borrowing and funding costs. Depreciation and amortisation expenses also increased to Rs 3.92 crore from Rs 1.81 crore, reflecting ongoing investments.
On the balance sheet front, total assets stood at Rs 275.96 crore as of March 31, 2026, slightly higher than Rs 270.34 crore a year earlier. Borrowings remained significant, with current borrowings at Rs 89.00 crore, highlighting continued reliance on external funding.
Cash flow dynamics showed improvement in operations, with net cash generated from operating activities at Rs 93.23 crore, compared with a negative Rs 129.60 crore in FY25. However, financing outflows remained high at Rs 74.90 crore, driven largely by repayment of borrowings and interest costs.
Despite stable revenue, the sharp drop in profitability underscores the pressure of rising input costs, higher finance expenses and operational adjustments. The contrast between steady sales and squeezed margins leaves Lotus Chocolate at a crossroads proving that in business, as in confectionery, the real test isn’t just in the sweetness of sales, but in the richness of returns.
