MAM
Wavemaker’s Anil Kumar joins Spatial Access
MUMBAI: Anil Kumar from Wavemaker has joined Spatial Access, India’s first and largest media audit and advisory company, as its head of strategy. Kumar comes with over two decades of experience having worked in multiple markets and agencies, recently with Wavemaker, Mumbai.
“Anil’s one point agenda will be to bring more transparency and better ROI for our client’s media spends,” said Spatial Access CEO Vineet Sodhani. “His deep and wide experience in media agencies and media houses will help us drive our transparency agenda. He will also enhance client deliveries by giving strategic inputs on their media spends with the objective of improving their ROI.”
Prior to joining Spatial Access, Kumar was working with Wavemaker where he worked on multiple clients like Tata Sky, Kotak, Zydus and DPA among others. And earlier to that, he was with MediaCom, Starcom, Mudra Max, BCCL and Lodestar.
On his appointment, he said, “I am excited to join Spatial Access to be able to offer more transparency and better value for our clients’ investments.”
Spatial Access is India’s largest marketing and media audit and advisory company that helps advertisers increase their ROI on marcom expenditure. It uses proprietary tools and processes to analyse a marketer’s spends in traditional as well as digital media, print production, BTL, Ad Films, agency partnerships etc. and give them specific recommendations on how to improve both efficiency and impact. Spatial Access works with clients whose spends range from a few million to few billion – Indian start-ups and conglomerates as well as global MNCs.
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.
