MAM
Agoda uses AI to share global destinations to celebrate New Year’s Eve in style
Mumbai: As the year draws to a close, digital travel platform, Agoda, uses AI technology to unveil the ultimate list of global destinations for an unforgettable New Year’s Eve celebration. Keeping in mind both the jet-setting, partygoer, and family-friendly reveller, this top ten selection promises to deliver scenic views, electrifying parties, and an unmatched vibe to welcome the New Year.
From the iconic fireworks over Sydney Harbour to the legendary Times Square ball drop, this destination list offers ideas for cultural experiences, and breathtaking displays, including revelling in the night away in Rio de Janeiro or embracing the traditions of Edinburgh’s Hogmanay.
AAgoda country director India, Sri Lanka, and Maldives Krishna Rathi “Exploring the boundaries of innovation and the latest technology is the heart of what we do at Agoda. So why not have a little fun with this end-of-year story?! As recommended by some of the leading AI software of the moment, this list is meant to ignite a sense of wonder amongst aspiring travellers and perhaps even inspire the more spontaneous to book a last-minute getaway on Agoda. Whether it’s a short getaway within Asia or a longer trip to the other side of the world, Agoda provides the best deals.”
Ten Great New Year’s Eve Destinations
1. Singapore: Marvel at the dazzling fireworks display in Marina Bay and indulge in vibrant street parties and carnivals.
2. Bali, Indonesia: Celebrate on the beach with festive fireworks and traditional Balinese performances.
3. Ho Chi Minh City, Vietnam: Revel in the festive atmosphere with fireworks over the Saigon River and vibrant nightlife in District 1.
4. Tokyo, Japan: Embrace the Japanese tradition of watching the year’s first sunrise, with cultural celebrations and modern countdown parties.
5. Sydney, Australia: Experience the world-renowned fireworks display over the Sydney Harbour Bridge and Opera House, with family-friendly events and parties.
6. New York City, USA: Join the masses in Times Square for the iconic ball drop, or choose from countless parties and concerts across the city.
7. Rio de Janeiro, Brazil: Immerse yourself in the vibrant energy of Copacabana Beach, with samba rhythms and a spectacular fireworks show.
8. London, England: Watch the night sky light up with fireworks along the River Thames, with various boat parties and events to choose from.
9 Edinburgh, Scotland: Take part in the historic Hogmanay celebrations, complete with processions, concerts, and the unique Loony Dook tradition (a fancy dress New Year’s Day swim in the chilly Firth of Forth)
10. Reykjavik, Iceland: Join the locals for community bonfires and fireworks displays set against a snowy landscape, with the chance to see the Northern Lights.
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.
