MAM
Dentsu Aegis Network’s Vivek Bhargava adds one more feather to his cap!
Mumbai, 13 March 2019:Vivek Bhargava, CEO, Dentsu Aegis Network (DAN) Performance Group, has had a fantastic start to the year 2019 with his team Flying Falcon winning the top spot in the Mumbai Games.
The tournament, presented by SportzConsult that aims to bring together the people of Mumbai to give them a chance to play, is touted to be the world’s first city level franchise-based, multi-aged sports extravaganza.
Flying Falcon, co-owned by Vivek Bhargava and Rohan Timblo, CEO at PitchVision, secured the top position in the Elite Cup of Mumbai Games after beating 7 teams. The Elite group comprised the top 200 players in Maharashtra,which were bought by the different franchises at the Elite Player Auction. The Elite division had both male and female players in the sports of basketball, football, TT, tennis, carrom, badminton and chess.
Commenting on the win, Vivek Bhargava, CEO, DAN Performance Group and co-owner of Flying Falcon said, “I believe that one needs to follow his or her passion – be it work, personal or both. I run a successful business but that has never stopped me from realising and living my other passions. Such events help people – like me too, to participate and live the dream. Hope to see many more wins with my brilliant team. We at Flying Falcons are proud to win the inaugural Elite Championship.”
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.
