MAM
Engines roar as JK Tyre racing hits Coimbatore
MUMBAI: Fasten your seatbelts Coimbatore is set for a fuel-charged fiesta. Round 2 of the JK Tyre racing season 2025 kicks off this weekend at the Kari motor speedway, promising fans an adrenaline-packed two days of speed, skill and showdowns. From September 27–28, the action will span the JK Tyre Novice Cup, the Royal Enfield Continental GT Cup and the much-anticipated debut of the single-make Levitas Cup.
The Levitas Cup introduces identically tuned Maruti Suzuki Ignis race cars, pitting 14 rookies and gentlemen racers against each other on a level grid where sheer talent takes the wheel. Meanwhile, the GT Cup’s Pro-Am format will see champions and challengers battle it out on Royal Enfield GT-R650s, with Bengaluru’s Anish Shetty and Pondicherry’s Bryan Nicholas leading their respective tables after Round 1.
In the Novice Cup, teenage sensation Bhuvan Bonu heads the pack, but close finishes from rivals mean the title chase is wide open.
With new twists, debut races and nail-biting rivalries, JK Tyre Racing’s second round promises pure motorsport drama, streamed live for fans across Facebook and Youtube.
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.
