Brands
Fat Tiger on a roll with plan to roar into 200 cities with 500 new outlets
MUMBAI: Rolling out the dough and the dim sum, India’s beloved QSR brand Fat Tiger is cooking up a storm with a bold new expansion strategy aimed at taking its pan-Asian flavours far and wide. The brand has announced a three-year plan to launch 500 new outlets across 200 cities, growing from its current footprint of 80 cities. The expansion, a mix of company-owned and franchise-operated stores, will see the leasing of over 150,000 sq. ft of retail space, with each outlet spanning between 300–500 sq. ft.
But this isn’t just about more momo and boba, it’s also about boosting employment. The brand aims to create over 1,750 job opportunities, cementing its role as a growth driver in the Indian QSR landscape.
Fat Tiger founder and director Sahaj Chopra and Sahil Arya said, “We are focused on growing Fat Tiger’s presence across 200 cities, making our offerings accessible to more customers while generating employment opportunities at scale.”
Known for its innovative spin on traditional favourites, Fat Tiger is not your average quick-serve pit stop. With a menu bursting with momo varieties including new hits like BBQ Momo and Kimchi Momo, the brand has carved a niche for itself. Add to that their signature boba drinks and comfort food classics, and you’ve got a recipe for rapid expansion.
Fat Tiger also prides itself on being the first Indian QSR brand to bring international tea flavours to Indian consumers, while championing sustainability and quality.
As competition heats up in the QSR space, Fat Tiger’s ambitious plan not only spices up the category, it serves up a winning mix of scale, innovation, and flavour.
In true tiger style, the brand is poised to pounce on new opportunities, bringing its unique blend of modern-meets-traditional to doorsteps and tastebuds all across the country.
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.
