MAM
Game changers take the stage at Stairs National Games and Ebel Awards
MUMBAI: It’s not just medals that will be won, minds, movements and milestones are in the making. On Monday, 19 May, New Delhi’s Talkatora Indoor Stadium will host a sports spectacle with a purpose as the Stairs National Games 2025 and Ebel Awards 2025 roll out the red carpet for grassroots glory and transformative youth leadership.
Organised by the Stairs Foundation (Society for Transformation, Inclusion, and Recognition through Sports), the event is no ordinary gathering. It’s a dynamic convergence of young athletes, changemakers, policymakers, and performers from across the country and beyond, coming together to prove that sport is more than just play, it’s a powerful language for unity and impact.
With participation from over 20 states, the Stairs National Games champions inclusivity by levelling the playing field where talent, not privilege, determines victory. At the same time, the Stairs National Sports Excellence Awards will spotlight those who’ve quietly coached, mentored, and built India’s sports ecosystem from the ground up.
The evening will crescendo with the Ebel (Ek Bharat Ek Lakshya) Awards 2025, recognising individuals and institutions creating ripples in education, wellness, inclusion, and innovation. The awards have become one of India’s most aspirational honours in youth transformation saluting local heroes and global allies redefining empowerment from the grassroots.
Chief guest Pankaj Kumar Singh, Minister for Health, Family Welfare, Transport, and IT, will headline the proceedings, joined by H.E. Patrick John Rata, High Commissioner of New Zealand to India, and several dignitaries from governance, diplomacy, and public service. Special guests also include Sheeshpal Rajput, Vikram K. Porwal (IPS), and Ajit Sharan, bringing a blend of policy and purpose to the celebration.
Taking centre stage alongside these stalwarts are Stairs Brand Ambassadors international boxer Gaurav Bidhuri, actor and youth advocate Amit Sadh, and para-athlete Rohtash Chaudhary, who embody the campaign’s core belief: that India’s future leaders will rise from its playgrounds.
Stairs Foundation founder & President Siddhartha Upadhyay states, “We are building a scalable and sustainable model of youth empowerment. By combining sports, education, equity, and ethical leadership, we’re nurturing not just athletes but visionary citizens. The Stairs platform is about democratising opportunity, amplifying grassroots voices, and preparing India’s youth to lead, inspire, and transform. India’s future will rise from its playgrounds.”
Expect more than applause, the event will feature taekwondo, yoga, jump rope acts, and a stirring audiovisual tribute to Stairs’ journey. With the Stairs platform aligned to the United Nations sustainable development goals, and partnerships spanning embassies, federations, and NGOs, the evening promises to be a launchpad for larger conversations and collaborations.
And just like that, the whistle will blow for a movement that’s raising much more than games. It’s raising a nation.
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.
