MAM
Gillette India Ltd. appoints Srividya Srinivasan as its chief financial officer
Mumbai: Gillette India Ltd announced the appointment of Srividya Srinivasan as the company’s chief financial officer effective 1 November 2024. Srividya is taking over the role from Gautam Kamath, who will be moving onwards to his new assignment as vice president – corporate strategy in the P&G Global Headquarter.
Srividya brings a diverse and rich experience in various finance roles across a career spanning 19 years. She joined P&G in 2005 in the United States of America and has since worked across various roles delivering outstanding results for several P&G businesses as well as serving various markets, including USA, Latin America, Philippines. An alumnus of Darden School of Business, University of Virginia, Srividya currently is the vice president & head of global business services and global external reporting in P&G Philippines.
Speaking about her new role, Srividya Srinivasan said, “I am thrilled and deeply humbled to kickstart the next phase of my journey with P&G and coming back to India. This role is a never-before opportunity for me, to work with various stakeholders to bring our integrated growth strategy to life and contribute towards delighting our consumers with superior propositions and growing our business. These are exciting times, and I look forward to contributing to the growth of P&G in India and working towards making peoples’ lives better in small but meaningful ways, every day – together with our people who are the backbone of this organisation.”
Speaking on the occasion, Gautam Kamath said, “It has been an absolute honour and a privilege to serve as the CFO for Gillette India Limited. The last 3.5 years have been rewarding and full of immense learnings, working with various stakeholders of the business to bring our integrated growth strategy to life in our commitment to deliver exceptional results. As I extend a warm welcome to Srividya, I am confident that we will scale new heights of business and people growth. I am only optimistic about what the future holds.”
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.
