MAM
IndiGo recruits Rashmi Soni as vice-president of corporate communications
MUMBAI: Low cost carrier IndiGo has announced the appointment of Rashmi Soni as vice-president of corporate communications, effective immediately. Soni replaces C. Leekha, who has decided to leave the company to pursue external opportunities.
Leekha had stood up like a rock over the past six years she was with the company, and she helped see It past the low of the Covid lockdowns.
Soni joins IndiGo from PayU, where she was the chief brand & communications officer. With over 28 years of experience in leadership roles with multinational technology brands, she brings a wealth of expertise in strategic communications, brand management, and corporate social responsibility.
IndiGo CEO Pieter Elbers said: ” Rashmi’s rich professional experience and expertise will be invaluable in helping us take IndiGo to the next level as a global aviation player.”
Soni has previously worked with prominent companies such as Adobe, Tata Teleservices, Ericsson, and Vistara, where she was part of the airline’s launch team. She is a Stanford certified project manager and has completed leadership programs from Indian School of Business and National Institute of Personnel Management.
On her appointment, Soni said: “I look forward to contributing to the company’s remarkable growth journey and leveraging my experience to take IndiGo to new heights.”
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.
