MAM
John Thankamony is Mindshare’s new head – programmatic
MUMBAI: Mindshare, one of India’s largest full service media agency, a part of GroupM, has announced the appointment of John Thankamony as head – programmatic.
John will focus on driving programmatic adoption and the embracing of programmatic tools by Mindshare clients. This will include the development of FAST (Future Adaptive Specialist Teams), Mindshare’s solution for clients to harness the power of data. John will be setting guidelines to work with partners while ensuring that Mindshare’s clients have access to relevant and in-target audiences across quality and viewable inventory that is fraud free. He will also be responsible for harnessing data and technology products to drive performance and business results for clients.
John will operate out of the Mumbai office and be regularly involved with the Bangalore and Gurgaon office. He will report to Vinod Thadani, Chief Digital Officer, South Asia, Mindshare.
Mindshare, South Asia, chief digital officer, said, “John will be focusing on leading our existing programmatic offering and developing the programmatic adoption across our client portfolio. We are sure his ability to interpret strategy into the real time solution will bring in larger value for our clients.”
Thankamony said, “The emphasis given by Mindshare to data and audiences is refreshing. India is at a defining moment in its internet journey with a lot of new digital entities cropping up in the market.”
Thankamony brings to Mindshare a rich experience of almost a decade, including that of helping launch and run programmatic operations from Singapore for the SEA region. He has worked with companies like Amnet Asia, Google Inc, and CRISIL Ltd. He has product expertise in various programmatic platforms having run operations and analytics teams with expertise across multiple global and regional partners.
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.
