MAM
Mars Wrigley India appoints Nikhil Rao as chief marketing officer
Mumbai: Mars Wrigley India, the chocolate and confectionary segment of Mars Incorporated in India, announced the appointment of Nikhil Rao as its new chief marketing officer (CMO).
In this key leadership position, Nikhil will steer the marketing vision, spearhead strategic initiatives, and direct the end-to-end execution of Mars Wrigley’s portfolio strategy in India. He will be based in the Gurgaon corporate office and will report to Mars Wrigley India country general manager Tamer Kadry.
Announcing the appointment, Mars Wrigley India country general manager Tamer Kadry said, “I am delighted to welcome Nikhil as our Chief Marketing Officer and key member of the India Leadership Team. The India business is on a growth trajectory, and our constant endeavor has been to drive relevance, be consumer-focused and agile. Nikhil will play a pivotal role in ensuring that Mars Wrigley India continues innovating in the face of new and dynamic competition and ever-evolving consumer trends. His wealth of knowledge and experience will be instrumental in shaping and executing our long-term growth plans for India. He will contribute significantly to enhancing experiences with our iconic brands, much loved by our customers and consumers.”
Incoming Mars Wrigley India CMO Nikhil Rao commented, “I am excited to join Mars, a global leader in snacking, food, and petcare products and services, strongly driven by a powerful purpose – ‘The world we want tomorrow starts with how we do business today’ and founded on the Five Principles of Quality, Responsibility, Mutuality, Efficiency and Freedom. Mars Wrigley India is one of the fastest-growing business units for Mars, presenting an immense opportunity to shape the strategy further and drive the iconic brands and their execution to best-in-class levels. Mars has a unique, cohesive, and vibrant culture. I look forward to embarking on this journey with an incredible team of passionate Associates at a time when both Mars and India are poised for the next phase of growth.”
Nikhil joins Mars Wrigley India from Mondelez where he was the vice president – marketing for Mondelez Southeast Asia (SEA). With a career spanning nearly 25 years, Nikhil has successfully traversed Global, Regional, and Local BU roles in Sales and Marketing during his tenure across Cadbury/Kraft/Mondelez.
Nikhil is an alumnus of IIT, Madras, and IIM, Calcutta.
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.
