Brands
MPL Sports unveils all-new sportswear collection
Mumbai: MPL Sports, the official kit sponsor of the Indian Men’s, Women’s, and Under-19 Cricket Team, Thursday unveiled its all-new sportswear collection made for cricket fans.
This comfortable and affordable range, spanning both performance and lifestyle wear, includes an official stadium jersey, training gear, and graphic tees. The pieces reflect the colours and iconography of the national team and feature exciting adaptations of unmistakable player styles, the brand said in a statement.
Commenting on the launch, MPL and MPL Sports’ SVP – growth and marketing Abhishek Madhavan said, “Through our partnership with BCCI, our goal is to provide cricket fans with a wide range of affordable, quality merchandise that they can sport to flaunt their pride; this new launch underscores this commitment. In conceptualising the pieces, we took the official Team India jersey and added a modern flair for style and versatility, to give fans more than one way to support the team. This range—which is by far the most comprehensive official assortment in the Team’s history—will appeal to every single cricket fan who wants to rep the Team India colours while expressing their personal style.”
The new range, along with the Team India retro limited over jersey, can be purchased on the MPL Sports website.
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.
