MAM
MyTeam11 aims for BCCI title rights after successful run as title partners with West Indies Cricket
New Delhi: One of India’s leading fantasy sports websites MyTeam11, today announced that they had picked up the bid documents and were aiming for the four-year BCCI Title Sponsorship Rights, as per the tender released by BCCI on July 29, 2019. The tender invite stated, the qualifying organization will get a chance to become the title sponsor of any Domestic Series/ Events organized, managed and administered by BCCI and played in India, between September 1, 2019 and March 31, 2023.
MyTeam11 broke new barriers for the fantasy sports sector recently by becoming the title sponsors of the India-West Indies series currently being played in the Caribbean. The series was rechristened as 'MyTeam11 International Series' as a result of the partnership.
Speaking about the tender, Vinit Godara, CEO, MyTeam11 said, “Our recent association as title sponsor for the India v West Indies Series was greatly appreciated by our users particularly the cricket fanatics. Based on the kind of response we received from our users, we are now planning to take the next step by becoming the title sponsors of BCCI’s Domestic Series/ Events. We believe that this association will help us achieve new horizons and further expand our reach.”
Elaborating on their ambitions, Sanjit Sihag, COO MyTeam11, added, “MyTeam11 always strives to bring something new to its users, and our aim to become the title sponsors of BCCI is part of that commitment. By grabbing this opportunity, MyTeam11 plans to become the first ever fantasy sports platform to become the Title Sponsors of BCCI.”
In the past, Myteam11 had signed some other noteworthy deals with various sporting properties like the RuPay Pro Volleyball League, Karnataka Premier League, and others as their “Official Fantasy Partner” and had also collaborated with over 25 TV channels including movies, music, sports, education, & regional channels so as to reach people residing in every nook and corner of the country, ahead of the upcoming cricket season of T20 & World cup. My Team11 has also been the On-Air partners for the Tamilnadu Premier League, Pakistan Super League and the Bangladesh Premier League as well.
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.
