MAM
MyTeam11 appoints Manvendra Singh Rathore as CMO
MUMBAI: MyTeam11, a fantasy gaming platform, today announced the appointment of Manvendra Singh Rathore as the chief marketing officer, effective 2 March 2020. Apart from leading the marketing initiatives for MyTeam11, he will also be looking after marketing and content strategy for recently launched SportTiger application, Al Shorts and all upcoming projects from the MyTeam11 bouquet.
Welcoming Rathore to the company, MyTeam11 CEO and co-founder Vinit Godara said, “I am pleased to welcome Manvendra to our MyTeam11 family. With the Indian Premier League (IPL) on the horizon, it was important that we have someone to look at our marketing initiatives end to end. Considering his experience and understanding of the market, he was the obvious choice. We look forward to a fruitful working relationship with him and expect that he will aid MyTeam11 in reaching new heights.”
Rathore has previously served as the national marketing manager for Ten Sports Network. During his five year tenure at Ten Sports, he was responsible for driving all marketing initiatives for the brand as well as handling product development and conceptualising innovative campaigns. He was also involved in multi-level in-house programming, overseeing brand tie-ups and in-house live cricket production and programming.
He has also been one of the core members of the Ten Sport team which successfully organised a WWE Live Event in India in 2016 and also implemented various marketing campaigns for the UEFA Champions League, ICC and other bilateral cricket series.
Speaking on his decision to join MyTeam11, Manvendra Singh Rathore commented, “I am proud to be a part of MyTeam11. The work that they have done in such a short space of time is beyond phenomenal. In less than four years, MyTeam11 has six sports in their fantasy gaming portfolio along with a user base of 10 million+ users. They have now also launched their own multi-sport aggregator platform SportsTiger which brings in a new dimension to the business. The possibilities hereon are limitless for MyTeam11 and I couldn’t be more excited to be part of the company’s future.”
In the recent past, Rathore has also served as the marketing director for DSport India and was part of the launch team for Discovery Channel’s newest sports broadcast offering. Following his DSport endeavours, Rathore moved to Times Internet, where he headed the marketing team for one of North America’s leading sports channels, Willow TV. He planned and executed Indian Premier League (IPL) and ICC World Cup campaigns for Willow TV and its OTT platforms in the United States and Canada.
Before joining MyTeam11 Rathore’s last stint was with Voltas Beko. At Voltas Beko, he presided over a few projects of the firm. Besides his marketing endeavours, Rathore has also overseen the Pakistan and MENA markets for Ten Sports and was given additional charge of Zee Entertainment’s distribution marketing. He has also had a small stint with Videocon Industries Ltd.
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.
