MAM
myUpchar promises profits from medicine e-commerce to PM CARES Fund
MUMBAI: Online health services company myUpchar.com will donate all profits from medicine e-commerce during the lockdown from 24 March – 14 April 2020 to the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund). The three-year-old health start-up announced the decision on Sunday – a day after Shri Narendra Modi launched the people’s fund to fight COVID-19.
“Any profit we make from the sale of medicines on www.myupchar.com during this time, we will donate to the fight against the new coronavirus,” said myUpchar.com CEO Rajat Garg.
myUpchar is a health services provider that delivers medicines to every corner of India and provides tele-consultations with specialists in fields from gynecology to psychology. The start-up also runs home sample collection facilities in 30 cities. All of these services will remain open during the lockdown, to address the growing concerns people have around their health at this time.
During this time, myUpchar will also release new videos and articles daily to share medically verified information about this new coronavirus. The company is also collaborating with doctors at major hospitals to give an up-to-date and holistic view to its 15 crore monthly viewers and readers of how to avoid infection, maintain social distancing and deal with the anxiety of living through a pandemic.
COVID-19 is a highly contagious viral infection – it was deemed a pandemic by the World Health Organization on 11 March 2020. The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) is a national fund for dealing with emergencies and distress situations, like the one posed by COVID-19. myUpchar is proud to be among the first to contribute to this nationwide war against COVID-19.
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.
