Brands
Nidhi Kaistha to rev up Lamborghini’s India operation
MUMBAI: Nidhi Kaistha has been appointed head of Automobili Lamborghini S.p.A. India, taking the wheel of the Italian supercar manufacturer’s operations in one of Asia Pacific’s fastest-accelerating markets.
The seasoned executive brings over 25 years of leadership experience to the role, where she’ll steer sales, marketing and after-sales operations across Lamborghini’s Indian presence. She joins from rival Porsche India, where she served as regional sales and pre-owned cars manager.
Kaistha’s automotive pedigree includes more than 15 years at BMW India, where she held several pole positions including head of corporate, direct and special sales, and lead of business strategy for high-performance models. Her earlier career saw her navigate through the hospitality sector at Shangri-La Hotels and Resorts and Hyatt Hotels, following a stint as cabin crew with Gulf Air and Jet Airways.
Known for her strategic thinking and customer-first approach, Kaistha will now pilot Lamborghini’s growth ambitions across its existing showrooms in Mumbai, Delhi and Bengaluru, with an eye on further expansion opportunities.
Her appointment signals Lamborghini’s determination to turbocharge its presence in India’s luxury car market, where ultra-high-net-worth individuals continue to fuel demand despite the country’s notoriously challenging road conditions.
In taking the top job at Lamborghini India, Kaistha joins a small but growing cohort of women leading premium automotive brands in what remains a predominantly male-dominated industry – a trend that’s gradually shifting gears as carmakers seek diverse leadership to navigate an increasingly complex market.
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.
