MAM
Olive Crown Awards 2013 crowns Grey Worldwide as ‘Agency of the Year’
Mumbai: IAA Olive Crown Awards has crowned Grey Worldwide as ‘Agency of the Year’ for the year 2013.
Organised by the India Chapter of the International Advertising Association (IAA), the Olive Crown Awards were launched in 2011. They celebrate excellence in communicating sustainability or ‘green’ advertising.
Cheil’s Samsung Printers ‘Minus 1 Project’ was awarded as the Campaign of the Year while Kewal Kiran Clothing took away the Client of the Year award. Meanwhile, Padmashree Kartikeya Sarabhai was honored with the Green Crusader of the Year Award, an award which is presented to one unique individual who has dauntlessly fought our battle for going green.
The event saw many marketing and media heads and other industry leaders gracing the occasion like Colors CEO Raj Nayak, Hungama Digital Media Entertainment MD and CEO Neeraj Roy, Piyush Pandey, JWT South Asia CEO Colvyn Harries and Madison World chairman Sam Balsara. Praful Patel, Union Minister for Heavy Industries and Public Enterprises was the chief guest.
This was the first year when IAA Olive Crown Awards witnessed pan-Asia participation.
Olive Crown Awards 2013 chairperson and ED & CEO Draftfcb Ulka M.G. Parameswaran said “We saw an almost 45 per cent increase in the number of entries this year alone and our Awards Jury consisting of veterans like Sonal Dabral, Pops Sridhar, Vinod Rao, Chax, Ramki and Charles Victor were of the opinion that the quality has also seen a dramatic improvement over the years”.
IAA India chapter president and RK Swamy BBDO chairman Srinivasan Swamy said, “There has been widespread acceptance for these awards as corporates see the green message as a key differentiator in a competitive environment. And going green is no longer a luxury but an essential part of doing business. We are delighted to see that clients are roping in agency partners to help them build green awareness for their brands”.
A total of 35 Awards were handed over at the event hosted by former Miss World, Daina Hayden. The Award Function was opened by a performance in Indian Fusion music by Raghu Dixit Project, the Bangalore based band. Midcourse was a laser pyrotechnic show was followed by a comic include by ‘A Slice of Ham’.
Click here for winner list
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.
